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Whales Market(WHALES)

$2.34

31.92%

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Released on 05 Feb 2024
Crypto PM
Crypto PM
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Whales are Entering the Cryptocurrency Market “In bull markets, after a significant influx of institutional investors, new individual investors enter the market, marking the end of the bull run.” –  #Whale.Alert #bullmarket

4 days ago
Laxfed Paulacy
Laxfed Paulacy
Is This the Next Overhyped Cryptocurrency Favored by Shiba Inu and Dogecoin Whales?
4 days ago
Olivia Cryptocat
Olivia Cryptocat
followers

Solana (SOL) Whales Make Waves in Crypto Market In a surprising development, Solana (SOL) whales have made a significant impact on the cryptocurrency market. This major move, coupled with Solana's soaring Total Value Locked (TVL), is shaping the future of this dynamic cryptocurrency. As a leading public blockchain, Solana has been gaining traction in various sectors, including algorithmic stablecoins, NFTs, and GameFi. These strategic whale activities could potentially signal new trends for SOL amidst market fluctuations. Keep an eye on Solana and its developments as it continues to make waves in the ever-evolving crypto landscape.

3 days ago
Crypto Ahmet
Crypto Ahmet
followers

🔥💥Dogecoin: How High Could DOGE Rise in March 2024? #Dogecoin (DOGE) backers and investors are closely observing the asset's behavior as March 2024 progresses. DOGE is currently having difficulty maintaining its position above the $0.08 level after a 10% drop on February 21, and encourages market participants to closely analyze its course in the coming weeks. Despite this recent Deceleration, data from on-chain sources show that large-scale investors, popularly known as "whales", continue to accumulate significant amounts of DOGE, showing an unshakeable belief in the long-term viability of the coin, despite short-term fluctuations. . Currently, DOGE is trading at $ 0.08516, indicating a modest increase of 1% in its daily value. Predicting the Trajectory of Dogecoin Changelly's technical analysis provides information about the expected course of Dogecoin prices throughout 2024. According to their estimates, the expected lower limit of the Dogecoin value is estimated to be $0.0719. But the upper limit could potentially reach $0.0807. The average transaction price is estimated to be around $0.0896. This offers a glimpse of the DOGE's potential price December in the coming months. March 2024 Forecasts Cryptocurrency experts are preparing to announce their forecasts specific to Dogecoin's price movements in March 2024. Initial assessments indicate that the minimum expected transaction value for DOGE during this period may fall to around $ 0.0742, while there is a possibility of reaching a maximum of $ 0.0847. Analysts on average predict that the value of Dogecoin will stabilize at about $ 0.0794 during the month of March. Managing Market Volatility Although these forecasts provide valuable information for investors, it is imperative to approach them carefully due to the inherent volatility of the cryptocurrency market. The valuation of #DOGE can be influenced by a large number of factors, including market sentiment, regulatory changes and broader economic indicators. #Write2Earn #binance #elonMusk

3 days ago
The next bull run
The next bull run
followers

🚨🚨🚨Why everyone gets scared to buy higher valued coin including me when I started? I regret everyday for not selecting Bitcoin and Ethereum instead of I selected Shibainu. I feel so shame on myself. If i had invested same on Ethereum I would have been billionaire by now. 🚑So, please try to understand that only the creators, politicians, Whales, Bug shots and influencers only will earn on meme coins. For normal people like us, only the standard coins can only make us rich instead of loosing everything by scam coins. So, 30% on $ETH Ethereum, 20% on $ADA Cardano , 10% on XRP $XRP , 10% on Solana, 15% on BNB because no other exchange can cross binance what ever it is. Remaining 15% , the most famous meme coin Doge 5% and 10% on Tron I will give you some reason which I know: 🚑1. Risk of loss: Higher-valued cryptocurrencies often come with higher price volatility. People may be scared of losing a large amount of money if the price of the cryptocurrency suddenly drops. 🏎️2. Fear of Missing Out (FOMO) Some individuals might be scared to buy higher-valued cryptocurrencies because they fear that they have already missed the opportunity to make significant gains. They may worry that the price could crash soon after they invest. 🚜3. Lack of Understanding : Investing in cryptocurrencies, especially higher-valued ones, can be complex and confusing. Some people may feel scared to buy these assets because they don't fully understand how they work or the factors that can influence their price movements. 🚲5. Psychological Factors : People's emotions and psychological biases can also play a significant role in their decision-making when it comes to investing. Fear, uncertainty, and doubt (FUD) can lead individuals to avoid buying higher-valued cryptocurrencies. Part 1 #ETH #xrpbullish #ADAAnalysis #Tron #Write2Earn

