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Tag: Bitcoin Whales

  • The Great Bitcoin Handover: $8.2 Billion BTC Swamps Binance As Retail Momentum Fades

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    Bitcoin is struggling to reclaim the $69,000 level as persistent selling pressure continues to dominate the short-term market structure. After multiple failed attempts to establish acceptance above this key psychological threshold, price action reflects a defensive environment marked by reduced risk appetite and elevated volatility. Traders remain cautious, with liquidity conditions tightening and momentum favoring sellers rather than sustained accumulation.

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    New on-chain data shared by analyst Maartunn adds another layer to the current landscape. According to his insights, Bitcoin whales are firmly dominating the market structure at this stage of the cycle. Over the past 30 days alone, approximately $8.24 billion worth of whale-held BTC has flowed into Binance, marking the highest level of large-holder inflows to the exchange in the last 14 months. Such a concentration of activity suggests that major participants are actively repositioning.

    The data also underscores Binance’s continued role as the primary liquidity venue for large-scale transactions. When whale flows accelerate toward exchanges at this magnitude, it often signals heightened strategic activity — whether for distribution, hedging, or tactical allocation. As Bitcoin consolidates below resistance, the behavior of these dominant market participants may play a decisive role in shaping the next directional move.

    Whale Dominance Intensifies As Retail Momentum Cools

    Maartunn further detailed the 30-day flow breakdown, offering a clearer view of how market participation is evolving. Over the past month, whale inflows to Binance have reached $8.24 billion and continue to trend higher. In comparison, retail inflows total approximately $11.91 billion but have begun to flatten. As a result, the retail-to-whale ratio currently stands at 1.45 and is steadily compressing.

    Binance Whale to Exchange Flow | Source: CryptoQuant

    Although retail participation remains visible, its momentum is cooling. The pace of smaller deposits has slowed, suggesting declining conviction or reduced speculative activity among short-term traders. In contrast, whale deposits have increased consistently over the same period, indicating that larger entities are either actively positioning or reallocating capital with greater urgency.

    This dynamic is narrowing the gap between large and small participants on the exchange. When whale flows accelerate while retail flows plateau, market structure tends to become more top-heavy, with price increasingly influenced by institutional-scale actors rather than fragmented retail activity.

    The key takeaway is clear: large players are becoming more dominant on Binance, while smaller participants are gradually losing relative influence. In the current environment, Bitcoin’s next directional move may depend more heavily on whale strategy than retail sentiment.

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    Bitcoin Tests Critical Support As Downtrend Accelerates

    Bitcoin’s 3-day chart reflects a decisive loss of momentum following the rejection near the $120,000 region in late 2025. Since that peak, price structure has transitioned into a clear corrective phase characterized by lower highs and accelerating downside pressure. The most recent leg lower shows a sharp breakdown from the $90,000–$95,000 consolidation zone, with BTC now hovering around the $68,000 area.

    BTC testing critical demand | Source: BTCUSDT chart on TradingView
    BTC testing critical demand | Source: BTCUSDT chart on TradingView

    Technically, Bitcoin is trading below the shorter-term moving average, which has rolled over and is sloping downward, reinforcing near-term bearish momentum. The intermediate moving average is flattening and beginning to turn lower, signaling weakening trend strength. Meanwhile, the long-term average remains upward sloping but sits well below current price levels, suggesting that while the macro structure has not fully collapsed, the market is in a transitional phase.

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    Volume expanded noticeably during the recent selloff, indicating active distribution rather than a passive drift lower. However, the latest candles show some stabilization near the $65,000–$70,000 support region, an area that previously acted as a breakout zone earlier in the cycle.

    A sustained reclaim of the $75,000–$80,000 range would be required to restore bullish structure. Failure to hold current levels could expose deeper retracement toward long-term trend support.

    Featured image from ChatGPT, chart from TradingView.com 

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    Sebastian Villafuerte

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  • Bitcoin Whales Accumulate as BTC Price Revisits 2024 Entry Zone

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    Bitcoin has revisited its 2024 whale entry zone as large holders keep buying even as prices keep on falling.

