Bitcoin Whales Selling Less? Analyst Sees Signs Of A Rebound
A shift in Bitcoin whale activity is occurring on Binance, which may cause the market to go in a different route. There is uncertainty as a result of some major Bitcoin holders decreasing their holdings while others are buying. This change in whale behavior may indicate a breakout or a time of increased volatility, which […]
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On-chain data shows the Ethereum whales have recently gone on a $425 million shopping spree, a sign that could be positive for the asset. Ethereum Whales Have Participated In Accumulation Recently As pointed out by analyst Ali in a post on X, the ETH whales have made some big purchases recently. The relevant indicator here […]
Ethereum, aside from Chainlink, is the best performing cryptocurrency in the top ten by market cap. The top-ranked altcoin has had enjoyed a substantial rebound from bear market lows and surged all throughout 2020 on the heels of the DeFi trend. But despite the greater crypto market recovery, one crypto analyst sees a bearish Elliott […]
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....
As earlier reported, Bitcoin holders have steadily held on to their coins in the past few months. Bitcoin whales, in particular, seem to be doubling despite the current uncertainty in Bitcoin’s future projection. Long-term holders add an average of 50,000 BTC to their wallets every month, as indicated by the HODLer Net Position Change indicator provided by Glassnode. Related Reading: Crypto Analyst: Bitcoin To Surpass Gold And Silver Within A Decade On the other hand, whales of Ethereum, the second largest crypto in the world, appear to be on a different trajectory. On-chain data....
For Chainlink (LINK), the waters of the bitcoin market are moving in its favor. Inspired by recent accumulation from big investors and forecasts of an upward trend, the asset is exhibiting signs of life following a period of slow performance. Nonetheless, the path to recovery might be a meandering one as experts have conflicting projections for the next years. Related Reading: Mass Adoption? NEAR Protocol Sees 17 Million Unique Addresses In 30 Days Whales Build Chainlink During Crisis Market observers are fixated on the behaviour of “whales,” or heavily weighted investors.....