3 days ago
Crypto Daily™
Crypto Daily™
followers

Solana (SOL) recently saw significant activity from big-time investors who were strategically navigating the broader market downturn. On February 20, two Solana whales executed large-scale transactions, transferring a combined total of $115 million in SOL to the centralized exchanges BNB and Coinbase. The transactions, involving 712,000 and 372,999 SOL tokens, were quickly spotted by crypto whale-watching agencies. This move came as Solana (SOL) price experienced a dip, aligning with the wider crypto market's cooldown. Despite the market's challenging times, Solana's (SOL) trading volume soared beyond $3 billion, with its liquidity closely matched between buys and sells, showcasing the community's active engagement and resilience. The transfer of a substantial amount of SOL to Coinbase and BNB could suggest a readiness among some of the largest Solana (SOL) holders to cash out or diversify into other cryptocurrencies amidst fluctuating market conditions. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Solana (SOL) Witnesses Major Whale Activity and TVL Milestone Amid Market Fluctuations Despite the market-wide cooldown, Solana's (SOL) significant whale transactions and a notable milestone in its Total Value Locked (TVL) showed its underlying strengths and potential shifts in investor sentiment towards. Solana (SOL) whales made a bold move by transferring a staggering $115 million worth of SOL to two of the largest centralized exchanges, BNB and Coinbase. The transactions involved massive amounts of SOL tokens, with one whale moving 712,000 SOL to Coinbase and another transferring 372,999 SOL to BNB, and affected Solana's (SOL) daily trading volume, which exceeded $3 billion as buys matched pending bids. Big-league investors acted amidst a dip in Solana's (SOL) price, which sparked speculation about their real intentions. The timing and scale of whale transactions suggest a strategic play with the goal of capitalizing on the current price range or reallocating investment portfolios. While the true motives are being speculated, the market is closely watching whale moves to understand potential implications on Solana's (SOL) price and liquidity. Despite a recent decline in Solana (SOL) price, which has seen a 7% decrease over the past three days, the network's fundamentals appear strong. On a positive note, Solana's (SOL) TVL reached a new milestone, hitting $2 billion for the first time in over a year. This marked a significant recovery from the lows post-FTX collapse, fueled by renewed confidence in Solana's (SOL) ecosystem. However, the TVL has slightly retracted to around $1.9 billion since then, raising questions about the sustainability of this growth. The recent whale activity and TVL milestone are critical factors that could influence Solana's (SOL) price trajectory. While the immediate market reaction was mixed, these developments could have longer-term implications that are quite positive. The influx of substantial funds into exchanges and the achievement of a significant TVL milestone highlighted both the liquidity in the market for Solana (SOL) and the growing utility and adoption of the Solana (SOL) ecosystem. So given the current market dynamics and Solana (SOL) fundamentals, it's plausible to anticipate some volatility in the short term as the market digests these developments. But the increased investor activity and interest in Solana (SOL) provides a foundation for price stabilization and potential growth. One needs to monitor market sentiment, whale activity and fundamental indicators like TVL and trading volume to navigate Solana's (SOL) evolving landscape. As of now, predicting the exact future price of Solana (SOL) is challenging due to the volatile nature of the cryptocurrency market. However, the recent whale transactions and the milestone in TVL are likely to play a pivotal role in shaping investor sentiment and market dynamics in the coming weeks. Should the positive trends in TVL and network activity continue, they could counterbalance the current price dip, potentially leading to a gradual recovery in Solana's (SOL) price. Conclusion Solana's (SOL) whale transactions and a notable milestone in TVL underscore the dynamic and speculative nature of the cryptocurrency market. The movement of approximately $115 million worth of SOL to major exchanges like BNB and Coinbase by whales during a market-wide cooldown not only highlights the strategic maneuvers of large-scale investors but also signals potential shifts in market sentiment. Despite the immediate market reaction leading to a slight dip in Solana's (SOL) price, the underlying strength indicated by the surge in daily trading volume and the achievement of a $2 billion TVL milestone for the first time in over a year suggests a growing investor confidence and interest in Solana's (SOL) capabilities and future prospects. So it's evident that Solana's (SOL) network keeps attracting both retail and institutional investors with its innovative blockchain solutions. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