    Bitcoin (BTC) has slipped back to price levels last seen in October 2024, the exact moment when whales began their most recent accumulation phase.

    On-chain data now shows these large holders are continuing to buy, not exit, suggesting the current downturn may be viewed as a re-entry opportunity rather than a reason to flee.

    Whales Accumulate as Retail Fears Grow

    According to pseudonymous market watcher CW8900, there has been a steady accumulation among large BTC and Ethereum (ETH) holders. They wrote that Bitcoin’s current price matches the zone where whales started buying in October 2024, and they claim accumulation has increased rather than slowed.

    “Despite the decline in $BTC, accumulation continues. In fact, it’s increasing,” CW8900 said.

    In a separate post, the analyst noted that Ethereum whales now hold positions at losses comparable to earlier cycle lows, which they described as a pattern seen near bottoms.

    The expert wrote regarding the giant ETH holders,

    “Their target is the upcoming rally. They are still accumulating massive amounts in preparation for a bull market.”

    Market data supports the context behind those claims, with numbers from CoinGecko showing BTC changing hands near $69,000 after moving between $68,000 and $71,000 in the past day. The asset is down about 2% this week, 10% over two weeks, and nearly 28% in a month.

    On its part, ETH is showing deeper losses. At the time of writing, the token was trading at just under $2,000 after falling about 40% in a month and 13% in two weeks.

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    Despite the prevailing conditions, Fundstrat’s Tom Lee believes ETH will rebound fully. He pointed to eight separate drawdowns exceeding 50% that the world’s second-largest cryptocurrency has faced since 2018, including a 64% drop earlier last year. In every case, the asset formed a V-shaped bottom and recovered completely.

    However, not all large positions have survived. Trend Research, once Asia’s largest ETH long, closed its final position last week after accumulating $2.1 billion in leveraged longs. According to Arkham, the exit resulted in an $869 million realized loss and came even after founder Jack Yi had predicted ETH would reach $10,000 just days before.

    Diverging Signals

    Not all indicators are leaning bullish, as revealed by analyst Wise Crypto, who said Bitcoin’s recent 9% rebound between February 12 and February 15 may be a trap. The market technician pointed to hidden bearish divergence on 12-hour charts and a 90% surge in NUPL, which indicated a higher sell risk, with key support levels sitting at $65,000 to $66,000, and $60,000 as the major psychological floor.

    To add context to that caution, a recent poll run by chartist Ali Martinez found that only 22.7% of respondents believed $60,000 was the cycle low, while the largest share expected prices to fall toward $38,000.

    Interestingly, market intelligence provider Santiment has noted that BTC typically moves opposite crowd expectations, suggesting a potential rally if fear continues to dominate sentiment.

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    Wayne Jones

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  • Bitcoin Supply Shock Brewing as Binance Reserves Hit Lows

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    Despite bullish scarcity signs, Binance’s Whale Ratio rose to 0.41, hinting large holders may be preparing to sell.

    Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly.

    This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze.

    Conflicting Signals from Large Holders

    Data from October shared by Arab Chain shows that Binance’s Bitcoin Scarcity Index moved upward through the month, jumping sharply in late October to exceed a reading of 9. This index is a direct measure of the reduction in Bitcoin supply available for immediate trading on the exchange.

    In simple terms, a rising index means the amount of Bitcoin sitting on Binance that is available for purchase is gradually falling. The analytics platform clarified that this typically points to an accumulation phase, where large investors and whales are buying and withdrawing BTC from Binance, effectively taking them off the market.

    “This is generally considered a positive long-term signal that supports the likelihood of continued upside in the medium term, despite short-term price fluctuations, as buyers appear to be racing to acquire Bitcoin in the market,” noted Arab Chain.

    The assessment also pointed out that such supply drops are often linked to positive news or sudden capital inflows. However, it also presented a critical caveat: scarcity alone cannot push prices higher. For a major price increase to occur, this limited supply must be met with genuine new demand from an increasing number of buyers.

