Bitcoin Sees Wave Of Whale Capitulation, And New Entrants Are Leading The Sel...
As the market recovers, Bitcoin appears to be displaying renewed bullish strength following several weeks of heightened volatility that caused its price to fall below the $100,000 mark. During this downward trend, many new BTC whales or large holders experienced notable losses, triggering a massive wave of capitulation among these key investors. New Bitcoin Whales […]
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Amid distribution by the "giant" whales of Bitcoin, data shows that smaller ones are still resisting the urge to sell. Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests.In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior.Small whale selling should spark "absolute capitulation"Amid widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of $23,800, some of Bitcoin's largest holders are showing signs of....
Bitcoin price has been ticking sideways in a narrow range for days. The more time passes the more uncertain the next move becomes. These are market conditions that should not be traded, and for those that must, namely CoinCompetition entrants, its no mean feat. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h57 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The advancing wave in the center of the....
The crypto market has now seen a much-needed recovery after weeks of flat market prices. Most digital assets in the space are currently in the green and Ethereum is no different. The second-largest cryptocurrency by market cap is up by more than 14% in the last 24 hours, plunging more investors into profit. Just like everyone else, a dormant whale has roused from their sleep to benefit from the current market recovery. Ethereum Whale Wakes Up Through the recovery that has rocked the crypto market, none has been more interesting than the ETH whale that has roused after more than 6 years of....
The recent surge in interest and adoption of digital assets has catalyzed a shift in the financial landscape, leading to a wave of successful crypto initial public offerings (IPOs). With three notable debuts on the horizon, the trend is gaining traction, driven by the impressive performance of recent market entrants. Crypto IPO Boom In the […]
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....