The recent surge in the price of Bitcoin has not only caught the attention of retail investors, but also of large Bitcoin whales who are increasing their holdings in preparation for further growth. These whales, who hold at least 1,000 BTC, have been taking advantage of price dips to accumulate more coins at discounted prices.
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Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has reached a 9-year low. This significant decrease in Bitcoin balance on the popular exchange signals a shift in investor behavior towards holding onto their assets for the long term rather than engaging in short-term trading. With only
Bitcoin, the leading cryptocurrency asset, has been showing significant momentum lately, with a rise above $70,000 after a recent downward trend. Rekt Capital, a well-known cryptocurrency expert, has drawn attention to a pattern that resembles the pre-halving retrace that occurred in 2020 before Bitcoin surged to its previous all-time high. Despite the uncertainty in the
Cryptocurrency expert Doctor Profit has recently shared some valuable insights regarding the current state of Bitcoin (BTC) and its potential for future growth. According to his analysis, there are several key factors that could contribute to a significant price increase for the leading cryptocurrency in the near future. Doctor Profit’s analysis delves into the Life
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? The optimists, led by the prominent crypto analyst Cryptoyoddha, have painted a picture of
The past week has been a challenging one for Spot Bitcoin ETFs, as they have experienced a lack of significant inflows day after day. This trend has led to consecutive daily outflows throughout the week, signaling a potential decrease in bullish sentiment among institutional traders. The impact of this lack of interest can be seen
Bitcoin accumulation addresses are a crucial aspect of the crypto market that indicate significant investor activity. These addresses refer to wallets that have zero outgoing transactions and maintain a balance of at least 10 BTC. They serve as a way for entities to accumulate Bitcoin as a long-term investment, showcasing their confidence in the future
The current state of the spot Bitcoin ETF market is rather gloomy, with a decline in Bitcoin’s price leading to negative netflows in these ETFs over the last four trading sessions. Grayscale’s GBTC outflows are at large levels, and there are record low inflows for other ETFs such as BlackRock’s IBIT and Fidelity’s FBTC. This
Recent reports from analysts at JPMorgan have cast a shadow of doubt over the optimistic expectations many had for Bitcoin following the Halving event. Despite initial enthusiasm, the analysts have warned that a storm may still be brewing for the flagship cryptocurrency. They point to various signals that indicate a potential further downturn in Bitcoin’s
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, triggered a chain reaction in the crypto market, resulting in approximately $300 million in liquidations. Traders who had bet on the market’s decline found themselves caught off guard by this sudden reversal in Bitcoin’s trajectory. Data from Coinglass revealed that within a 24-hour period, a