Bitcoin Whales Trigger Concerns: 70,000 BTC Sell-Off Sparks Price Correction Fears. Analyst Ali Martinez warns of potential retracement to $32,700 based on historical patterns. Current market volatility and $3 billion sell-off prompt caution among investors.
EdmundBitcoin whales have transferred over $800 million to Coinbase following the SEC's approval of a spot Bitcoin ETF. Notable transactions, totaling 17,291 BTC, raise speculation about potential sell-offs. The price of Bitcoin surged to $47,800 after the ETF approval. While some whales sell, others accumulate Bitcoin at higher prices. Max Keiser acknowledges MicroStrategy's founder, Michael Saylor, for his contributions. The cryptocurrency landscape witnesses significant shifts, prompting attention and scrutiny.
BerniceThe Ethereum ($ETH) market witnessed notable whale accumulation, with over $1 billion added in holdings despite recent price stagnation. Ethereum trades at $2,300, reflecting a 78.5% surge in 12 months, while Bitcoin soared by 170%. Institutional inflows in crypto investment products reached $2.2 billion in a year, with Bitcoin-centric products leading at $1.93 billion. Solana ($SOL) attracted attention, gaining $167 million in investments post FTX's collapse, surpassing Ethereum's inflows. Analysts maintain bullish sentiments, predicting ETH to hit $10,000 and foreseeing potential price surges post Bitcoin ETF approval.
Xu Lin
Coinlive Analyses and interpretations from the data of whales, the biggest players of the industry in 2022.
Coinlive There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges.
CointelegraphDip-buying appears to be in full swing among whales, new data shows, but analysts remain wary on the outlook for the short term.
Cointelegraph$20,000 is being keenly watched while big buys from 2020 stand between spot price and the lowest Bitcoin bottom estimates.
CointelegraphThe Bitcoin market appears to be retracing the gains it has made since January as whales may be exiting and selling on centralized exchanges according to Glassnode.
CointelegraphBitcoin's correlation with stocks has risen to alarming levels, according to some market analysts.
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