Addresses holding between 100 and 1,000 BTC have shown remarkable resilience amid recent market volatility. Over the past few months, these addresses have been steadily accumulating Bitcoin and now control 20.3% of the total circulating supply. This consistent accumulation highlights a strong belief in Bitcoin’s long-term value among significant holders. […]
Tag: ETF
Bitcoin Market Update: Bullish Sentiment Amidst Potential Downturn And Whale Activity
Bitcoin traders on Binance are showing a slight bullish inclination, with 51.79% currently holding long positions on $BTC. However, caution is in the air as a recent observation on Bitcoin’s two-month chart by analyst Ali Martinez highlights a potential trend reversal. The Stochastic RSI has shifted from bullish to bearish, […]
Bitcoin Bull Market Roars Back To Life: Key Levels To Watch
The Bitcoin bull market is officially back on track, according to the IFP index. On lower time frames, Bitcoin appears to be trading within a parallel channel, setting the stage for a potential price swing. The #Bitcoin bull market is officially back on, according to the IFP index! pic.twitter.com/oiTf00pwFL — […]
Bitcoin’s Market Dynamics: Large Wallets Shift To Accumulation Amid Inflation Data
Since Bitcoin’s all-time high (ATH) in March, the cryptocurrency market has seen significant supply distribution across all wallet sizes. However, recent trends indicate a shift, particularly among the largest wallets—often linked to exchange-traded funds (ETFs)—which are now returning to accumulation mode. This trend reversal suggests growing confidence among major holders. […]
Bitcoin Surges Beyond $62.6K In Just Three Days, Leaving Traders Scrambling
Bitcoin made a remarkable leap, briefly soaring past $62.6K—a staggering 25% increase in just over three days. This unexpected surge caught many average traders off guard, highlighting the volatile nature of the cryptocurrency market. As excitement builds, some investors are now eyeing potential price targets of $70K to $75K for […]
Bitcoin Faces Major Drawdown Amid Market Sell-Off And Whale Accumulation
August has proven to be an exceptionally eventful month for both equity and digital asset markets, marked by a significant market sell-off triggered by a “correlation-1” event. Bitcoin has been no exception, experiencing its largest drawdown of the current cycle, leading to capitulation among short-term holders. August has already been […]
BITCOIN PRICE ANALYSIS & PREDICTION (August 5) – BTC Dumps To $49k Amid Crypto Bloodbath, Recovers Slightly But Still Looks Weak
Losing 25% of its value in a week, Bitcoin recorded its biggest fall since it started correcting in March and dipped under the controversial $50k level today. Due to this, several altcoins have rolled back their bottoms. For the first time in six months, Bitcoin tested a low of $49k […]
Bitcoin Faces Critical Levels Amidst Market Volatility
Bitcoin’s brief dip below $50,000 coincided with the highest weekly trading volume (~$99B) since the November 2022 FTX collapse. Bullish trader sentiment leading up to this crash has pushed the average returns of BTC wallets active in the past 30 days to their lowest point in 26 months. 📊 Bitcoin's […]
Bitcoin Market Turbulence: Bulls Liquidated, Bears On Edge
Bitcoin’s recent downturn has left many bulls reeling. Data from @coinglass_com reveals that over $2.50 billion in leveraged long positions were liquidated as BTC fell below $63,000. A bunch of #Bitcoin bulls got rekt in this downswing. According to data from @coinglass_com, over $2.50 billion in leveraged long positions got […]
Bitcoin Faces Volatility Amid Rising Transaction Activity And Key Developments
As Bitcoin hovers just above $66,000, notable activity is observed in the transfer of unique tokens between wallets. Recently, 244,000 BTC were circulated in a single day, marking the highest level since March 5th. This uptick in Bitcoin activity suggests a gradual return of utility to levels last seen during […]
Bitcoin Rebounds As Whale Accumulation And Government Moves Boost Market Activity
Bitcoin experienced a significant decline in new addresses at the beginning of June, reaching multi-year lows. However, this trend has reversed, with daily new addresses increasing by 35% since that low point, signaling renewed interest in the cryptocurrency. Bitcoin saw a significant dip in new addresses at the beginning of […]
BITCOIN PRICE ANALYSIS & PREDICTION (July 29) – BTC Sees 20% Monthly Increase Near $70k, Set To Break Out Of Channel
After a short pullback last week, Bitcoin found support and resurged near a crucial resistance overnight with a 3% gain. It is currently on the verge of breaking out of a channel, poising for a massive run. Bitcoin has continued to take the bears by surprise with the latest price […]
Bitcoin’s Exponential Gains And Market Dynamics: A Closer Look
Bitcoin has historically exhibited exponential gains during bull cycles, although each cycle has also seen significant drawdowns. The current upward momentum is driven by the anticipated approval and influence of spot ETFs, which are expected to bring more investors into the market. New inflows haven't even started yet “Bitcoin's upward […]
Bitcoin Accumulation Phase Signals Potential Rebound
Bitcoin is currently in an accumulation phase, with significant activity suggesting strong potential for a rebound. Over the past month, 358,000 BTC has shifted to permanent holder addresses, reflecting a long-term bullish sentiment among large investors. In July alone, global spot ETF inflows amounted to 53,000 BTC, indicating substantial institutional […]
Whale Activity And ETF Movements Signal Turbulence In Ethereum Market
A significant whale with a staggering $173 million profit from Ethereum recently deposited 10,000 ETH, worth $34.2 million, to Kraken just hours before the price of Ethereum plunged. This whale’s strategic moves are noteworthy: – Withdrawals: In August and September 2022, the whale withdrew 96,639 ETH from Coinbase at an […]
US Government aynd Mt. Gox Move Large Amounts Of BTC As Market Shows Mixed Reactions
The US government has recently deposited 58.74 BTC, valued at approximately $3.96 million, into Coinbase Prime. In 2024 alone, the US government has moved out a total of 6,261 BTC, worth around $392 million, primarily after the Bitcoin price increase in late February. Of this, 5,999 BTC, totaling $376 million, […]
BITCOIN PRICE ANALYSIS & PREDICTION (July 22) – BTC Cuts $1k After Testing A New Price Range, Can It Break Out Of This Channel’s Box?
Following a 30% recovery in the past three weeks, Bitcoin scaled through several key resistance levels to reach a new milestone today. It saw a sharp rejection and is now showing signs of weakness on the day. Adding $5k to its price in a week, Bitcoin reached its highest trading […]
Bitcoin Whales Accumulate 7.9 Million BTC As Miner Holdings Surge
Bitcoin whales, addresses holding 1,000 or more BTC, now possess a staggering 7.9 million BTC, marking a two-year high and representing 40% of the circulating supply. This accumulation trend signals strong confidence among large holders in the future value of Bitcoin. Bitcoin holdings for addresses containing 1,000 or more BTC […]