    Still, this positive accumulation signal is not the only story. Another metric tells a different tale. The 7-day average of Binance’s Exchange Whale Ratio has also climbed steeply, rising from around 0.33 on October 12 to approximately 0.41 between October 22 and 25.

    This ratio measures large deposits to the exchange, and such a sustained increase has historically indicated that major holders are preparing to sell, creating a wall of supply that can slow or reverse a price rally. It creates a complex picture where one set of data suggests holding, while another points toward potential selling.

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    Broader Market Trends

    The movement of coins off exchanges is not solely about whales holding in private wallets. A growing trend shows that some large BTC holders are shifting their assets into spot Bitcoin ETFs like those from BlackRock.

    These “in-kind” transfers allow whales to swap their Bitcoin for ETF shares without creating a taxable event, a process that could act as another drain on the liquid supply available on crypto exchanges.

    Meanwhile, in the market, BTC was priced at $110,232 at the time of writing, dipping from the $111,400 level it was trading at yesterday, when the U.S. Federal Reserve announced its second consecutive interest rate cut. While it’s up 1.2% over seven days, the 30-day view shows a 3.4% decline, and it remains more than 12% below the new all-time high past $126,000 it attained in early October.

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    Wayne Jones

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  • CryptoQuant: LTH Stability vs. STH Aggression Driving Bitcoin Market Volatility

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    CryptoQuant says LTH whales hold 3.72M BTC at $41K average, anchoring stability amid STH whale-driven volatility.

    The journey of the world’s largest cryptocurrency by market cap toward new peaks is being shaped by a hidden conflict among its biggest holders.

    According to CryptoQuant analyst Carmelo Alemán, there’s a fundamental divide in Bitcoin (BTC) whale behavior that is creating a market pulled between steadfast conviction and short-term speculation.

    The Whale Divide: Calm Accumulation vs. Aggressive Trading

    In his latest assessment, Alemán noted that not all Bitcoin whales operate with the same strategy.

    The market’s largest holders, those with over 1,000 BTC, are split into two distinct groups with opposing influences on price action. On one hand are long-term holder (LTH) whales, who have kept their Bitcoin for more than 155 days, and are currently in possession of about 3.72 million BTC acquired at an average price of only $41,887. According to the expert, this group’s behavior is typically calm, characterized by strategic accumulation with little reaction to moderate price declines.

    On the other hand, short-term holder (STH) whales have around 1.07 million BTC bought at a much higher average cost of $111,299. This cohort, often made up of institutions and other newcomers to the market, usually displays more aggressive trading patterns, frequently repositioning during pullbacks to lower their average costs, injecting considerable short-term volatility into the market in the process.

    This difference in behavior is creating a structural tension beneath Bitcoin’s price movements.

    “The distinction between LTH and STH Whales is key because their different behaviors directly impact market volatility,” wrote Alemán. “When STH Whales become more active, their higher cost basis often translates into sharper short-term moves. In contrast, the steady accumulation of LTH Whales provides stability and price support.”

    The performance is also occurring against a complex backdrop. As reported previously by CryptoQuant, there has been a sharp drop in Taker Buy Volume across major exchanges like Binance, indicating weakening demand for the OG cryptocurrency from aggressive buyers. Historically, the pattern has preceded extended consolidation or notable pullbacks.

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    Still, the blockchain’s fundamental health appears solid. Data from the tail-end of September confirmed Bitcoin’s hashrate reached a record 1.441 zettahashes per second, viewed by observers as a sign of strong miner confidence and increased network security.

    Market Outlook Hinges on Demand and Momentum

    Bitcoin’s immediate future appears to hinge on which group of heavyweight investors will gain the upper hand and whether broader market demand can rebound.

    While the stability offered by LTH whales, with their low cost basis, provides a solid foundation of price support, the constant activity of STH whales, who are more sensitive to price swings due to their higher entry points, makes sharp short-term moves more likely.

    In the meantime, traders will be watching key technical levels. A clean break above the $115,000 resistance could confirm the bullish technical setup and potentially trigger a new push upwards. However, the presence of a CME futures gap near $110,000, a level the price has tended to revisit, means there is still the possibility of a short-term dip.

