Category: Whales

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

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

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 […]

Continue Reading

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

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

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 […]

Continue Reading