On-chain data shows whales are sending their Bitcoin from spot exchanges to derivatives, indicating that they are building up their positions. Bitcoin Whales Build Up Their Positions On Derivative Exchanges As pointed out by a CryptoQuant post, Bitcoin whales seem to be moving their crypto from spot exchanges to derivative exchanges. The relevant indicator here…
Data shows large transactions are rising in dominance as whales are moving their coins. This hints at Bitcoin’s increased maturation as a macro asset. Large Transactions Are On The Rise On The Bitcoin Network According to the latest weekly report from Glassnode, large transactions are becoming increasingly dominant on the BTC network, hinting that whales…
Bitcoin, likewise other cryptos, have had a hard seven days. So investors across the crypto have understandably been wary of the market and any investments at this point. This has played out in the way the digital assets have done in the market. Various dips have put the market into what looks like a long-suffering…
Bitcoin all exchanges reserve seems to be making a gradual downtrend, a sign that accumulation has been going on. The Bitcoin All Exchanges Reserve Goes Down As pointed out by a Crypto Quant post, the BTC all exchanges reserve looks like it has gone down over the past couple of weeks. The Bitcoin all exchanges…
Bitcoin whales have resumed accumulating coins in what has turned out to be the biggest Bitcoin accumulation event in 2021. A number of Bitcoin whales addresses that currently hold a number of 100 to 10,000 bitcoins in their wallet accumulated over 60,000 bitcoins in a single day. Lately, Bitcoin has been sluggish in the market…
The number of long-dormant Bitcoin wallets becoming active once again is rising according to a crypto research group. According to those compiling the data, this could pave the way for large price moves. Other times during Bitcoin’s history where a large percentage or long-dormant wallets have “awakened” have corresponded with dramatic moves to the upside.…