Bitcoin Price Suffers From Significant Coinbase Selling Activity – Largest Si...
Bitcoin has faced a significant correction, dropping 15% from its all-time high of $108,300. This price decline marks a sharp shift in market sentiment, which has quickly transitioned from an extremely bullish outlook to one of uncertainty and caution. As altcoins experience heavy losses, Bitcoin’s correction has raised concerns about the sustainability of the recent […]
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Solana (SOL) investors are witnessing rising volatility as a surge in whale activity signals deadly selling pressure in the market. Despite a strong rally above $250 earlier in September, market sentiment appears to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds ahead. Most recently, a staggering 312,233 SOL tokens were deposited into Coinbase, fueling concerns that whales may be positioning for significant profit-taking. Solana Whale Deposits Signal Rising Selling Pressure Blockchain tracker Whale Alert reported one of the largest Solana....
Historically, the Bitcoin price is an indicator of the blockchain’s health, with high activity often correlating with strong and positive price action. However, the largest cryptocurrency market seems to have witnessed a significant shift, with prices now less responsive to changes in on-chain activity. For instance, the Bitcoin price continues to hold above $95,000 and […]
Bitcoin whales are selling while buyers in the U.S. are accumulating, who will get the upper hand, and where will BTC’s price go next? The price of Bitcoin (BTC) achieved a new all-time high above $42,000 on Jan. 8, surging by 9% in merely three hours. At the time, there was a high premium on Coinbase, which meant U.S. buyers drove up the market by aggressively accumulating BTC. But, there is continuous selling pressure coming from Asia, particularly from South Korea.Bitcoin corrected sharply after rising to $42,000, declining by over 7% in about eight hours. The sell-off coincided with....
XRP, the fifth-largest cryptocurrency in the market, has entered a phase of macro consolidation following a significant decline that began on July 20. This consolidation has maintained the token’s price within a range of $0.4858 and $0.5505, before Ripple Labs’ legal victory against the US Securities and Exchange Commission on July 13. XRP Consolidation Continues Despite Strong Trading Activity According to insights from crypto market data provider Kaiko, XRP demonstrated extreme trade volume during the summer. XRP’s average trade volume in the previous month reached....
In the last week, multiple miner wallets dormant from the Satoshi era transferred out a significant amount of Bitcoin (BTC). Generally, when miners sell their Bitcoin, especially in a significant proportion, it can induce selling pressure leading to a price drop. However, despite recent miner selling activity, BTC rallied by over 7% hitting a top […]