Selling Storm: Bitcoin Whales Could Drive Prices Down Further, Experts Warn
According to exchange data, inflows to trading venues topped 9,000 Bitcoin on Nov. 21 as prices slid to $80,600 on Coinbase — the weakest showing in seven months. Related Reading: Bitcoin Faces More Downside After Recent Crash, Data Shows Reports show that about 45% of those deposits came in chunks of 100 BTC or more, and on one day large transfers reached 7,000 BTC. The average deposit size in November rose to 1.23 BTC, the largest monthly figure in a year. Those numbers point to more than casual rebalancing; they point to coins being moved where they can be sold. Binance Stablecoins Hit....
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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 […]
A look at Coinbase Pro's BTC price premium suggests that selling is underway on Thursday, as Bitcoin falls 7% in 24 hours. Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower.Coinbase Premium abruptly dropsData from Cointelegraph Markets and TradingView showed BTC/USD continuing its downtrend on Thursday, dropping 7.% on the day and failing to bounce off $33,000 support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewThe latest move, which brings Bitcoin down over 13% versus its highs from....
Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Related Reading: Historic Bitcoin Buy Signal: DXY’s Collapse Signals A Bigger Bull Run Whales and....
There are more bitcoin "whales" than ever, and new data shows how they drive market movements.
Analytics firm CryptoQuant has highlighted how the 365-day trend of the Bitcoin whales signals structural selling pressure from large holders. Bitcoin Whales Have Seen A Large Negative Yearly Netflow In a new post on X, CryptoQuant has discussed the latest trend in the yearly netflow of the Bitcoin whales, who are investors carrying between 1,000 […]