Bitcoin HODLers Booked $120 Million In Profits During Price Crash: Data
On-chain data shows the Bitcoin long-term holders locked in a significant amount of gain around the time of the latest price plunge. Bitcoin HODLer Whales Have Shown Profit-Taking Spree Recently As explained by analyst Ali Martinez in a new post on X, long-term holder whales have participated in some profit-taking recently. “Long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. Related Reading: Bitcoin Whales Sell 147,000 BTC Since August, Fastest Selloff Of Cycle This cohort is considered to represent the....
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Ethereum price is still bearish, and every correction may be a chance to sell ETH/USD. Can sellers push the price towards $7.00? Ethereum price ETH failed once again as forecasted and moved down. Yesterday, I highlighted that ETH/USD may move down once again and retest the $7.36 levels. The price did move down and I hope you all booked profits. There was a new low of $7.13 created for ether price, and there are chances of more declines in the near term. There seems to be no relief for ETH buyers, as there was a continuous bearish pressure noted in the price. Yesterday’s highlighted bearish....
As devastating as Wednesday’s crypto crash was, few hodlers lost as much as Ethereum Co-Founder Vitalik Buterin. According to CNN, Buterin’s public wallet was valued at $1.1 billion on the morning of the downturn. But following the crash, it stood at $870 million. Markets bounced back as the selling eased off. But prices are still […]
After making an all-time high of $112K, $BTC seems to have lost some steam. It’s now consolidating around the $110K mark. Data from CryptoQuant shows that this might be due to profit booking by new whale accounts. These whale addresses have booked $3.21B in profits as compared to only $679M by older wallets. Since April […]
Data shows the Bitcoin “reserve risk” indicator has recently plunged down and is now reaching all-time lows only seen back in 2015 bear and the March 2020 COVID crash. Bitcoin Reserve Risk Suggests HODLing Relative To Price Is Strong According to the latest weekly report from Glassnode, BTC investors have been holding strong onto their coins despite the large decline in the crypto’s price recently. Before looking at what the “reserve risk” indicator does, it’s best to get an understanding of a couple concepts first. A “coin day” is....
Much is said about crypto adoption and how we, as hodlers, will be on the right side of history. And while regulators, U.S ones especially, have been trying their damndest to derail the revolution, data compiled by TripleA shows a positive trend with crypto adoption, especially in many developing nations. With that, India, despite their […]