Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possi...
The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However, onchain data shows that the whales are either dispersing funds into multiple wallets or bitcoin is being distributed more evenly to smaller fish. Number of Bitcoin Whales With 1K Bitcoin or More Declines, Sharks, Dolphins, and Small Fish Increase While cryptocurrency markets approach the weekend,....
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Bitcoin has bounced back from its latest low as on-chain data shows the Whale Transaction Count has witnessed a spike on the network. Bitcoin Whale Transaction Count Has Just Seen A Large Spike As pointed out by analyst Ali Martinez in a new post on X, whales notably upped their activity during the recent price surge. The indicator of relevance here is the “Whale Transaction Count” from the on-chain analytics firm Santiment, which measures the total number of transfers occurring on the Bitcoin blockchain that are carrying a value of more than $1 million. Only the whale entities....
On-chain data shows the Whale Transaction Count has shot up for Chainlink recently, a sign that more volatility could be coming for the asset’s price. Chainlink Whale Transaction Count Is Now At Its Highest Since 2023 In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Whale Transaction Count for Chainlink. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of LINK transfers that are valued at more than $100,000. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze,....
On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in the Whale Transaction Count has been looking like for the various top coins in the sector. Related Reading: ‘Paper’ Bitcoin On The Decline: What It Means For BTC The “Whale Transaction Count” here refers to an on-chain metric that keeps track....
Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale. The report noted at the time that the address “1P5ZED” shows all the tell-tale signs that it’s an exchange platform, but to this very day speculators still assume and still publish odd conjecture on why they think “1P5ZED” is a massive bitcoin whale. Famed Bitcoin Address ‘1P5ZED’ Once Again Sparks Unfounded Speculation and Rumors The “1P5ZED” bitcoin....
A Bitcoin whale has just pulled off a serious move. They withdrew 1K $BTC, worth over $84M, from the world’s largest crypto exchange by trading volume, according to blockchain tracking service Whale Alert. Now, before you assume someone’s cashing out, let’s clarify: this kind of move usually signals the opposite. Whales don’t move funds off […]