3 days ago
TopCryptoNews
TopCryptoNews
followers

In a recent statement, veteran cryptocurrency analyst Ali Martinez shed light on the behavior of Bitcoin whales and the overall BTC market. According to the analyst, the behavior of crypto whales is currently mixed, with some buying while others selling to take advantage of recent price movements. Martinez, however, sees a clear accumulation trend when focusing on the largest group of whales, those holding between 1,000 and 100,000 BTC. According to the analyst, this pattern is typical for bull markets and indicates a positive outlook among large wallets. According to the analyst, these wallets started buying BTC around $29,000 and accelerated their purchases when the price exceeded $46,000. On the other hand, the TD Sequential indicator, a popular tool used by investors to identify price formations, is showing a sell signal on the Bitcoin 3-day chart, according to Martinez. It is important to note that BTC has experienced a 10% price correction the last two times this indicator gave a bearish signal, according to the analyst. This suggests that the market may still experience short-term volatility as the biggest whales accumulate. $BTC #Write2Earn #BTC

4 days ago
Crypto Daily™
Crypto Daily™
followers

Recently, the cryptocurrency market exhibited signs of consolidation and robust security: Bitcoin surged past the $50,000 mark to stabilize around $52,000, which was an indicator of a strong start to this month. Nonetheless, despite retail traders gradually re-entering with caution, activity tied to spot Bitcoin ETFs remained high, with BlackRock potentially overtaking MicroStrategy and emerging as the BTC largest holder. This period of consolidation coincided with insights from the recent research paper that identified theoretical attacks on Bitcoin and Ethereum's proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms as 'economically unfeasible'. But while the document emphasized that the execution of such assaults had become impractical due to high costs and logistical complexities, the decentralized crypto exchange, Fixedfloat, fell victim to a hack in the broader ecosystem. The DEX consequently lost around $26 million worth of BTC and ETH, which stirred up security concerns within decentralized platforms. Meanwhile, four selected altcoins among other emerging gems from crypto are now attracting attention from investors keen on leveraging opportunities for growth and innovation within sector: they're looking not just buy low but also potentially high return investments – all amidst an evolving backdrop where one can never predict with certainty what might happen next! Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Ethereum (ETH): A Glimpse into Its Market Dynamics and Future Trajectory With the market cap exceeding $3 billion, Ethereum (ETH) successfully avoids the SEC's classification as an unregistered security. The anticipation around Ethereum ETFs, potentially approved later this year, also adds to the positive market sentiment. As of February 2024, Ethereum's price hovered around $3,000, reflecting a resilient recovery and positive market sentiment. Price predictions for Ethereum (ETH) vary widely, with some forecasts suggesting a potential surge to between $3,224 and $17,944 by 2025. This wide range indicates both the optimistic outlook of some investors and the inherent unpredictability of the Ethereum (ETH) market. Ethereum's (ETH) roadmap includes significant network upgrades like Deneb and Cancun, aimed at enhancing scalability and interoperability. The successful implementation of Deneb and Cancun could make Ethereum (ETH) a front-runner in the eyes of developers and users, enhancing its long-term price potential. However, regulatory uncertainties and competition from other blockchains are challenging Ethereum's (ETH) dominance. Arbitrum (ARB): Enhancing Ethereum's Ecosystem Arbitrum (ARB), a layer-2 ()L2 scaling solution for Ethereum (ETH), aims to improve transaction efficiency and reduce costs. Despite