Bitcoin whales are buying more aggressively since Christmas, data finds
High-net-worth investors, or whales, have been buying Bitcoin more aggressively since Christmas, on-chain data show. Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.It is nearly impossible to segregate institutional investors from individual investors through on-chain data. However, the trend shows that investors with large capital are increasingly entering into the Bitcoin market despite its rally.Bitcoin large supply holders. Source: SantimentWhy are whales continuing....
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Bitcoin whales drove the rally to $48,000 and are aggressively buying, Binance exchange data shows. The price of Bitcoin (BTC) rallied to above $48,000 on Feb. 9, and has been consolidating since. Analysts from Material Indicators found that whales were the primary driver of the rally.This is largely considered a bullish sign. The probability of a Bitcoin top would increase when retail investors enter into the market en masse, as both the spot and derivatives markets get overheated.Why are whales driving the price of Bitcoin up?In recent months, so-called “mega whales” sold large amounts....
Ethereum whales have been known to go on large Shiba Inu buying sprees in the past. These whales have made bank off of the meme coin following its meteoric rise, but they are far from done when it comes to investing in the digital asset. The most recent reports of large buying among whales have […]
According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.
Whales with USDT holdings of $10,000 to $10 million added $1.06 billion worth of Tether to their wallets over the past month, increasing their buying power by 7%. Bitcoin (BTC) price struggled to overcome $40,000 resistance over the weekend and currently trading just above $38,000. At a time when BTC is hovering at a 40% discount from all-time highs, whales have started accumulating more stablecoins.According to data from Santiment, stablecoin whales with wallet holdings of 10,000 to 10 million Tether (USDT) have accumulated over $1 billion in buying power in the past month. The data....