A Decrease In Bitcoin Whales Suggests A Bear Market Is Due
Bitcoin price is sinking slowly from highs set over a week ago now, and bullish momentum is showing signs of waning. The peak of the bull market isn’t expected by most analysts for some time, however, a sizable reduction in BTC wallets with a balance of 1K or more coins, could be signaling a bear market is coming sooner than they expect. Here’s what past history says about this type of whale behavior, and what […]
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Ethereum crumbled with the market during the last crash and is yet to recover to previous levels. The crash was characterized by sell-offs and liquidations from all angles, which continued even when the price dumped further. Fear of a bear market sparked this as investors wanted to get out before the price fell further. But not everyone followed this trend of dumping. Whales have always been known to move differently from smaller investors when it comes to the crypto market and this time was no different. While investors panic sold their holdings at low prices, these whales quietly gobbled....
With the bear market coming into full bloom, Ethereum whales are stacking up their holdings. However, there has been some deviation from the norm as new coins seem to have caught the fancy of these large investors. With meme coins continuing to make whales, the top 100 Ethereum whales remain bullish on them. The result […]
Crypto whales all across the board have been seemingly taking more conservative positions in stablecoins since the bear market started. This has evolved into larger holdings in dollar-pegged cryptocurrencies which have very low volatility. These digital assets have since become a safe haven for investors who are looking to escape highly volatile tokens but still keep their funds in the crypto market. Crypto Whales Move To Stablecoins Usually, there has been a marked increase in the stablecoin holdings of the top Ethereum whales but this trend of moving into stablecoins seems to not be....
FTX Token has now become the largest token holding among the top 100 Ethereum whales, second only to their ETH holdings. These whales have always been bullish on the cryptocurrency but have mainly ramped up their holdings in the past few months. The pattern of accumulation suggests that these whales are moving out of favorites […]
Whale selling pressure is too great to preserve the bull market for now, one warning says, while similarities to 2017 provide a silver lining for hodlers. Bitcoin (BTC) is "confirming" a bear market because whales are still sending large amounts of BTC to exchanges.That's according to Ki Young Ju, CEO of on-chain analytics service CryptoQuant, who on June 21 warned over the "very uncertain" current state of Bitcoin. Too many whales spoil the market?Uploading a chart of the so-called "Whale Capitulation Index," Ki identified the first major spate of whale selling on exchanges since July....