experiencing a market downturn in September 2023, Arbitrum (ARB) showed resilience with strategic partnerships and developments bolstering its ecosystem. The integration with The Graph and the anticipation of Arbitrum's (ARB) mainnet launch could affect the price recovery and future growth. Arbitrum's (ARB) value stood at approximately $1.8 in early January 2024, with predictions for 2024 ranging from $2.43 to $4.46. These Arbitrum (ARB) forecasts are cautiously optimistic as altcoin's future is contingent on the successful deployment of its mainnet and further adoption within the Ethereum ecosystem. So the future of Arbitrum (ARB) hinges on its ability to enhance Ethereum's scalability and user experience. With 560 million ARB tokens reserved for future airdrops, Arbitrum (ARB) is poised to incentivize participation and foster a vibrant ecosystem. However, the competitive landscape of L2 solutions and the broader market volatility pose potential threats to Arbitrum (ARB). Optimism (OP): Navigating Highs and Lows Optimism (OP) recently made headlines with its fourth airdrop, distributing $41 million in OP tokens to NFT artists. Despite a near 12% drop from its all-time high, Optimism (OP) initiatives to reward community engagement and foster growth reflected a strategic approach to building its ecosystem. Optimism (OP) price experienced a significant fluctuation, reaching a high of $4.1 before facing a downturn. The Optimism (OP) volatility is another example of how strategic developments can change investor sentiment in the speculative crypto market. Optimism's (OP) trajectory will likely be influenced by its ability to maintain momentum in its airdrop strategy and further integrate with the Ethereum ecosystem. While the potential for growth exists, especially with continued innovation and community engagement, market dynamics and competition from other scaling solutions pose challenges to Optimism's (OP) long-term position. Algorand (ALG): Pioneering Future Finance Algorand (ALG), designed as an "Ethereum Killer," offers a platform for developing decentralized finance (DeFi) applications with higher speeds and efficiency. Despite facing challenges, including a significant price drop after the SEC's allegations, Algorand (ALG) showed resilience as its involvement in the OpenWallet Foundation and the issuance of digital euro on its platform highlighted its potential for diverse applications. With price predictions for 2024 ranging from $0.25 to $0.53, Algorand (ALG) market outlook appears cautiously optimistic. Technological advancements and increased adoption can boost Algorand's (ALG) recovery process and growth potential. If Algorand (ALGO) overcomes regulatory hurdles and capitalizes on its tech innovations, its will probably succeed in the long run. Algorand's (ALGO) move towards a more decentralized architecture and the introduction of consensus incentivization are steps in the right direction. However, Algorand (ALG) needs the market conditions to turn favorable to attract more users and developers. Conclusion Currently, the cryptocurrency market steers through a phase of consolidation and heightened security. This phase is identifiable by Bitcoin's stabilization and Ethereum's resilience against theoretical attacks. The recent hack of the decentralized exchange Fixedfloat accentuates this environment. Investors aiming to capitalize on potential dips are significantly focusing their attention towards advancements in Ethereum's (ETH) L2 solutions like Arbitrum (ARB), Optimism (OP), and Algorand (ALG). The market's dynamic nature stands highlighted by both Ethereum ETFs' awaited launch and other projects' strategic steps to augment their ecosystems via fund generation and community engagement. A broader trend of innovation and growth in the sector manifests through Ethereum (ETH), Arbitrum (ARB), Optimism (OP), and Algorand's (ALG) developments, presenting an opportune landscape for institutional as well as retail investment. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

