Bitcoin Newbie Whales Now Sitting On $6.9 Billion In Losses, Most Since 2023
On-chain data shows the recent bearish Bitcoin price action has put the network’s short-term holder whales into a significant unrealized loss. New Bitcoin Whales Have Dived Underwater In a new post on X, on-chain analytics firm CryptoQuant has discussed about the latest trend in the profit-loss situation of the short-term holder Bitcoin whales. The “short-term holders” (STHs) broadly refer to the BTC investors who purchased their coins within the past 155 days. Related Reading: Chainlink To $100? Analyst Says This Breakout Could Be The Trigger The STH whales (or....
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On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows. XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens. Related Reading:....
Tellor (TRB), a decentralized oracle protocol and Chainlink alternative, has been a top performer in the past few months. Looking at price action, TRB is up 640% in 2023, surging 269% in the past month alone and reversing losses of 2022. A spike in trading volume is behind this resurgence, suggesting bull engagement. TRB Prices Rallying, Reverses 2022 Losses With TRB galloping past $44 and 2022 highs, the token has outpaced some of the top coins in the sphere, including XRP and Bitcoin (BTC). For context, Bitcoin is struggling to break above $30,000. On the other hand, XRP has reversed all....
On-chain data shows the short-term holder Bitcoin whales have recently increased their Realized Cap share to the highest level ever. Bitcoin Is Currently Being Dominated By New Capital In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the share of the Bitcoin whale Realized Cap held by the short-term holders. The Realized Cap here is an on-chain indicator that measures, in short, the total amount of capital that the BTC investors as a whole have put into the cryptocurrency. Changes in this metric reflect the incoming or outgoing of capital.....
After rallying over 170% from June 2023 lows, there are signs that Maker (MKR) bulls are losing momentum, looking at price action and decisions by various whales acting via an intermediary. At spot rates, MKR is changing hands at near 2023 highs but is down 16% from October highs. Maker (MKR) Is Selling Off: The Bull Run Is Over? MKR is dumping at an unexpectedly faster pace, reversing gains posted in early Q4 2023, a concern. According to The Data Nerd, Falcon X sent 5,690 MKR worth $8.52 million to multiple exchanges, mainly OKX and Binance, at an average price of $1,497. Typically,....