Fear Not: Bitcoin Whale Selling Doesn’t Point To A Crypto Meltdown—Analysts
Bitcoin dropped to $96,000 on heavy selling Friday, and falling risk appetite, leaving traders and analysts parsing whether this is normal profit-taking or a larger turning point for the market. Related Reading: XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’ According to on-chain and market reports, the drop wiped out more than $700 million in long positions and left November down by more than 10%. Whale Transfers Draw Focus Reports have disclosed that a wallet tied to trader Owen Gunden moved 2,400 Bitcoin — about $237 million — onto the Kraken exchange, a....
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Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining. The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed Index seeing its longest run of extreme fear since the market crash in Mach 2020.Crypto Fear & Greed Index.....
Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging. Over the past 24 hours, Bitcoin has seen a slight recovery, with its price rising to $81,647. This shift has led analysts to closely examine whale activity and exchange trends to determine whether the correction phase may be nearing an end. Related Reading: Bitcoin’s SOPR Nears Critical Level—Is a Deeper Correction Ahead? Binance’s Whale....
For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the rally may continue. The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. Three key reasons are behind the dominant cryptocurrency’s strong momentum.The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.BTC/USD weekly chart (Bitstamp). Source: TradingviewWhales are still accumulating BitcoinAll throughout November, Cointelegraph reported that whale clusters were....
Bitcoin price is down, but which dips are the ones to buy? Here are three metrics savvy investors use to determine when to buy BTC. Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of catching a falling knife usually keeps most investors planted on the sidelines.The month of May has been especially challenging for crypto holders because Bitcoin (BTC) dropped to a low of $26,782, and some analysts are now....
XRP continues to face pressure as bulls struggle to push the price back above key resistance levels. After weeks of declines, market sentiment remains fragile, with many traders questioning whether the altcoin can find solid footing. However, some analysts still see potential upside — provided XRP manages to reclaim higher levels and attract renewed buying interest. Related Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit Fresh data from CryptoQuant sheds light on an important dynamic unfolding behind the scenes. Since the beginning of October, a clear shift....