3 days ago
海绵进化论
海绵进化论
followers

Bitcoin has plummeted below $51,000 over the past day, and here are the potential reasons behind the drop, according to on-chain data. Bitcoin has fallen below the $51,000 level over the past day Bitcoin surged sharply yesterday, hitting $53,000 levels, setting a new high for the year, but the rally was short-lived as the cryptocurrency soon tumbled sharply, all the way back below the $51,000 mark. However, shortly after the plunge, the coin quickly rebounded above $52,000, giving investors hope that the decline might be temporary. However, since then, the asset has fallen again to the same lows, as shown in the chart below. As a result of these red returns, Ethereum has outperformed Bitcoin on both the daily and weekly timeframes (ETH even saw a 5% profit in the late period). However, altcoins still perform much worse than the original cryptocurrency. Now, what's driving this asset's decline? There may be many factors involved, but one of the main reasons may be on-chain development. BTC whales have been involved in massive sell-offs recently As analyst Ali noted in an article on X, BTC whales have sold off heavily recently. A “whale” is defined as an entity holding between 1,000 and 10,000 BTC on the network. Because whales hold such large holdings, they can be influential creatures in the market, and therefore their movements are worth tracking. The chart below shows these massive Bitcoin investments over the past few months

4 days ago
koinmilyoner
koinmilyoner
followers

Despite the fact that Bitcoin has been on an upward trajectory, exceeding $50,000 for the first time in two years, there are still crypto specialists who believe that the currency may be getting ready for a possible drop. Any moment now, Bitcoin may see a decline in value. A new research conducted by Crypto Jelle, a specialist in the field of cryptocurrencies, suggests that Bitcoin may be subjected to a retest in the near future. Through the social media network X (which was previously known as Twitter), Jelle disseminated his most recent forecasts to the thousands of people who follow him. His X article was accompanied with a chart of Bitcoin, which served to illustrate his insights and provide more visual support for his positions. Cryptocurrency The study conducted by Jelle takes into consideration both the present and historical position of Bitcoin, and it has determined that there is a "rising channel." With regard to Bitcoin, he claimed that it has been in this upward channel "over the past six years." To add insult to injury, he emphasized that the cryptocurrency asset is not going to emerge from the "channel anytime soon." According to Crypto Jelle, this is the reason why they anticipate that the price of Bitcoin may see a "retest of the mid-range." Consequently, he has advised investors to become engaged with the token in order to raise prices and prevent the inevitable fall. During the previous six years, Bitcoin has located itself inside this upward channel. At this point, it does not seem that this will be changing any time soon. A reassessment of the mid-range area seems to be warranted at this point in time. Raise it to a greater level. Jelle has also emphasized the possibility that the digital asset would reach a new all-time high, which would be a significant price increase. He brought attention to the fact that today is "one of those days to recall the part of the cycle we are in" in another post that he made on Medium. By highlighting the lower period and the higher timeframe, Jelle has brought attention to the fact that there are two separate timelines around Bitcoin. According to him, Bitcoin's performance in the shorter term seems to be "dog poop." The performance of Bitcoin, on the other hand, seems to be positive in the longer term, which indicates that it may advance to a new price level. It would seem that Jelle is optimistic about Bitcoin by virtue of the fact that he has urged the community to avoid being "shaken out" of the market. Bitcoin Whales Engage in a Massive Sell-Off In spite of the increasing trend, sources have made it clear that Bitcoin whales have been engaged in a huge selling binge. The change that occurred on the X platform on Tuesday was reported by Ali Martinez, a well-known cryptocurrency specialist. Continue reading for more information: Bitcoin Whales Avoid Taking Significant Short Positions and Exhibit Confidence in Price Surge As stated in Martinez's piece, Bitcoin whales may experience a loss of trust associated with the cryptocurrency. During the previous two days, Martinez said that whales had sold more than 30,000 Bitcoins, which are now worth at $1.56 billion. The news has caused quite a commotion in the community, and those who are interested in cryptocurrencies are now wondering what the consequences of the sell-off will be. In spite of this, it is anticipated that this might be a significant development, signifying the beginning of a distribution phase, which could potentially prolong the bearish action that has been occurring in the low period. #BTC #Write2Earn #TrendingTopic

