Bitcoin Witnesses Historic Whale Exodus: What You Need To Know
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Bitcoin whales are witnessing a historic exodus. @CryptoVizArt, a senior researcher at Glassnode has shed light on the significant shifts within the whale cohort in a new analysis. Bitcoin Whales’ Impact: Unveiling The Numbers In a remarkable revelation, the research highlights the substantial impact of whales on recent market activity. According to the data, “34% of sell pressure in the last 30 day was from Binance whales.” These influential entities have been instrumental in shaping the recent market dynamics. Moreover, the research also highlights a trend in whale behavior: a noteworthy decline in the total balance of whale entities on
On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price. Average Bitcoin Whale Is Holding Just 488 BTC Now In a new post on X, on-chain analytics firm Glassnode has discussed about the…
Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the…
TL;DR After weeks of consistent accumulation, Ethereum whales have changed the tune and have offloaded massive quantities of the second-largest cryptocurrency. With the overall weak market sentiment as of late, the question now arises whether the asset will fall toward and below the crucial $4,000 support. Whales Sell, Some Buy…