Bitcoin whale selling jumps while BTC price holds $60K and buyers snap up supply
Demand is keeping up with increasing activity from whales this week, the latest data confirms. Bitcoin (BTC) is still seeing a supply squeeze despite a significant uptick in whale selling on exchanges this week.As confirmed by on-chain monitoring resource CryptoQuant on Nov. 5, whales have accounted for the vast majority of selling pressure in recent days.Whale coins find a new homeA familiar event but with curious timing — large-volume holders are "dumping" BTC on the market, but at or near April's all-time highs.Despite seemingly unanimous consensus among traders and analysts that the....
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The Ethereum price has jumped back above $2,100 despite broader market volatility, driven by aggressive whale accumulation and tightening supply. However, recent updates reveal that whales are now selling their ETH, likely taking profit after prices recovered slightly. The key question now is whether this increased selling pressure could trigger a decline in Ethereum, potentially pushing its price back below $2,000 once again. ETH Faces Heavy Selling From Whales After recording massive accumulations just last week, crypto whales are now back to selling ETH. A new report released on X by....
On-chain data shows Pepe is among the cryptocurrencies that have seen the largest week-over-week increases in the Whale Transaction Count. Pepe Whale Transaction Count Has Witnessed A 61% Jump In a new post on X, on-chain analytics firm Santiment has shared the top 10 list of digital assets that have seen the largest jumps in […]
The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops. Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.A rising Whale Supply Shock reading indicates a higher degree of....
Shiba Inu whales are on the move again, sparking speculations on what they expect from the meme coin. One whale, in particular, has caught the attention of the SHIB community following a massive withdrawal from the popular crypto and stock trading exchange Robinhood. Whale Pulls Out Almost $40 Million From Robinhood The Shiba Inu whale transactions that have got tongues wagging were first picked up on June 20 by the on-chain whale tracking platform Whale Alert. According to the report, the whale had removed a total of 2,2 billion SHIB from the exchange, which was worth approximately $40....
XRP is undoubtedly home to more whale addresses than many would expect, with supply data even showing an interesting concentration among these whale wallets. An XRP proponent named Chad Steingraber recently highlighted this phenomenon on social media. According to the supply distribution, XRP is on track to develop a supply crunch in the near future, […]