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    Wayne Jones

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  • Bitcoin Holds $117,500 On Retail Support While Whales Stay Quiet – Cause For Concern?

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    Bitcoin (BTC) is holding near $117,500, up about 6.1% over the past two weeks. However, recent data from Binance shows that BTC’s current price action is largely supported by retail investors, while whales have been noticeably absent.

    Bitcoin Holds $117,500 Amid High Retail Inflows

    According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin is hovering around the $117,500 price level, supported by active inflows from retail investors. Notably, large whale inflows have been completely absent, indicating that the current market is being driven by individuals more than by large wallets.

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    Inflows ranging from 0 to 0.001 BTC recorded approximately 97,000 BTC. Similarly, inflows from the 0.001 to 0.01 BTC segment totaled nearly 719,000 BTC.

    Source: CryptoQuant

    The distribution above suggests that Bitcoin’s current rally is largely driven by retail investors. These investors conduct numerous but small-volume transactions, confirming that individual investors are shaping the market dynamics. Arab Chain added:

    The figures reveal that the bulk of inflows are concentrated in small and medium-sized transactions, reflecting the dominance of retail activity in Bitcoin trading. This liquidity, despite its limited scale, has helped keep the market balanced at current levels.

    It is worth emphasizing that there has been almost no whale pressure during the current market rally. Specifically, no significant surges in inflows of more than 100 BTC were observed, mitigating the likelihood of a sharp short-term price correction.

    To conclude, the current market situation shows that Bitcoin is experiencing a state of equilibrium, largely due to heightened retail investor participation. Such a scenario gives the market an opportunity to steadily surge toward the important $120,000 resistance level.

    That said, it would be wise to keep an eye on any whale activity, as it could quickly alter the market’s direction. Any sudden entry of whale inflows could trigger a rapid price correction, similar to previous market tops.

    Experts Divided On BTC Price Action

    As Bitcoin trades about 5.4% below its all-time high (ATH), there are signs that the top cryptocurrency by market cap may be on the cusp of a fresh rally. For instance, BTC recently broke above the mid-term holder breakeven, reducing the likelihood of an immediate sell-off.

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    Recent positive developments – such as the US Federal Reserve (Fed) reducing interest rates by 25 basis points – could reinvigorate the crypto market. Against that backdrop, crypto entrepreneur Arthur Hayes recently reiterated his ambitious $1 million BTC prediction.

    That said, gold bug Peter Schiff opines that BTC has likely already peaked for this market cycle. At press time, BTC trades at $117,523, up 1.8% in the past 24 hours.

    bitcoin
    Bitcoin trades at $117,523 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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    Ash Tiwari

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  • Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018

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    On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price.

    Average Bitcoin Whale Is Holding Just 488 BTC Now

    In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the average supply held by Bitcoin whales. Glassnode defines “whales” as entities holding between 100 and 10,000 BTC. At the current exchange rate, the range’s lower bound converts to $11.2 million and upper one to $1.1 billion.

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    Thus, the only investors who would qualify for the cohort would be the big-money traders. These holders can carry some degree of influence in the market, so their behavior can be worth keeping an eye on.

    The behavior of the cohort as usually gauged from their total holdings, however, can provide a skewed picture about the sentiment among them, as the investors toward the larger end of the range have more of a weightage in it.

    One way to pinpoint the behavior of the average whale is by looking at the size of the holdings of the average member of the group. Below is the chart shared by Glassnode that shows the trend in this metric for Bitcoin over the last few years.

    The value of the metric appears to have plunged over the past few months | Source: Glassnode on X

    As is visible in the graph, the average Bitcoin supply per whale peaked back in early 2022, but switched to a decline as the bear market took over the sector. This suggests the whales reduced their exposure to the cryptocurrency during this period.

    With 2023 starting a recovery run for BTC, the average whale started loading up again, albeit at a slower pace than in the previous cycle. This accumulation continued until mid-2024, at which point it once more witnessed a reversal.

