Bitcoin’s Price Recovery Revives Profit Margins For Short-Term Whales, Rally ...
With Bitcoin reclaiming and holding above the key $117,000 price level, this bullish move clearly implies that the ongoing bull market cycle is still alive and kicking. On-chain data shows that BTC’s current upward trend has notably reignited positive sentiment among short-term holders once again. Short-Term Bitcoin Whales Are Back In The Profit Zone In […]
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On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC price had slipped below the Realized Price of the short-term holder whales earlier. The “Realized Price” here refers to an indicator that keeps track of the average cost basis that the investors of a particular group currently share. Related Reading: Bitcoin NVT Golden Cross Gives Bottom....
Bitcoin has regained dominance over the market in recent times. The digital asset has seen price recover towards previous highs, with less than 1% left for it to surpass its previous all-time high. This has so far renewed faith in the asset and the market and has seen sentiment move into the positive in the broader crypto market. Bitcoin has not shown any signs of slowing down since then. On the index side, bitcoin has not taken any prisoners in its market domination. The digital asset has crushed every single index in the market and has outperformed indexes from small to mid-size, bar the....
On-chain data shows the Ethereum whales have sold the asset recently, while key holders on the Bitcoin network have accumulated instead. Ethereum Whales Have Sold Into The Latest Rally As explained by analyst Ali Martinez in a new post on X, the Ethereum whales have participated in selling recently. The “whales” here refer to the ETH entities holding between 1,000 and 10,000 ETH. At the current exchange rate, this range converts to $1.8 million to $18 million. While these bounds don’t cover the largest of holders in the sector, they do still contain some of the key....
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....
The latest on-chain data shows that a particular class of Bitcoin investors has been selling for profit in the wake of the recent price rally. The question here is — how much did they sell and how much impact could it have on the Bitcoin price trajectory? Bitcoin Whales Dump 30,000 BTC In Four Days — Impact On Price? In a new post on the X platform, prominent crypto pundit Ali Martinez revealed that Bitcoin whales have been increasingly active in the market in the days following BTC’s return to above $63,000. This on-chain observation is based on the drop in the total holdings of....