Whales May Attempt to Dump Bitcoin above $19K, OKEx Analyst Warns

Bitcoin prices climbed above $60,000 for the first time in two weeks, raising prospects that the cryptocurrency would keep rising into the new quarter after closing the previous one almost 100 percent higher. Nevertheless, analyst Robbie Liu noted that the recent Bitcoin rally has resulted from “overheated retail action.” The OKEx researcher highlighted rising premiums […]

A recent downside correction in the Bitcoin market has done little to offset its long-term bullish bias, indicates Robbie Liu. The OKEx investment analyst listed a flurry of trading data readings that showed the cryptocurrency facing limited downside risks. He noted that the last week’s “Musk rally” of more than $6,000 helped the bullish sentiment […]

On-chain data shows the Ethereum whales have recently gone on a $425 million shopping spree, a sign that could be positive for the asset. Ethereum Whales Have Participated In Accumulation Recently As pointed out by analyst Ali in a post on X, the ETH whales have made some big purchases recently. The relevant indicator here […]

Data from OKEx gives one explanation of how bitcoin whales were able to influence the market during the rallies.

OKEx continues a spree of new token additions throughout the year. In just the past few weeks, the crypto spot and derivatives exchange-listed up Mina Protocol MINA, as well as community vote winner meme tokens AKITA and KISHU. OKEx has also been securing global partnerships to strengthen its network. Now, OKEx is announcing its latest […]