From Top To Bottom: Bitcoin’s Largest & Smallest Hands Both Now Accumulating
Data shows distribution on the Bitcoin network has dropped off, with both the largest of whales and small retail hands taking to accumulation. Bitcoin Accumulation Trend Score Shows Shift Toward Buying As explained by Glassnode analyst Chris Beamish in an X post, Bitcoin investors have been showing a lot less distribution at the recent price […]
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Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshis”. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?” Novogratz Asks Top Exchange Execs to List Satoshis Bitcoin bull and investor Mike Novogratz is interested in seeing crypto trading platforms list the smallest unit of bitcoin (BTC) called “satoshis” or “SATS.” One can think of satoshis as the “cents” from dollars;....
A property listings site in the US has started giving a large discount to users who advertise on the site and pay in bitcoin. The listings site, called RentHop, is offering landlords and agents who advertise properties in New York a discount of up to 60% if they pay for their adverts in bitcoin. The site currently has about 87,000 listings for New York. RentHop customers pay for ads with credits purchased from the site. The smallest package of credits available is 15, which costs $6 and the largest package is 300 credits at $75. Bitcoin users get 60% off the smallest package and about 40%....
Data shows that while number of Bitcoin whales is going down, the remaining ones keep on accumulating more during dips. The Remaining Bitcoin Whales Show Diamond Hands As They Buy More Dips As per the latest Arcane Research report, BTC whales continue to accumulate despite the total number of them going down over the past […]
Bitcoin price is at a pivotal moment, about to potentially confirm a break out into a new bull market. Yet for some reason, coin dormancy, what one analyst calls a measure of “old hands” selling, is reaching a high level currently. These holders sold the Bitcoin bottom fearing lower prices, but why then are these […]
What a week! The cryptosphere is buzzing. Did a single tweet from Elon Musk tanked Bitcoin’s price? Or did weak hands surrender their coins to strong hands at a discount? Even though Elon’s motives are in question, and probably have nothing to do with the environment, MicroStrategy’s CEO came to the rescue. In a recent […]