Bitfinex Whale Activity Increases As Bitcoin Approaches $100k—Further Surge A...
Following a lackluster performance in recent weeks, Bitcoin appears to be seeing a steady recovery with its price now approaching the $100,000 price mark. Particularly, so far, BTC has managed to regain some of the losses shedded in recent weeks with its price now hovering above $98,000, marking a 2.6% increase in the past 7 days. Alongside this price movement, new data have emerged highlighting significant activity among large holders on exchanges, suggesting a shift in market dynamics. Related Reading: Bitcoin Open Interest Climbs—Is a Market Breakout Around the Corner? Bitfinex Whales....
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Data show Bitcoin whales have set large buy orders in the $17,000 to $17,200 zone in order to protect the current BTC rally. According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This shows that whales are using large buy orders to defend the $17,200 support area with strength.Bitcoin buy wall on Bitfinex. Source: Edward Morra, TradingLiteHow strong is the $17K support? Both whale clusters and exchange....
Bitcoin bulls should expect pain ahead even as the cryptocurrency has added more than $1,000 to its value in the last five days. Bitcoin breaks $12,000 in the latest rally. Source: BTCUSD on TradingView.com So says Joe007, a pseudonymous entity that was once the most successful traders on the BitFinex crypto exchange. The former whale […]
On-chain data shows Pepe is among the cryptocurrencies that have seen the largest week-over-week increases in the Whale Transaction Count. Pepe Whale Transaction Count Has Witnessed A 61% Jump In a new post on X, on-chain analytics firm Santiment has shared the top 10 list of digital assets that have seen the largest jumps in […]
Cardano (ADA)’s price appears to be regaining bullish momentum alongside other major cryptocurrency assets across the market, such as Bitcoin and Ethereum. This renewed upward performance of ADA is attributed to multiple factors, such as a broader market recovery and potentially the recent uptick in whale activity. ADA Faces Key Test After Accumulation Surge With […]
On-chain data shows the latest crash in the Bitcoin price has come alongside a spike in transaction activity from the whale-sized addresses. Bitcoin Whale Transaction Count Has Just Witnessed A Spike According to data from on-chain analytics firm Santiment, the Bitcoin Whale Transaction Count has observed a surge recently. The “Whale Transaction Count” here refers […]