Bitcoin price reclaims $15.5K after whales sell the most BTC since March

Bitcoin price reclaims $15.5K after whales sell the most BTC since March

Bitcoin whales sold the highest amount of BTC since March, which is a bullish sign for BTC price based on previous market cycles. The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In the past cycles, the dominant cryptocurrency typically rallied after a sell-off from whales.On March 12, for instance, the All Exchanges Inflow Mean (MA7) indicator hit 3. At the time, BTC declined to as low as $3,596 on BitMEX after seeing cascading liquidations.Since then, the MA7 has never increased above 1.7. On Nov. 11, for the first time....


Related News

Shiba Inu Reclaims Its Spot As The Largest Token Holding Among Ethereum Whales

Shiba Inu had been the largest token holding among Ethereum whales for the longest time. These whales had held their tokens for longer and when the price of the token had surged, so had the dollar value of their holdings. However, the digital asset has seen its position among the whales challenged at every turn. […]

3 reasons why Bitcoin price violently rejected near $20,000

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....

Whale clusters pinpoint 4 critical short-term Bitcoin price levels

The Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show. The latest Bitcoin (BTC) whale clusters’ data shows four key short-term price levels could potentially act as resistances, namely $10,369, $10,570, $10,734 and $10,842.The hourly map of unspent Bitcoin from whales. Source: WhalemapWhalemap, an on-chain analysis firm that tracks Bitcoin whale activity, observes areas where whales, or high-net worth individuals, accumulate or move their holdings. Green clusters indicate areas where whales last bought Bitcoin. Given the tendency....

Brace for impact? After hitting $42K, Bitcoin price volatility may rise

Bitcoin whales are selling while buyers in the U.S. are accumulating, who will get the upper hand, and where will BTC’s price go next? The price of Bitcoin (BTC) achieved a new all-time high above $42,000 on Jan. 8, surging by 9% in merely three hours. At the time, there was a high premium on Coinbase, which meant U.S. buyers drove up the market by aggressively accumulating BTC. But, there is continuous selling pressure coming from Asia, particularly from South Korea.Bitcoin corrected sharply after rising to $42,000, declining by over 7% in about eight hours. The sell-off coincided with....

5 key reasons why Bitcoin will likely see new all-time highs soon

On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon, as whales, miners and long-term hodlers turn bullish again. The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals.However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term.Whales stopped sellingThe number of whales, which are....