Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong
On-chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k As pointed out by an analyst in a CryptoQuant post, the $18k level has been getting support from the whales as they have made spot purchases at this mark. The relevant indicator here is the “Sum Coin Age Distribution,” which tells us about the amounts the different Bitcoin investor groups are holding in their wallets right now. These groups are based on the idea of “coin age,” a....
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Whales have not stopped accumulating bitcoin. Current trend patterns suggest that bitcoin whales who hold between 100 to 1,000 BTC remain very bullish on the digital asset’s prospects. The slow month of September had seen the asset suffer dips and crashes which brought the price down to the $40K trading range. However, whales had used this as an opportunity to increase their holdings at a low price. Bitcoin wallets holding between 100 and 1,000 had continued to add to their balance and by the end of September, these wallets had accumulated a collective total of 85.7K BTC. In today’s....
Following the crypto market crash last week, Ethereum whales look to be gearing up for a recovery as they accumulate ETH. This accumulation trend is very telling of what these large investors expect the market to do next, which could serve as an indication of what’s to come. Ethereum Whales Buy Over 56,000 ETH On Thursday, the on-chain data tracker Lookonchain took to X (formerly Twitter) to reveal the activities of Ethereum whales over the last week. The post shed light on the sentiment among these large holders and showed their expectations for the digital asset. Related Reading: Which....
Ethereum and top altcoins have undergone strong retracements from their summer highs. Even still, investors remain bullish as they look out into the long run. Santiment reports that whales have been investing heavily in Ethereum and some ETH-based altcoins. These are REN, Chainlink, Aelf (ELF), Kyber Network (KNC), and 0x (ZRX). Some Ethereum Coins Are Being Accumulated By Whales Ethereum and top altcoins have undergone strong retracements from their summer highs. ETH, for instance, dropped […]
The 10-largest Ethereum whales have accumulated roughly $10 billion, but their investment behavior suggests some are still hungry. Apart from the amount of Ethereum that the whales hold, another defining characteristic of the group is its investment behavior pattern: It goes long on its assets and, probably, on the ecosystem itself. Neither have the whales sold any significant portion of ETH throughout the life of their addresses nor have they transacted with their ETH. Unsurprisingly, four out of the 10 whales bought more Ether in the last year. Covalent’s latest findings in Cointelegraph....
Bitcoin whales have resumed accumulating coins in what has turned out to be the biggest Bitcoin accumulation event in 2021. A number of Bitcoin whales addresses that currently hold a number of 100 to 10,000 bitcoins in their wallet accumulated over 60,000 bitcoins in a single day. Lately, Bitcoin has been sluggish in the market […]