Litecoin Whales Are Active: Over 50% Of Market Cap Being Shifted Around Daily
On-chain data shows that Litecoin whales have been active recently, as the network has handled many large moves. Litecoin Large Transaction Volume Has Been At $2.85 Billion Recently According to data from the market intelligence platform IntoTheBlock, the Litecoin network has been witnessing some high activity from the whale entities recently. The on-chain indicator of […]
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Large spikes in whale transactions typically precede a period of declines in the Litecoin market. The daily transactions involving the richest Litecoin (LTC) addresses — "whales" that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021.Litecoin selloff ahead?On-chain analytics platform Santiment detected a total of 3,458 LTC transactions worth over $100,000 on April 5, calling it "an indicator of mid-term price direction shifts." Meanwhile, Litecoin's price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.Litecoin....
Litecoin is once again experiencing losses following bitcoin's movements. The 24hr loss neared 4% and the litecoin price sunk to $1.69 from $1.76. The litecoin market seems to briefly have taken the upward turn once again though as the price is currently recovering from the daily lows. Bitcoin and litecoin, are their prices going hand by hand? As always, it's clear that bitcoin played a role in the recent movements that litecoin price took. While the patterns noticed in the charts can't really be described as identical, litecoin has been known for staying true to the direction that....
Bitcoin whales have become active once again. While whale activity is normal and to be expected, the rate at which they purchase and accumulate coins can point to further movement in the market. Given that these investors control a large enough volume to affect the price of bitcoin, watching their every move can be beneficial as shown bypass data. When whales begin moving BTC in large volumes, it can either signal a market dump or pump. In the same vein, it can also who how big money is dealing with the digital asset. These addresses which hold 1,000 or more bitcoin on their balance have....
Bitcoin price action may be boring for many, but whales have been busier than ever behind the scenes, data suggests. Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior.Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC.Whale activity beats Bitcoin all-time highsDespite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin investors are anything but calm.In recent weeks, these whales have shifted more coins around the network than ever....
Bitcoin daily active addresses are on the rise. This has followed the uptick in price after the market crash. As time has gone on and the price has been down for a while, investors are taking this to be a time where they can stock up on the digital asset for cheap. This has led to a high number of daily addresses, and this has continued, indicating that there are bigger things to come. 1 Million Active Addresses In Three Days On-chain analysis firm Santiment recently published a report detailing the number of bitcoin daily active addresses. This number had seen a significant uptick this....