Bitcoin Whales Back In ‘Full Force’ For The Rally, Glassnode Reveals
The on-chain analytics firm Glassnode has revealed how the large Bitcoin investors have been buying during this price rally so far. Accumulation Trend Score Suggests Strong Buying From Mega Whales In a new post on X, Glassnode has discussed about how the Accumulation Trend Score has changed for the different Bitcoin investor cohorts recently. The “Accumulation Trend Score” refers to an on-chain indicator that basically tells us about whether the BTC holders are buying or selling. The metric calculates its value by not only making use of the balance changes happening in the....
Related News
On-chain data shows HODLing conviction has been growing on the Litecoin network, with the 5+ years old hands only adding further with each cycle. Litecoin Has A Notable Part Of Its Supply Dormant For Years Now In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend in the supply of two Litecoin long-term holder cohorts. The “long-term holders” (LTHs) broadly refer to a class of LTC investors who have been holding onto their coins for more than a year, without having sold or moved them on the network even once. Statistically, the longer an....
The price of Bitcoin rose to $20,000 in 2017 and crashed. According to Glassnode, the same top signal has emerged, but feels different this time for several reasons. In 2017, the price of Bitcoin (BTC) reached as high as $20,000 before crashing rapidly. Now, the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time around, the ongoing rally feels significantly different for other reasons.Bitcoin typically pulls back when whales take profit, causing a ripple effect throughout the cryptocurrency market. As such, when....
The founder and CEO of the analytics firm CryptoQuant has pointed out how the latest Bitcoin rally saw buying from the Coinbase exchange whales. Bitcoin Coinbase Premium Index Saw A Sharp Green Spike Alongside Rally In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about the latest trend in […]
Whales have been offloading their BTC this month after a sustained period of accumulation. According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. The report found that the number of whales increased by more than 14% in the year to Feb. 5, 2021. Whales and humpbacks' buying spree peaked in January as they snapped up 80,000 BTC, worth $3.84 billion at today’s prices.But....
Crypto analyst Lumen has revealed a significant accumulation trend among Dogecoin whales, which provides a bullish outlook for the DOGE price. The analyst also mentioned what could drive the meme coin’s price to $0.5, marking a bullish reversal for Dogecoin. Dogecoin Whales Accumulate As Price Eyes Rally To $0.5 In an X post, Lumen revealed […]