4 days ago
Crypto Breaking
Crypto Breaking
followers

Bitcoin has been on a bullish trend, reaching $50,000 for the first time in two years, but some crypto analysts still anticipate that the token might be gearing up for a potential correction. Bitcoin Could See A Pullback At Any Moment According to the recent analysis by cryptocurrency expert Crypto Jelle, Bitcoin could undergo a retest anytime soon. Jelle shared his latest projections with his thousands of followers on the social media platform X (formerly Twitter). A chart of Bitcoin accompanied his X post to demonstrate his observations and further back up his claims visually. Crypto Jelle’s analysis examines the current and past position of Bitcoin and has identified the presence of a “rising channel.”  He stated that Bitcoin has been in this rising channel “over the past 6 years.” He further pointed out that the crypto asset is not breaking out of the “channel anytime soon.” BTC in a 6-year-long rising channel | Source: Crypto Jelle on X Due to this, Crypto Jelle believes that the price of BTC might witness a “retest of the mid-range.” Thus, he has urged investors to get involved with the token to increase prices and avoid the impending pullback. The post read: Bitcoin has spent the past 6 years inside this rising channel. Doesn’t look like that’s going to change anytime soon. In fact, it seems about time for a retest of the mid-range. Send it higher. Jelle has also underscored the potential for the digital asset to soar higher to a new all-time high. In another X post, he highlighted that today is “one of those days to recall the part of the cycle we are in.” Jelle has underlined two distinct timeframes for Bitcoin, which include the lower timeframe and the higher timeframe. He asserted that in the lower timeframe, BTC’s performance looks like “dog poop.” Meanwhile, in the higher timeframe, BTC’s performance looks promising, suggesting a move to a new price level. Jelle appears bullish on Bitcoin as he has encouraged the community not to be “shaken out” of the market. Massive Sell-Off By BTC Whales Despite the upward momentum, reports have revealed a significant selling spree from BTC whales. Ali Martinez, a well-known crypto analyst, reported Tuesday’s development on the X platform. Per Martinez’s post, Bitcoin whales might lose their confidence in the token. Martinez asserted that whales have sold over 30,000 BTC valued at $1.56 billion in the past 2 days. The report has sent quite a frenzy in the community, leaving crypto enthusiasts to ponder the impact of the sell-off. However, it is believed that this could be a notable development, indicating the start of a distribution phase, which could extend the low timeframe bearish action.  BTC trading at $51,358 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Bitcoin Bulls In Jeopardy? Analyst Sounds Warning Of Possible Retest appeared first on Crypto Breaking News.

