Bitcoin whales 'bought the dip' as orders for $100K or more hit all-time highs
There's no shortage of demand for Bitcoin, even at $50,000, as big buyers dwarf smallholders in the latest stage of the bull run. Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price "dip" by buying big, data suggests.In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance — the biggest cryptocurrency exchange by volume worldwide — are reaching all-time highs.Big Bitcoin buyers don't hesitateIn stark contrast to orders worth less than $100,000, larger buys are more frequent than ever....
Related News
Bitcoin broke $40,000 in a strong recovery rally over the past three days as BTC could stabilize above the key level in the foreseeable future. The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market.The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time.Bitcoin recovers quickly after whales finish sellingOn Jan. 29, a pseudonymous Bitcoin researcher and....
Data suggest Bitcoin’s price drops at each new all-time high are the result of “mega whales” selling into liquidity. Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms.According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick 10% drop to the $36,000 area over the next few hours.The dip was quickly bought up, eventually pushing the price above $41,000 in the next 12 hours. However, BTC saw....
It's been "up only" in recent days for Bitcoin price action, but when a retracement hits, hopes are pinned on $40,000 holding. Bitcoin (BTC) hit new multi-week highs above $45,000 on Feb. 8 as the largest cryptocurrency's comeback continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 becomes popular retest targetData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,500 on Bitstamp in its latest surge before consolidating.Volatility was once again in evidence as the pair fluctuated by $1,000 on intra-hour timeframes, circling $44,800 at the....
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....
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 […]