All articles tagged with #whale activity
A long-term Bitcoin whale has resumed selling, transferring over $4 billion worth of BTC for Ether, while Bitcoin struggles to break above $116,000 resistance, indicating potential market pressure from large holders and a flatlining price trend.
Mantle (MNT) has surged 15% to $1.36 driven by whale accumulation, a new staking partnership with Bybit, increased open interest, and exchange outflows, indicating strong short-term bullish momentum. However, heightened leverage and profit-taking by large investors could lead to increased volatility, making the sustainability of this rally uncertain.
Hedera's HBAR token has surged over 10% amid record trading volumes and increased whale participation, driven by a new AI partnership with Accenture and EQTY Lab that enhances real-world adoption. The token approaches its key resistance at $0.401, with technical and on-chain momentum supporting a potential breakout, though some hesitation remains among traders.
Bitcoin's short-term price action hinges on whether whale accumulation can sustain momentum to break above $106.2K resistance, amid signs of overvaluation and weakening momentum indicators. The behavior of different holder cohorts and on-chain metrics suggest a critical juncture where a breakout or reversal could occur, influenced by whale inflows and market sentiment.
A dormant whale moved 100.45 billion SHIB to Binance amid declining retail interest and rising whale exits, raising concerns about a potential further price drop. SHIB remains near a key demand zone, but bearish momentum, increased short interest, and reduced retail participation suggest the token could face further downside unless buyers step in. The market's next move depends on whether SHIB can hold its support levels or break below them.
Despite three major Ethereum whales accumulating over $364 million worth of ETH, overall whale activity has decreased, and ETH remains in a range with muted momentum due to fractured support from large holders. While some whales show bullish conviction, the decline in large transactions and lack of strong whale backing suggest ETH may continue trading sideways without a clear rally.
Ethereum has experienced a significant increase in activity, with large transactions surging by over 300%, reaching a daily volume of $17.15 billion. This rise is attributed to increased activity from 'whales,' or large holders of Ethereum, coinciding with recent price increases in both Bitcoin and Ethereum. Ethereum's price briefly surpassed $4,000, marking a bullish trend, although it has since slightly dipped. The market remains optimistic, with potential for further price increases if support levels hold.
COMP cryptocurrency has surged 50% in the past 30 days, driven by increased whale interest and reduced sell pressure, particularly in the DeFi sector. The token's price rose from $38 to $74, but it faces resistance near $80. A weekly close above $81 could pave the way for a potential rise to $100, although the RSI indicates a possible short-term cooldown. On-chain data shows strong accumulation and decreased sell pressure on exchanges, suggesting the uptrend might continue unless these factors reverse.
Dogecoin has experienced a surge in large transactions and active addresses, with a 41% increase in transaction volume and a 35% rise in daily addresses, despite a recent price correction. This activity suggests sustained interest from large holders, potentially indicating a bullish trend. Technical analysis points to a possible breakout from a falling wedge pattern, which could lead to a 25% price increase. Currently, Dogecoin is trading at $0.38, up 7.4% from its weekend low.
Despite last week's market crash causing bearish sentiment, Solana whales took the opportunity to accumulate BOME, leading to a 5% spike in its value. However, market indicators suggest a potential bearish turn for BOME, with a high liquidation near $0.010 needed for a full recovery. Meanwhile, Solana also showed signs of recovery, with a 5% surge in value and improved investor confidence.
Bitcoin prices experienced a temporary dip below $30,000 following a torrid ADP private sector jobs report and robust ISM Services Index, but later regained the threshold. Despite an increase in bitcoin whales, large BTC holders are hesitant to move their assets onto centralized exchanges, indicating bullishness among investors. The trend suggests caution regarding exchange risk and regulatory hurdles.