XRP Whales Have Just Set An 8-Year Record, Is This The Start Of The Next Bull...
More of XRP’s supply is being chipped away, as whales continue to accumulate the token, increasing their control of the cryptocurrency. According to new reports from on-chain analytics platform Santiment, Whales are currently holding over 450 billion coins, setting a record 8-year high. With more tokens being swallowed up by this group of investors, speculation […]
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On-chain data shows Ethereum whales have sold around 12 million in the cryptocurrency within the past year and have shown no signs of slowing down. Ethereum Whale Holdings Have Been In Constant Downtrend Since 2020 In a new post on X, analyst James V. Straten has discussed how the Bitcoin and Ethereum whales have shown some stark contrast in their behavior. Here is the chart that the analyst has shared, which compares the trends in the holdings of these humongous holders for the two assets over their entire history: How the holdings of the whales differ between the two cryptocurrencies....
Volatility is the latest indicator to call the start, not the end, of a bull market cycle as 1,000+ BTC wallet numbers spike to new highs. Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high.Data from on-chain analytics resource Glassnode confirms that as of Jan. 20, there were in excess of 2,400 large-balance wallets.Whale wallets hit record highsIn 2021 alone, 164 new 1,000+ BTC entities were created, together controlling around $6 billion. While these may not all denote whales increasing....
Whales have not stopped accumulating bitcoin. Current trend patterns suggest that bitcoin whales who hold between 100 to 1,000 BTC remain very bullish on the digital asset’s prospects. The slow month of September had seen the asset suffer dips and crashes which brought the price down to the $40K trading range. However, whales had used this as an opportunity to increase their holdings at a low price. Bitcoin wallets holding between 100 and 1,000 had continued to add to their balance and by the end of September, these wallets had accumulated a collective total of 85.7K BTC. In today’s....
Bitcoin has fallen sharply over the past 30 days, falling from a record high of 109k to a low of 77k this week, a level that was last seen in November last year. This puts losses at almost 30%. Many investors fear a bear market, which is typically measured by a drop of 20% from a recent high in stock indices. However, a 30% decline in crypto doesn’t automatically mean that it has entered a bear market, given the high levels of volatility that are often seen in crypto pricing, and an even deeper selloff could still be on the cards. But these corrections are very normal in Bitcoin’s bull....
Ethereum whales remain some of the biggest supporters of SHIB. These whales have continuously purchased the meme coin in large quantities through the bull and bear trends. They own some of the largest shares of the digital asset, most of which they have been holding on to for quite some time. Recently, these whales have […]