No, A Whale Didn’t Cause Bitcoin To Crash Overnight
Bitcoin price is down more than 10% from the weekend’s new all-time high set above $60,000 after an overnight selloff. The now sizable correction was first assumed to be a massive whale dumping more than $1 billion in BTC on crypto trading platform Gemini, but ultimately turned out to be something else. Here’s what actually caused the correction, and why the market was so easily shaken by what was ultimately a non-event. Whale Watching: Bitcoin […]
Related News
The Bitcoin all exchanges whale ratio has soared, which might be an indicator that a crash could be coming soon, based on past patterns. The All Exchanges Whale Ratio Soars As pointed out by a CryptoQuant post, the Bitcoin All Exchanges Whale Ratio had a sharp spike on Sunday. The BTC All Exchanges Whale Ratio […]
Here's a look at what we are focusing on in the bitcoin price this morning. Another day, another opportunity to draw a couple of dollars from the bitcoin market on any volume induced volatility. That’s the saying, right? Well, it’s what we’re going to try and do today. The week so far has been mixed. We got9 a running start after a great weekend, but then price essentially died overnight on Tuesday/Wednesday (died as in remained flat, it didn’t crash or anything like that) and we didn’t manage to get in to anything for a few hours. Wednesday afternoon, however, price did crash (on the....
Popular doggy-themed meme coin, Shiba Inu, has experienced a major crash in whale net flows, signaling a shift in sentiment among large-scale investors. This sharp decline could have significant repercussions for the meme coin’s price, especially as Shiba Inu has been under severe downward pressure in the last few months. Shiba Inu Whale Net Flows […]
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 […]
Bitcoin got hit hard on Feb. 5 (down 13.2%), and Jeff Park’s take is pretty blunt: this didn’t look like a crypto headline. It looked more like tradfi plumbing: margin, derivatives, and ETF mechanics, running through spot Bitcoin ETFs, with BlackRock’s IBIT right in the middle. Here’s the odd part: flows didn’t show the big […]