Category: Whales

‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days

June 17, 2021

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Whales appear to be accumulating in anticipation of higher prices, with “millionaire” wallets increasing their holdings by 90,000 BTC in just 25 days. 4912 Total views 11 Total shares Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified by crypto […]

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Whales scooped up $5.5B in Bitcoin as BTC price dropped below $36K

May 21, 2021

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The stream of negative regulatory news concerning Bitcoin (BTC) and cryptocurrencies has been nonstop over the past couple of weeks.  Today’s FUD — fear, uncertainty and doubt — news that failed to cite any actions and merely refreshes old information from China. A statement from the Chinese government revealed plans to “crack down on Bitcoin […]

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5 key reasons why Bitcoin will likely see new all-time highs soon

April 7, 2021

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The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may […]

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Bitcoin uptrend not over: Big whales aren’t selling BTC, data shows

March 22, 2021

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The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. This trend coincides with strengthening on-chain fundamentals, such as whale and address activity. Since the Bitcoin rally began to accelerate in November 2020, the seven-day average active address has increased in tandem. A pseudonymous […]

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Bitcoin whales ‘bought the dip’ as orders for $100K or more hit all-time highs

March 9, 2021

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There’s no shortage of demand for Bitcoin, even at $50,000, as big buyers dwarf smallholders in the latest stage of the bull run. 28570 Total views 166 Total shares Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests. In an update on March […]

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Bitcoin’s ‘Elon Musk pump’ rally to $48K was exclusively driven by whales

February 10, 2021

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Bitcoin whales drove the rally to $48,000 and are aggressively buying, Binance exchange data shows. 15850 Total views 38 Total shares The price of Bitcoin (BTC) rallied to above $48,000 on Feb. 9, and has been consolidating since. Analysts from Material Indicators found that whales were the primary driver of the rally. This is largely […]

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Institutions Keep Buying Bitcoin’s Dip, Despite Near-term Volatility: Data

January 22, 2021

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Institutions and “whales” have continued their bitcoin purchases, on-chain data shows. (Paola Ocaranza/Unsplash) Jan 22, 2021 at 7:00 p.m. UTC Institutions Keep Buying Bitcoin’s Dip, Despite Near-term Volatility: Data Bitcoin’s price has been on a roller coaster this week, erasing almost all of its 2021’s gains on Thursday. Yet, according to on-chain data, institutions have […]

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Whale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: Analyst

December 28, 2020

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Dec 28, 2020 at 4:16 p.m. UTC CoinDesk 20 Bitcoin Price Index Whale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: Analyst A lack of whales with bitcoin (BTC) aplenty to sell may be clearing the way for the price of the leading cryptocurrency to rise further, according to CryptoQuant Chief Executive Ki Young Ju. […]

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Bitcoin whale clusters pinpoint $18.6K as key short-term resistance

December 12, 2020

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The price of Bitcoin (BTC) has started to recover on Dec. 12 after briefly dropping below $17,700 yesterday. Whale clusters show that the $18,600 level remains the biggest short-term roadblock for BTC. Whale clusters form at a price point where whales accumulate Bitcoin and do not move their holdings. Since whales are more likely to […]

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Bitcoin Whales Buy Low, Sell High; Retail Investors Chase Rallies: Data

December 11, 2020

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Dec 11, 2020 at 12:00 p.m. UTCUpdated Dec 11, 2020 at 3:07 p.m. UTC Data indicates bitcoin “whales” have been making profits throughout 2020.(Bryan Goff/Unsplash) Bitcoin Whales Buy Low, Sell High; Retail Investors Chase Rallies: Data Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or […]

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