This Whale Trend Indicates a Flood of Retail Investors Will Soon Launch Bitco...
Bitcoin’s price action as of late is finally beginning to reflect the fundamental strength incurred throughout the past several months Virtually all on-chain metrics are currently playing in bulls’ favor, while other fundamental developments – like the adoption of BTC as a reserve asset – also give it a boost This fundamental strength may be what helped lead the cryptocurrency up from recent lows of $9,900 to highs of $11,700 that were tapped just days […]
Related News
Recent on-chain data from Glassnode reveals that retail investors, defined as addresses holding 1 BTC or less, have significantly ramped up their Bitcoin purchases in the past two months. Although this interesting trend among retail traders is very bullish for the leading cryptocurrency, it has been contrasted by a deviating trend among whale addresses, who […]
After multiple attempts over the past few days, the price of Bitcoin has failed to reclaim and break past the $70,000 mark as volatility continues to overshadow the market. Since the waning price action, the activity of retail BTC holders and whale investors across the market seems to have been slowly diverging. BTC Whales And […]
On-chain analysis shows that retail buying is accelerating while whale supply is declining.
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has predicted that a flood of institutional money will flow into bitcoin once miners have addressed the renewable energy and environmental, social, and governance (ESG) issues. He said the flood will begin when bitcoin meets the ESG standards which will allow institutional investors to get into the asset class. O’Leary Predicts Soaring Institutional Demand for Bitcoin After Miners Solve ESG Issues Kevin O’Leary has reiterated his concerns about bitcoin’s sustainability and the importance of the cryptocurrency meeting....
XRP is sending out an interesting on-chain signal at a time when its price is still struggling to build a convincing recovery above $1.3. A closely monitored on-chain metric tracking the behavioral gap between XRP’s largest holders and its retail base has collapsed to its lowest reading in more than two years. The data, sourced from blockchain analytics platform CryptoQuant, points to a structural shift in how XRP is flowing out of Binance, with the Binance Whale vs. Retail Spread for XRP falling to 88.3%, its lowest level in more than two years. XRP Whale Vs. Retail Spread Hits A....