Whales Dump 115,000 BTC in Largest Distribution Since 2022: Is a Crash Looming?
Bitcoin (BTC) is facing heightened volatility after whales unloaded between 112,000 and 115,000 BTC, valued at nearly $12.7 billion, in August. According to on-chain data from CryptoQuant, this represents the largest whale distribution since July 2022, adding significant selling pressure to the market. Related Reading: Bitcoin Premium Bubble Has Burst — NYDIG Says The Signal […]
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Shiba Inu is reeling from a sharp price crash, with on-chain data pointing to massive selling by large holders (whales) as the culprit. Over the past week, SHIB’s market value has dropped significantly alongside the rest of the industry, erasing recent gains and testing key support levels. The exodus of Shiba Inu whales has not […]
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....
The Ethereum whales have been bullish on FTX Token for a while. The token had even successfully taken over as the largest holding by dollar value for the top Ethereum whales. However, this would quickly change during the market crash as other better performing tokens had taken over. This would prove to be only short-lived […]
The XRP price has seen a sharp rally of over 39% in the past week as on-chain data shows the sharks and whales have been busy accumulating. XRP Sharks & Whales Now Carry Over 85% Of The Entire Supply According to data from the on-chain analytics firm Santiment, large XRP investors have been participating in buying for a while now. The indicator of relevance here is the “Supply Distribution,” which keeps track of the total amount of supply that a particular wallet group is currently holding. Related Reading: Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold The....
On-chain data suggests Bitcoin whales who accumulated during the June crash have continued to hold strong so far. Bitcoin Sum Coin Age Distribution Shows Strong Accumulation Around $18k As pointed out by an analyst in a CryptoQuant post, the $18k level has been getting support from the whales as they have made spot purchases at this mark. The relevant indicator here is the “Sum Coin Age Distribution,” which tells us about the amounts the different Bitcoin investor groups are holding in their wallets right now. These groups are based on the idea of “coin age,” a....