XRP Holds Key Demand Level – Whale Activity Suggests Strength
XRP has faced a steep correction over the past few days, plunging more than 23% since Tuesday amid heightened market volatility. Despite this sharp downturn, XRP has shown resilience, bouncing back with a notable 20% recovery since yesterday. This quick rebound has reignited discussions about XRP’s long-term prospects, even as short-term sentiment remains shaky. Related Reading: Bitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn? According to data shared by prominent crypto analyst Ali Martinez, whales have accumulated 80 million XRP since the....
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Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend.As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance.Why is this level important for more BTC upside? Whale clusters form when whales or high-net-worth investors purchase Bitcoin at a certain price level and do not move....
Bitcoin price surged past $11,000 and 3 key indicators suggest a strong trend reversal is underway. Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal.The potential catalysts are whale accumulation, a spike in institutional demand, and the strength of the $10,500 support.Whales are either accumulating or refusing to sellEarlier this week, Cointelegraph reported that activity within whale clusters pointed to strong buying demand from....
Whale cluster analysis suggests that both hodlers and whales were responsible for the latest sell-off. Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172.The cryptocurrency market began to drop once again after an initial relief rally on Monday. Bitcoin dropped from $57,400 to sub-$54,000, losing the $55,172 whale cluster support level.Bitcoin whale clusters. Source: WhalemapIn the near term, it is crucial for Bitcoin to rally above $55,172 and reclaim it as a support level. Otherwise,....
Analysts reported that there is a growing demand for Ethereum due to the increasing appeal of the digital currency to large investors. The whale activity serves as one of the indicators that the cryptocurrency is gaining momentum for possible significant growth, capitalizing on the positive market sentiment on the crypto industry. Related Reading: Chainlink 125% Target In Sight As Whale, On-Chain Activity Soar—Analyst Growing Whale Activity Santiment reported that the number of transactions made by Ethereum whales saw a huge spike in recent days. ETH whales refer to large investors who....
Demand is keeping up with increasing activity from whales this week, the latest data confirms. Bitcoin (BTC) is still seeing a supply squeeze despite a significant uptick in whale selling on exchanges this week.As confirmed by on-chain monitoring resource CryptoQuant on Nov. 5, whales have accounted for the vast majority of selling pressure in recent days.Whale coins find a new homeA familiar event but with curious timing — large-volume holders are "dumping" BTC on the market, but at or near April's all-time highs.Despite seemingly unanimous consensus among traders and analysts that the....