HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges
HYPE is trading above $60 despite the recent market selloff that has dragged most crypto assets to significant losses over the past several days. The relative strength is notable — but Arkham Intelligence data has revealed a series of institutional-scale transactions in the past several hours that transform the price resilience from an interesting observation into a documented behavioral signal. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels Three new wallets withdrew a combined 557,406 HYPE tokens worth approximately $40.2 million from Kraken....
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Avoiding fallout from positions “putting in a local bottom” has been standard practice for prior BTC price bottoms, one analyst shows. Bitcoin (BTC) whales are betting on a rebound as fresh data shows “classic” bottom behavior.According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month.Analyst: Whales protectin positions “forming a local bottom”As BTC/USD hit its lowest levels since the end of June, whales were responding kind.In one of its Quicktake market updates posted on Sept. 7, CryptoQuant analyst Maartunn....
Bitcoin price has been in a steady uptrend for months now, but a sudden sharp selloff turned the crypto market into a sea of red today. Ahead of the market turning red, a whale was spotted moving a substantial amount of BTC to a popular cryptocurrency exchange, taking reserves to the highest level all year. Since the deposit was made, nearly 20% has been taken off the price of the leading cryptocurrency by market cap. […]
Bullish sentiment towards Hyperliquid is again on the rise, with crypto whales accumulating the perp DEX token. The first HYPE ETF in the U.S. could launch soon, which is also contributing to this bullish sentiment. Why Bullish Sentiment Towards Hyperliquid Is On The Rise Crypto whales are again massively accumulating Hyperliquid, which has sparked the bullish sentiment towards the perp DEX token. In an X post, on-chain analytics platform Lookonchain revealed that BitMEX co-founder Arthur Hayes bought 26,022 HYPE, worth $1.1 million again, after nearly 3 months. Related Reading: Here’s....
Why should I withdraw my bitcoin from an exchange?If you have to ask permission to use what’s yours, it’s not truly yours. Have you ever heard the phrase “Not your keys, not your coins”? It’s true. If you do not withdraw, and hold your bitcoin private keys, you are not in control of your own money. ...
Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be....