Whales offloaded 140K Bitcoin this month: Glassnode
Whales have been offloading their BTC this month after a sustained period of accumulation. According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. The report found that the number of whales increased by more than 14% in the year to Feb. 5, 2021. Whales and humpbacks' buying spree peaked in January as they snapped up 80,000 BTC, worth $3.84 billion at today’s prices.But....
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As earlier reported, Bitcoin holders have steadily held on to their coins in the past few months. Bitcoin whales, in particular, seem to be doubling despite the current uncertainty in Bitcoin’s future projection. Long-term holders add an average of 50,000 BTC to their wallets every month, as indicated by the HODLer Net Position Change indicator provided by Glassnode. Related Reading: Crypto Analyst: Bitcoin To Surpass Gold And Silver Within A Decade On the other hand, whales of Ethereum, the second largest crypto in the world, appear to be on a different trajectory. On-chain data....
The Bitcoin market appears to be retracing the gains it has made since January as whales may be exiting and selling on centralized exchanges according to Glassnode. The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs).Bitcoin (BTC) market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at least 1,000 coins, and exchange inflows of more than 1.7 million....
New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token’s supply. According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in the top 1% of Chainlink wallets. Glassnode’s research found that 81% of LINK not held on crypto exchanges of smart contracts is currently stashed away in 125 wallets, with the number of tokens held by Chainlink’s whales steadily increasing over the past two years.When including....
The Wikimedia Foundation has soaked up 140k in bitcoin donations since announcing accepting the cryptocurrency last week. The Wikimedia Foundation has soaked up $140k in bitcoin donations since accepting bitcoin donations last week. After some delay, it seems that the decision has paid off. The renowned public domain imaging site announced its partnership with Coinbase to accept bitcoins last week. It took a surprisingly long time for Wikimedia to warm up to donations considering founder Jimmy Wales' explicit curiosity, the obvious convenience in accepting a fee-free payment method, and....
Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs. So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode.In its July 4 Week Onchain report, Glassnode analysts said June saw Bitcoin have one of its worst-performing months in 11 years, with a loss of 37.9%. It added activity on the Bitcoin network is at levels concurrent....