Whales Flip Long on Bitcoin While Retail Remains Sidelined; A Bullish Sign?
Bitcoin has been flashing signs of strength today as it rebounds from an intense selloff seen yesterday. Its reaction to this dip proves that this is a firm bull market, as each bout of selling pressure is met with serious buy-side pressure that slows its descent and helps lead it to see further upside. Where […]
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Bitcoin price remains pinned below $50,000 but the drop in BTC dominance could propel ETH, BNB, XMR and CAKE higher over the short term. Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC) from its all-time high at $64,849.27 does not seem to have scared novice traders. Data from DappRadar shows that decentralized exchange volumes have picked up in the last week as traders may have exited profitable Bitcoin positions to buy altcoins at their current rock....
On-chain data shows the XRP whales have participated in a large amount of net buying recently, a sign that could be bullish for the asset’s price. XRP Whales Have Gone On An Accumulation Spree Over Last 48 Hours As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased […]
Bitcoin price is attempting to flip the $50,000 level back to support, while many altcoins are capitalizing on BTC's consolidation by moving higher. Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate of $52,765 per coin. This takes the company’s total holding to 90,531 Bitcoin.Another company that bought Bitcoin during the current market correction is Square. The company said it had....
On-chain data shows the Litecoin whales have participated in a significant amount of buying recently, a sign that could be bullish for LTC’s price. Litecoin Whales Have Added Big To Their Holdings Recently As explained by analyst Ali Martinez in a new post on X, the LTC whales have been busy buying during the last […]
Bitcoin whales sold the highest amount of BTC since March, which is a bullish sign for BTC price based on previous market cycles. The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In the past cycles, the dominant cryptocurrency typically rallied after a sell-off from whales.On March 12, for instance, the All Exchanges Inflow Mean (MA7) indicator hit 3. At the time, BTC declined to as low as $3,596 on BitMEX after seeing cascading liquidations.Since then, the MA7 has never increased above 1.7. On Nov. 11, for the first time....