Bitcoin Whales Take Profit After Latest Price Jump — Here’s How Much They Sold
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....
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The Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show. The latest Bitcoin (BTC) whale clusters’ data shows four key short-term price levels could potentially act as resistances, namely $10,369, $10,570, $10,734 and $10,842.The hourly map of unspent Bitcoin from whales. Source: WhalemapWhalemap, an on-chain analysis firm that tracks Bitcoin whale activity, observes areas where whales, or high-net worth individuals, accumulate or move their holdings. Green clusters indicate areas where whales last bought Bitcoin. Given the tendency....
Analysts and traders discuss both bull and bear cases for Bitcoin after the BTC price plunged to $16,200. The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows.Whales selling right under Bitcoin's all-time high, particularly when the market sentiment was overly euphoric, led to a massive drop. Roughly $1.8 billion worth of futures contracts were wiped out, as Cointelegraph reported. Some exchanges, like Binance as an....
Bitcoin has seen an incredible 24 hours after the price of the digital asset added more than $1,500. This jump in price has come with a number of positive implications, including the profitability for investors who are holding the cryptocurrency. Where less than half of all investors had been in profit when BTC had declined below $19,000, the recent recovery has pushed the percentage upwards once more. 50% Are In Profit According to data from IntoTheBlock, half of all bitcoin investors are currently recording profit at current prices. The 7.7% jump in the digital asset’s price over....
On-chain data shows Ethereum whales have sold around 12 million in the cryptocurrency within the past year and have shown no signs of slowing down. Ethereum Whale Holdings Have Been In Constant Downtrend Since 2020 In a new post on X, analyst James V. Straten has discussed how the Bitcoin and Ethereum whales have shown some stark contrast in their behavior. Here is the chart that the analyst has shared, which compares the trends in the holdings of these humongous holders for the two assets over their entire history: How the holdings of the whales differ between the two cryptocurrencies....