4 days ago
Cryptopolitan
Cryptopolitan
followers

In the ever-evolving cryptocurrency landscape, Ethereum has notably surged by over 30% since the dawn of 2024, now hovering around the $3,000 mark. This uptrend in Ethereum’s price has sparked considerable interest, particularly among large-scale investors colloquially called “whales.”  Recent observations in on-chain data suggest these whales’ significant accumulation of Ethereum, indicating a bullish sentiment towards the digital asset. Spot On Chain unveils whale accumulation Spot On Chain, a prominent platform known for sharing on-chain data insights, made waves today with revelations regarding substantial Ethereum acquisitions by a whale address. According to the platform’s data, this whale address procured approximately 13,526 ETH at an average price of $2,947 per ETH, amassing a total value exceeding $39 million.  Notably, the whale withdrew 10,136 ETH from Binance while purchasing 3,390 ETH via 1inch. Moreover, Spot On Chain disclosed that within the past three days, the whale had acquired a staggering 64,501 ETH, equivalent to a valuation surpassing $187 million at current market prices. Adding fuel to the speculation fire, Spot On Chain raised eyebrows by reporting an additional withdrawal of $40 million USDT from Binance by the aforementioned whale. This move sparked intrigue, prompting speculation regarding its potential allocation towards further Ethereum acquisitions. Detailed examination of whale holdings A deeper dive into the wallet of the scrutinized whale reveals a substantial Ethereum holding of 91,321 ETH, alongside assets totaling $334 million, encompassing $49.8 million worth of USDT and 5,485 STETH.  Spot On Chain’s data further unveils previous significant transactions by this whale, notably a purchase of 32,002 ETH amounting to $93 million on February 19. Within 19 hours, the platform reported an additional acquisition of 21,353 ETH via 1 inch and a withdrawal of 10,649 ETH from Binance. Market dynamics and liquidations Despite Ethereum’s commendable price performance, recent market dynamics have exhibited volatility. In the last 24 hours, Ethereum experienced a marginal 0.17% increase in price, trading at $2,907. However, the digital asset faced resistance after closing its daily candle at $3,014, failing to sustain support above the $3,000 threshold.  Notably, CoinGlass data highlights the liquidation of ETH positions worth $59.2 million within the same period, with short positions constituting $32 million of these liquidations.

4 days ago
koinmilyoner
koinmilyoner
followers

The price of Bonk has dropped by 9% today, reaching $0.00001162; this comes at a time when the cryptocurrency market has dropped by 1% over the course of the last twenty-four hours. The dip that occurred today looks to put to a stop a period of time that was reasonably beneficial for the meme currency, which has suffered a loss of 13% over the course of the last seven days. It would seem that it has decreased as a consequence of traders taking profits in response to its recent gains; yet, the token has still increased by 17% in the last two weeks and by 7.5% in the course of the past thirty days. As a result of the fact that some whales are still hanging onto their quantities of BONK, it is possible that the meme currency may have a speedy rebound in the weeks to come. As is the case with a significant portion of the market at the present, BONK has seen a significant loss of momentum over the course of the previous few days, as shown by its indicators. This morning, its relative strength index (RSI) has dropped below 50, and it seems that it may continue to decline for some time to come, which will bring the price of the currency down along with it. In a similar vein, the 30-day average of BONK (yellow) is having a difficult time regaining momentum. Considering that the price of BONK has already dropped below the 30-day average, it is probable that the 30-day average will continue to decrease. This indicates that BONK is starting a corrective phase, and it is probable that traders will take more gains and limit further losses throughout the course of this week's reset. As is the case with a great number of other cryptocurrencies at the moment, the price of BONK is set to test its support level, which is represented by the color green. A drop below the support level is expected to result in significant price decreases. Even if it has increased somewhat over the course of this month, the 24-hour trading volume of BONK continues to be unhealthily low. This is a particularly troubling aspect of the cryptocurrency. Currently, it is estimated to be at $85 million, which is a decrease from $1.6 billion in December. To put it another way, BONK is experiencing some extremely low liquidity, which makes it more susceptible to rapid decreases in price. This provides an explanation for why it has declined more than the average of the market today, with a few bigger holders presumably being the ones responsible for the loss. On the other hand, not every single BONK whale has sold their currency; there is still a person who has 314.8 billion BONK who is sitting on their prize. Considering that the market is anticipated to climb overall as we get closer to the second Bitcoin halving, BONK may be able to rally once again in the not too distant future. This would indicate that the anticipation of future gains is there. #BONK #TrendingTopic #Write2Earn

4 days ago

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