Category: Whales

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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Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016

October 26, 2020

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Oct 26, 2020 at 12:19 UTCUpdated Oct 26, 2020 at 13:23 UTC Killer whales (Bryan Goff/Unsplash) Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016 The number of bitcoin “whales” – large investors with an ability to influence market trends – has jumped to four-year highs alongside the recent price rally. As of Sunday, […]

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