Whale Accumulation Points to Bitcoin Gains, But Here’s Why Investors Should S...
Bitcoin price movements often correlate with large-scale investors’ actions, commonly called “whales.” These individuals or entities hold between 1,000 and 10,000 BTC, and their trading behavior is a critical indicator of market trends. With that being said, recent data indicates that these whales have been increasing their Bitcoin holdings, which has fuelled momentum in the Bitcoin market thereby capturing the interest of more investors. Related Reading: Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why BTC Whales Continue Accumulation: Implications and....
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Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price. These speculations have led to theories […]
Over the last few weeks, there has been a clear accumulation trend among Ethereum holders. ETH had spilled out of exchanges at a high rate, following the same movement of BTC out of exchanges. The volume of ETH pointed toward whales taking large positions in the digital asset. The result of their accumulation is now […]
Ethereum has gained a few percent since the lows of last week. The coin currently trades for $380 but peaked earlier today at $385. This price action has been underscored by reports that mass Ethereum accumulation has been taking place. Leading crypto analytics firm Santiment reports that ETH is leaving exchange wallets en-masse, suggesting accumulation and long-term confidence. The firm recently wrote: “ETH’s top 10 whale exchange addresses have continued swapping their funds to non-exchange […]
XRP is gaining prominence in the cryptocurrency market, propelled by a substantial purchasing surge from major investors referred to as whales. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Within a single week, these whales have amassed over $526 million in XRP, representing the most significant accumulation in nearly three years. The increase in purchasing activity follows XRP’s price surpassing the $1 threshold for the first time since 2021, igniting increased interest and hope among investors. Whale Activity Indicates Assurance About....
Whale clusters show three critical support levels Bitcoin must protect in order to see a larger rally in the near term. Bitcoin (BTC) whale clusters point toward three critical price levels to maintain a bullish market structure in the near term.Whale clusters form when large investors purchase Bitcoin and do not move it, making it an unspent transaction. These clusters typically indicate where crucial support levels exist and the logic is that BTC needs to maintain this level to see a prolonged rally.According to data from Whalemap, the three important support levels marked by whales are....