Bitcoin whales are betting $40K isn't the top as data hints bull run is only ...
Volatility is the latest indicator to call the start, not the end, of a bull market cycle as 1,000+ BTC wallet numbers spike to new highs. Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high.Data from on-chain analytics resource Glassnode confirms that as of Jan. 20, there were in excess of 2,400 large-balance wallets.Whale wallets hit record highsIn 2021 alone, 164 new 1,000+ BTC entities were created, together controlling around $6 billion. While these may not all denote whales increasing....
Related News
The number of Bitcoin whales is increasing as the price of BTC continues to rise. The number of whale addresses holding Bitcoin (BTC) have hit a new all-time high, the latest data shows. This can be considered bullish, particularly as the price of BTC is showing staying power above $50,000.The increase in the number of whales indicate that high-net-worth investors are actively accumulating Bitcoin as the bull market continues.Number of addresses holding $1m Bitcoin. Source: GlassnodeWhy is the rising number of whales important?During bull cycles, the price of Bitcoin could be at risk of a....
Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000. Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This trend indicates that the confidence in Bitcoin is strengthening as the price is now attempting to stabilize above the $50,000 level.Why whale confidence is importantDuring bull cycles, whales can take profit on their positions, especially if the futures market is highly overcrowded.Whales selling their holdings to rebalance their portfolios can....
On-chain data shows the Bitcoin sharks and whales have continued to hold strong despite the asset’s price surge. Bitcoin Sharks & Whales Have Been Increasing Their Holdings Recently According to data from the on-chain analytics firm Santiment, the BTC sharks and whales have been participating in accumulation during the past month. The indicator of relevance […]
On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator […]
Whales are broadly acting just like in the 2017 bull market, research suggests, as Bitcoin price action takes another breather. Bitcoin (BTC) whales are back in the game near $60,000 as data shows classic bull market behavior.According to on-chain monitoring resources on Nov. 16, the third-largest Bitcoin whale address has increased its holdings by 207 BTC.Whales buy the dipDespite falling 8% over the past 24 hours, Bitcoin remains a solid buy for its biggest investors.For one address, now the third-largest with a balance of 193,433.46915660 BTC, it added the equivalent of $12.84 million....