Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoi...
After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition into Sunday, two major whale transactions stemming from Binance resulted in three new massive wallets. One wallet contains 58k in bitcoin worth more than $3.3 billion using today’s exchange rates. Over $4 Billion in Bitcoin Moved Yesterday....
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The ongoing Bitcoin rally brought investor interest back to altcoins in a big way, but as soon as the top-ranked cryptocurrency made it above $19,000, it has been nothing but carnage for Ethereum and the rest of the altcoin space. Here’s why these assets faced carnage as soon as Bitcoin hit $19,500, and why it […]
Bitcoin, likewise other cryptos, have had a hard seven days. So investors across the crypto have understandably been wary of the market and any investments at this point. This has played out in the way the digital assets have done in the market. Various dips have put the market into what looks like a long-suffering form. But while most investors hold their breaths in wait for what happens next, whales are on the move with their bitcoin investments. Whales Gearing Up For Next Bitcoin Rally Whales have been known to move large amounts of cryptocurrencies across wallets. These happen both in....
About four months ago, four of the top rebase tokens by market valuation were worth close to $8 billion in USD value and today, the entire lot of rebase tokens collectively are valued at $1.14 billion. The largest rebase crypto by market capitalization, olympus (OHM), had a $4.3 billion market valuation last November, but after shedding 98.1% in USD value, OHM’s market capitalization is now $438 million.
Over $7 Billion Exited the Rebase Token Economy During the Last Four Months
During the first week of November, Bitcoin.com News reported on the olympus (OHM) rebase token....
Shiba Inu (SHIB) currently has the largest dollar holding compared to the rest of 100 ETH whales. In fact, CoinMarketCap has SHIB on their top 20 coins in the market cap category. Although SHIB seems to be gaining traction, this was quite the opposite a few days ago. Shiba Inu has suffered a major dip at only 216,260 transactions even though it has been listed by (HOOD) or Robinhood Markets Inc. The total burn rate so far is at 31.71% or coming from the initial burned supply of 410,339,763,887,291 from SHIB’s total supply of 889.660.236, 112,708. Suggested Reading | Bitcoin Carnage....
The carnage in the crypto market has continued today, leading to nearly $300 million in liquidations in the futures sector. Crypto Futures Market Observes Almost $300M In Liquidations In case anyone is unaware what a “liquidation” is, it’s best to get a brief look at the workings of derivatives trading. When an investor opens a […]