Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days. After testing the $31,000 support on June 8, top traders’ optimism faded, and even the recent $41,000 high was unable to boost their expectations.Read more
Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days.Read more
Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021.Read more
Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend.Read more
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 considered a bullish sign.
From Jan. 1 to Dec. 31, 2020, the number of wallets with over 1,000 BTC grew 6.9%.
The number of wallets with over 1,000 BTC grew 7.6% in the last 30 days alone.
The data helps strengthen the case many analysts are making for a prolonged bull run.
Although Bitcoin seems to have somewhat stabilized around the $30,000 to $35,000 range, institutional and high net worth individuals are not done with it yet.
Glassnode, an on-chain metrics and exchange flow analysis platform, tweeted new bitcoin data on Jan. 16.Read more
Bitcoin price dropped 23.3% from all-time high of $42,000 on Monday.
Since December last year, the number of Bitcoin addresses with more than 1,000 BTC has increased by 150.
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.Read more
Research by OKEx analyzed BTC/USDT trading patterns from August through November 2020 and found that retail traders lost out to whales.Read more