    Interestingly, instead of backing the rallies that have occurred between then and now, the whales have only accelerated their selling alongside them. The late 2024 run, especially, saw these humongous investors shed their holdings at a rapid pace.

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    Today, the amount of Bitcoin supply held by the average whale sits at just 488 tokens, which is the lowest that it has been since December 2018, almost seven years ago.

    In another X post, the analytics firm has also talked about how Ethereum whales have been doing recently. In particular, Glassnode has shared the trend in the holdings of the “mega whales,” holders carrying more than 10,000 ETH ($44.6 million).

    Bitcoin Mega Whales
    How the supply held by the ETH mega whales has changed over the last few months | Source: Glassnode on X

    As displayed in the above chart, the Ethereum mega whales participated in buying during the recent price surge, but their accumulation has now stopped with the 30-day change in their balance dropping to zero.

    BTC Price

    At the time of writing, Bitcoin is trading around $111,900, up more than 1% over the past day.

    Bitcoin Price Chart
    The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView

    Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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    Keshav Verma

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  • Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says

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    On-chain analytics platform Santiment has weighed in on whether the Bitcoin price has reached its bottom, following its drop to the $108,000 range. The platform alluded to the current social sentiment, suggesting that a further drawdown may be looming. 

    Bitcoin Price Bottom Not Yet In Amid Spike In Social Dominance

    In a research report, Santiment indicated that the Bitcoin price bottom may not yet be in, considering the surge in the social dominance of ‘buy the dip’ mentions. The platform explained that a true bottom is often marked not by price but by a shift in social narrative from ‘buy the dip’ optimism to widespread fear. This creates a strong bearish case that discourages buying. 

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    Santiment suggested that the Bitcoin price typically rebounds when the sentiment is bearish and when investors least expect an uptrend. However, for now, market participants are still getting “antsy and trying to find some entry spots now that prices have cooled down a bit, Santiment analyst Brian Quinlivan explained. 

    The analyst opined that the cooldown in the Bitcoin price so far is not a huge one, while noting that BTC has detached from the S&P 500. Quinlivan predicted that BTC and other crypto assets could play catch-up to the stock market when the crowd stops getting too optimistic about buying the dip. He added that the true ‘buy the dip’ opportunities happen when the crowd stops believing there is an opportunity. 

    Source: Chart from Santiment

    In the research report, Santiment noted that the current ‘buy the dip’ chatter needs to be suddenly replaced by discussion of the narrative that supports the bearish case. In line with this, the platform advised market participants to pay close attention to the dominant social narrative. According to the report, when the conversation shifts from hopeful buying to widespread fear, it can be a stronger bottom signal than the Bitcoin price alone.

    Another Metric To Keep An Eye On

    The Santiment report indicated that BTC whale transfers are another key metric to watch for, as they can help determine if the Bitcoin price has reached its bottom. These whales, wallets holding 10 to 10,000 BTC, have not been selling off in any significant way despite the market dip. 

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    According to Maksim, who joined Santiment analyst Brian on the podcast, whenever these wallets do decrease their holdings, it can lead to “postponed price suppression weeks thereafter.” Therefore, Santiment advised market participants to monitor the holdings of large Bitcoin wallets. A lack of selling from whales could indicate underlying strength, while a significant drop can be a warning of future price weakness. 

    At the time of writing, the Bitcoin price is trading at around $107,800, down in the last 24 hours, according to data from CoinMarketCap.

    Bitcoin
    BTC trading at $109,600 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Scott Matherson

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  • Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals

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    Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

    Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

    In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

    Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

    Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

    Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

    Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

    As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

    Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

    Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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    Keshav Verma

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  • Bitcoin Hits $60,000 As Market Conditions Align For Crypto Price Surge: Santiment

    Bitcoin Hits $60,000 As Market Conditions Align For Crypto Price Surge: Santiment

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    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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    Semilore Faleti

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  • The Big Players Are Buying: Bitcoin Whales Scoop Up 94.7K BTC in Just 6 Week

    The Big Players Are Buying: Bitcoin Whales Scoop Up 94.7K BTC in Just 6 Week

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    The choppy consolidation in bitcoin’s price action has many market players worried. However, certain holders of the world’s largest crypto asset are seemingly increasing their holdings.

