Whales Fill Up On Bitcoin While Broader Market Panics
Bitcoin has recorded multiple dips in recent weeks that have pushed its price below $60,000. The slump came as a result of sell-offs from investors who believe that the asset has reached its peak. Panic had spread like wildfire, triggering even more sell-offs but not everyone gave in. Whales have always been known to gobble up the bitcoins that small-time investors unload during periods of panic and this time has proven to be no different. While the broader market panic sold their holdings, bitcoin whales took advantage of the opportunity to pad up their holdings, snapping up billions in....
Related News
Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000. Here’s what the whales are doing while the market panics. How The Bitcoin Whales Are Behaving At The Moment In a new post on X, the market intelligence platform IntoTheBlock revealed how the Bitcoin whales have been behaving recently, given the […]
Ethereum crumbled with the market during the last crash and is yet to recover to previous levels. The crash was characterized by sell-offs and liquidations from all angles, which continued even when the price dumped further. Fear of a bear market sparked this as investors wanted to get out before the price fell further. But not everyone followed this trend of dumping. Whales have always been known to move differently from smaller investors when it comes to the crypto market and this time was no different. While investors panic sold their holdings at low prices, these whales quietly gobbled....
Bitcoin, likewise other cryptos, have had a hard seven days. So investors across the crypto have understandably been wary of the market and any investments at this point. This has played out in the way the digital assets have done in the market. Various dips have put the market into what looks like a long-suffering form. But while most investors hold their breaths in wait for what happens next, whales are on the move with their bitcoin investments. Whales Gearing Up For Next Bitcoin Rally Whales have been known to move large amounts of cryptocurrencies across wallets. These happen both in....
Cardano (ADA) has been one of the most hardly hit cryptocurrencies during the latest market crash. It has so far lost over 60% of its all-time high, putting the majority of its investors right in the loss territory. The downtrend has been a cause for alarm among holders. But it looks like not everyone feels that way as some, mostly whales, have taken this as an opportunity to increase their holdings. Whales Fill Up On ADA A report from analysis firm Santiment shows a broad accumulation trend among whales when it comes to ADA. As the price of the digital asset had crumbled, big investors....
Bitcoin’s price has been on a clear uptrend since the lows of March at $3,500. Data shows that despite the growing cost, the number of BTC whales (entities holding more than 1,000 coins) has increased. This suggests that there is an increase in high net-worth individuals dabbling in the space. This is a positive sign as it indicates a consistent flow of capital into Bitcoin and the broader crypto-asset market. Other on-chain trends also indicate […]