Bitcoin Shark & Whale Wallets Jump Despite Bearish Price Action
On-chain data shows the Bitcoin sharks and whales have seen their population grow during the last three months, despite the price witnessing an overall downtrend in this window. Bitcoin Sharks & Whales Saw A 3.9% Jump In Address Count Over Last 3 Months In a new post on X, on-chain analytics firm Santiment has discussed the latest trend in the Supply Distribution of the Bitcoin sharks and whales. The “Supply Distribution” here refers to an indicator that tells us, among other things, the number of wallets that belong to a given coin range. For example, the Supply Distribution....
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On-chain data shows the shark and whale population on the Bitcoin network has surged to a new record, indicating continued influx of large entities. Bitcoin Sharks & Whales Are Sitting At A Record Count According to data from on-chain analytics firm Santiment, there are currently a record number of Bitcoin investors holding over 100 tokens. […]
Crypto whale action can affect the price of cryptocurrencies and tracking these whales can offer invaluable and timely insights into price movements. What are the common crypto whale tracking tools?Whale tracking tools like Whale Watchers, Whale Bot Alerts and others can help investors spot whale action and make quick and timely decisions.Whale tracking tools come with different capabilities, some can be just a simple window on top of a blockchain, while others have analytics and charting capabilities across multiple blockchains. Some only cover crypto whale tracking, while others offer....
XRP could continue a price correction in the short term as recent price action has put it rebounding against a resistance level of $0.5. On-chain data has also revealed a row of transactions from whales of the cryptocurrency in the past 24 hours, but are they bullish or bearish on XRP? These large transactions have been a mix of both, although the trading volume of each transaction could point to them being bearish rather than bullish. XRP Whales On The Move Large XRP transactions, often indicators of whale activity, have spiked recently. XRP has seen some major whale movements over the....
Chainlink (LINK) has managed to break through the critical resistance level at $6. This unexpected surge in price can be attributed, in part, to the relentless accumulation of LINK tokens by large wallet investors, known as sharks. The trend among these influential players has been particularly pronounced, and it could hold the key to Chainlink’s bullish resurgence. On-chain date cited in a report has provided valuable insights into this remarkable shift in Chainlink’s fortunes. According to their data, the shark tier of investors has swiftly acquired a staggering $9.6....
On-chain data shows XRP shark and whale population has climbed to a new record alongside a spike in activity on the blockchain. XRP Wallets With 1 Million+ Tokens Have Set A New Record In a new post on X, the on-chain analytics firm Santiment has discussed the latest trend in a couple of indicators related to the XRP network. The first metric of relevance is the “Supply Distribution,” which tells us, among other things, the number of wallets that belong to a particular coin range. Related Reading: Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin? In the....