    In fact, bitcoin whales, particularly those holding between 100 and 1,000 BTC, have significantly increased their holdings.

    Bitcoin Accumulation

    Over the past six weeks, this cohort of whales has accumulated an additional 94.7K BTC, according to the latest findings by Santiment. This surge in accumulation occurs amid a period of heightened price uncertainty that has led many traders to exit the crypto market.

    While retail and smaller investors may be shaken by the volatility, these key stakeholders are taking advantage of the downturn to strengthen their positions, potentially signaling a bullish outlook among those with significant market influence, as per the crypto analytic platform.

    After bitcoin reached its all-time high in March, the market entered a prolonged phase of supply distribution involving wallets of different sizes. During the lead-up to this peak, on-chain intelligence platform Glassnode found that Long-Term Holders (LTH) had largely divested.

    Recently, however, they have reverted to holding, with an additional 374,000 BTC moving into LTH status in the last three months. This was speculated as a sign that investors’ preference for holding their BTC now outweighs the pressures to spend them, despite uncertainty.

    Currently, bitcoin is trading near $61,000 after surging by 4% over the past 24 hours. Experts believe that BTC’s major sell-offs are potentially over.

    “Forced Selling Behind Us?”

    In an August 19 interview with CNBC, Matthew Sigel, VanEck’s head of digital assets research, highlighted the seasonal patterns that bitcoin tends to follow post-halving. He noted that with the recent wave of forced selling now behind us, BTC is entering a period that typically poses challenges for its price performance.

    Historically, bitcoin has struggled in the one to three months following a halving event, which in this cycle occurred in April. Sigel’s observations suggest that while the immediate pressures on BTC have eased, the market could still face headwinds as it continues to navigate this traditionally difficult phase.

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    Chayanika Deka

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  • Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details

    Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details

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    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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    Semilore Faleti

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  • Bitcoin Whale Signal Echoes Pre-480% Surge In Mid-2020

    Bitcoin Whale Signal Echoes Pre-480% Surge In Mid-2020

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    CryptoQuant CEO Ki Young-Ju today pointed out significant similarities in Bitcoin’s market behavior between the current state and mid-2020, a period marked by stagnant prices but high on-chain activity. Young-Ju’s insights were illustrated with two key charts and shared via a post on X, drawing parallels that suggest a robust undercurrent of large volume transactions, potentially outside the public exchange networks.

    Bitcoin realized cap for new whales | Source: X @ki_young_ju

    The first chart, representing data up until 2020, shows Bitcoin’s price alongside the realized cap for new whales – a metric that tracks the aggregate value at which the newly acquired Bitcoin by large investors was last moved. It’s a different form of market capitalization that assesses each UTXO at the price it last changed hands, rather than its present market price. This metric reflects the actual realized value of all the coins in the network, rather than their current market value.

    Related Reading

    This value experienced a sharp increase around mid-2020, precisely when Bitcoin’s price was caught in boredom just like in recent months, consistently trading around the $10,000 mark. According to Young-Ju, this period was characterized by high on-chain activity which later analysis suggested involved over-the-counter (OTC) transactions among institutional players.

    In the second chart, extending to 2024, a similar pattern emerges with even more pronounced growth in the realized cap for new whales, despite Bitcoin’s price showing a sideways movement for almost 100 days now. The chart indicates a significant addition of about $1 billion daily into new whale wallets, a term typically referring to addresses holding large amounts of Bitcoin, often linked with institutional or highly capitalized individual investors.

    What This Means For Bitcoin Price

    Ki Young-Ju elaborated on these observations: “Same vibe on Bitcoin as mid-2020. Back then, BTC hovered around $10k for 6 months with high on-chain activity, later revealed as OTC deals. Now, despite low price volatility, on-chain activity remains high, with $1B added daily to new whale wallets, likely custody.”

