Bitcoin May Face Some Short-Term Selling Pressure as Coinbase Whales Deposit
Bitcoin has undergone some shaky price action after a push to $19,000 this past week. Ki Young Ju, CEO of Crypto Quant, recently said that the coin could face a correction in the days and weeks ahead. The percentage of whale deposits relative to retail deposits into Coinbase addresses has increased, he noted. Bitcoin Could See Price Drop As Whale Deposit Ratio Spikes Bitcoin has undergone some shaky price action after a push to $19,000 […]
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Coinbase Pro is a major bellwether for institutional demand. Now, data from CryptoQuant indicates that short-term selling pressure on Coinbase is mounting. Bitcoin’s (BTC) definitive breakout above $50,000 may have to wait longer to materialize as spot buying pressure on Coinbase Pro shows signs of weakening — at least, in the short term. The Coinbase Premium Index, which measures the gap between the BTC price on Coinbase Pro and Binance, has flipped negative, according to CryptoQuant. In other words, selling pressure on Coinbase appears to be strengthening compared with other exchanges....
After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K. Bulls now face a critical test, as they must push BTC above $90K to prevent bears from driving prices lower. Related Reading: Whales Accumulate Over 420,000 Ethereum In Five Days – Rally On The […]
Solana (SOL) investors are witnessing rising volatility as a surge in whale activity signals deadly selling pressure in the market. Despite a strong rally above $250 earlier in September, market sentiment appears to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds ahead. Most recently, a staggering 312,233 SOL tokens were deposited into Coinbase, fueling concerns that whales may be positioning for significant profit-taking. Solana Whale Deposits Signal Rising Selling Pressure Blockchain tracker Whale Alert reported one of the largest Solana....
Bitcoin price strongly rejected near the $20,000 resistance, leading analysts to debate whether a quick recovery is in the cards. Bitcoin (BTC) finally managed to secure a new all-time high, but the digital asset rejected strongly near $20,000. On-chain analysts say a sell-off from whales and miners, combined with the $20,000 level acting as a resistance level caused a fierce drop.BTC/USD 15-minute chart. Source: TradingViewWhat led whales and miners to sell Bitcoin?For whales and high-net-worth investors, liquidity is the most important factor. Because they deal with large orders, they....
According to a recent CryptoQuant Quicktake post, short-term Bitcoin (BTC) holders are choosing to retain their digital assets despite incurring unrealized losses. CryptoQuant contributor Onchained explained that short-term BTC holders have recorded significantly lower realized losses compared to their unrealized losses. Short-Term Bitcoin Holders Expecting A Price Rally? The first quarter of 2025 has been marked by high price volatility in the cryptocurrency market, including Bitcoin. BTC has dropped from approximately $97,000 on January 1 to around $83,000 at the time of writing,....