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    He further referenced a tweet from September 2020 that corroborated his analysis, noting that the “number of BTC transferred hits the year-high, and those TXs are not from exchanges. Fund Flow Ratio of all exchanges hits the year-low. Something’s happening. Possibly OTC deals.”

    This comparison and the sustained high level of the realized cap for new whales suggest an ongoing accumulation phase among large-scale investors, reminiscent of the activity observed in mid-2020. Such movements are generally not visible on traditional crypto exchanges and indicate a strong institutional interest that could be a precursor to significant market moves. Following Young-Ju’s tweet, BTC price rallied by 480% from September 2020 till November 2021.

    If a similar move is brewing for Bitcoin price remains to be seen, but the continuous growth in Bitcoin holdings among new whales, along with sustained price levels, points to a potential buildup of pressure beneath the apparent calm of the market surface. As observed in the past, such conditions may lead to substantial price movements once the accumulated Bitcoin begins to impact the broader market through either increased liquidity or renewed trading interest.

    At press time, BTC traded at $68,271.

    Bitcoin price
    BTC price remains below key resistance, 1-day chart | Source: BTCUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

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    Jake Simmons

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  • Bitcoin Whales Spend $6.3 Billion In One Day As Historic BTC Buy Signal Appears

    Bitcoin Whales Spend $6.3 Billion In One Day As Historic BTC Buy Signal Appears

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    Bitcoin whales are not backing down from the market and have continued to capitalize on the pump by buying every dip. The most recent dip toward $60,000 saw these large investors gobble up BTC at an alarming rate, with their daily spending coming in at billions of dollars.

    Bitcoin Whales Buy $6.3 Billion Worth Of BTC

    In a stunning discovery, co-founder of Bitcoin-based company Apollo, Thomas Fahrer, revealed that Bitcoin whales have been rapidly buying up the tokens amid price drawdown. More specifically, the daily spend of these whales caught Fahrer’s eye.

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    The report shared by the founder shows that while smaller investors had been selling, Bitcoin whales were buying up billions of dollars worth of coins. In the 24-hour period, these whales holding more than 1,000 BTC on their balances accumulated 8,953 BTC, worth $6.3 billion at the time. This further adds to their weekly accumulation numbers, coming out at 12,058 BTC, which is almost $9 billion worth of BTC bought in one week.

    This accumulation trend comes in light of smaller investors selling their tokens. For example, Fahrer’s screenshot show Sharks, which are investors holding between 100-1,000 BTC on their balances sold 6,746 BTC in one day, worth around $5 billion.

    Other notable sellers include the crabs, which are investors holding 1-10 BTC, selling 1,074 BTC in the same time period. Shrimps – investors holding 0-1 BTC, were also caught selling, with a total of 591 BTC sold. While Fish investors, those holding 10-100 BTC, sold only 95 BTC in the one day period.

    The flow of these investors shows that BTC is flowing out from smaller investors toward larger investors, something that is bullish for the price. The same is the case on the weekly timeframe where Shrimps sold 2,079 BTC, Crabs sold 5,748 BTC, Fish sold 1,155 BTC, while Sharks bought up 60 BTC, with Bitcoin whales buying the majority with 12,085 BTC.

    Time To Buy

    A number of crypto analysts have called for buying and it seems Bitcoin whales are the ones following this advice. One of the analysts who has been vocal about it being the time to buy is Ali Martinez, who shared an interesting formation on the Bitcoin chart.

    Related Reading

    Martinez pointed out that the TD Sequential, which had previously predicted the Bitcoin price movement, had flashed a buy signal. The level at which this analyst presented this buy signal was around the $69,500 level, and since then, the BTC price has since rebounded above $70,000, suggesting the buy signal was correct.

    If the TD Sequential holds like it did the last time it appeared, then the current price push could see Bitcoin reach a new all-time high above $74,000, since the last one saw an almost 15% move. But for now, Bitcoin bulls are fighting to maintain its position above $70,000, with a 12.22% increase in the last week.

    BTC price drops to critical level | Source: BTCUSD On Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Scott Matherson

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  • Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

    Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

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    Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales.

    Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure

    As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder whales during the recent drop, but had still managed to remain above the level.

    The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis (that is, the acquisition price) of the average investor in the Bitcoin market.

    When the spot price of the cryptocurrency is trading above this level, it means that the investors as a whole are in a state of unrealized profits right now. On the other hand, it being under implies the overall market is carrying losses.

    In the context of the current discussion, the Realized Price of the entire Bitcoin market isn’t of interest, but that of only a part of it: the short-term holder (STH) whales.

    The STHs refer to the BTC investors who bought their coins within the past 155 days, while the whales are categorized as entities holding greater than 1,000 BTC. As such, the STH whales would refer to the large investors who bought during the last five months.

    Naturally, the Realized Price of this group would indicate the average whale buying price over the past five months (and this price would obviously have to be one the cryptocurrency had traded at on some occasion inside this timeframe).

    Now, here is a chart that shows the trend in the Bitcoin Realized Price for the STH whales over the last decade:

    The value of the metric appears to have shot up in recent months | Source: CryptoQuant

    From the graph, it’s visible that the Realized Price of the STH whales has rapidly climbed alongside the sharp rally Bitcoin has gone through this year. This makes sense, as the STHs represent the new hands coming into the market, who would have to buy at higher prices as the asset’s surge would continue.

    Not only that, but the STHs who age past the 155 days mark (that is, those who bought at the relatively low prices) exit out of the cohort, thus raising the average even further.

    The group that these matured investors advance to is known as the long-term holder (LTH) cohort. In the same chart, the quant has also attached the data for the Realized Price of the LTH whales as well.

    It would appear that these veteran whales have their cost basis at just $21,500, meaning that these investors would be getting some big rewards for their patience. In contrast, the STH whales have their Realized Price at $60,700.

    During Bitcoin’s recent drawdown, the asset had come close to retesting this mark. Such retests have historically lead to reactions in the market and during bull runs, this reaction has often appeared in the form of buying. This may be why the cryptocurrency found its rebound near the $60,700 level.

    BTC Price

    With its latest rebound, Bitcoin has so far managed to recover back towards the $66,500 level.

    Bitcoin Price Chart

    Looks like the price of the coin has made some recovery from its recent drop | Source: BTCUSD on TradingView

    Featured image from Thomas Kelley on Unsplash.com, CryptoQuant.com, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Keshav Verma

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  • Dormant Bitcoin Whale Transfers $137 Million in BTC After 4 Years

    Dormant Bitcoin Whale Transfers $137 Million in BTC After 4 Years

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    A Bitcoin wallet address has sprung back to life after approximately four years of inactivity.

    The dormant whale transferred its entire stash of 3,623 BTC – worth around $136.94 million – to two new wallets. On-chain data suggest that the whale amassed 3,623 BTC worth almost $25 million between October 25, 2018, and December 31, 2019. During this timeframe, Bitcoin was trading on average at $6,889.

    • As reported by Lookonchain, the investment has skyrocketed to a staggering $136.94 million, considering the current market price, marking a profit of around $112 million.
    • According to data compiled by BitInfoCharts, the whale was sitting on a profit of $244 million in BTC during the bull run in November 2021 when Bitcoin exchanged hands at $67.5k.
    • The substantial movement of funds introduces an interesting aspect to the market. Deciding to use or move dormant coins is often complex and depends on individual circumstances and various factors.
    • For instance, a significant increase in Bitcoin’s value might lead owners to sell or trade their inactive assets to capitalize on profit opportunities.
    • Amidst market recovery, 2023 witnessed a flurry of mysterious wallet movements from previously dormant whales.
    • Earlier this month, three Bitcoin whale addresses recently moved a total of 6,500 Bitcoins to new wallets, with a combined value of around $230 million.
    • On September 19th, a dormant Bitcoin address transferred over $46 million worth of crypto after six years, sparking concerns of intense sell pressure in the market.
    • Another whale inactive for more than a decade woke up from its slumber in July to transfer $31 million in BTC.
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    Chayanika Deka

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