Bitcoin, XRP See Declining Whale Activity: What It Means

On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in [...]

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Dormant Whale Wallet Revives as $325M in Bitcoin Moves After 10 Years

According to data from Spot On Chain, the first wallet, which was inactive for about 10 years, moved 2,343 BTC now valued at $222.2 million. This address reportedly bought 2,187 BTC in July 2013 for only $85 each, spending around $185,850. The second wallet, which was quiet for over 11 years, transferred 1,079 BTC worth […]

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Bitcoin Whales Stir the Market with Nearly $500 Million in BTC Transfers

Bitcoin whales have once again made big moves that have caught the attention of members of the crypto community. In the early hours of today, on-chain data recorded about $500 million worth of BTC transferred across various wallets.  According to on-chain data from Whale Alert, over six large Bitcoin hodlers made transactions from their wallets […]

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Bitcoin Holds Strong Above Key Support as Whales Accumulate, Is a New Rally Ahead?

Bitcoin (BTC) is holding firm above a crucial support level despite recent market turbulence, signaling potential for its next major move. After facing increased volatility and a sharp decline, BTC has dropped 2.44% over the past week. However, despite this setback, large investors are accumulating BTC, reinforcing bullish sentiment in the market. Macroeconomic Pressures Weigh […]

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Bitcoin Buzz: Accumulation Trend Peaks At A 3-Year High Whats Driving The Surge?

According to data shared by renowned crypto analyst Ali, Bitcoin has recently witnessed a significant development in its investment dynamics, marking a notable shift in the crypto market. In a post on X published earlier today, Ali disclosed that Bitcoin is experiencing a substantial accumulation streak, which has not been seen in nearly three years. [...]

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Bitcoin Whale Moves 8,000 BTC Aged 5-7 Years What Happened Last Time

Bitcoin continues to grapple with the psychological $100,000 milestone, failing to break above this critical resistance after a retrace from all-time highs. This prolonged stagnation has sparked discussions about a potential correction or deeper retrace as the market awaits confirmation of Bitcoins next major move. Both analysts and investors are closely monitoring the situation, eager to discern whether the cryptocurrency will rally to new heights or succumb to selling pressure. Related Reading: Dogecoin Whales Bought Over 90 Million DOGE In 48H Details Adding fuel to these concerns, renowned analyst Maartunn recently highlighted alarming on-chain activity. Over 8,000 BTC, aged between five and seven years, have moved on-chain, raising questions about long-term holders intentions. Historically, such movements have often preceded market shifts, with increased selling pressure signaling potential weakness. The activity from these seasoned wallets could reflect fading confidence or profit-taking, keeping Bitcoin subdued under the $100K threshold. While bulls and bears remain locked in a battle for dominance, this significant metric underscores the growing uncertainty. As Bitcoins trajectory hangs in the balance, market participants brace for clarity on whether this pivotal level will eventually transform into solid supportor mark the start of a downward correction. Smart Money Moving Bitcoin   Since early December, Bitcoin has entered a prolonged consolidation phase, struggling to establish clear momentum in either direction. Recent on-chain data suggests that whale activity is playing a pivotal role in keeping the price suppressed. According to top analyst Maartunn, a familiar entityan old Bitcoin whalehas resurfaced, making significant moves that could influence the market’s trajectory. Maartunn emphasizes that the movement of more than 8,000 BTC echoes a pattern seen just 10 days ago. At that time, the same whale reportedly shifted more than 72,000 BTC in total since the consolidation phase began. This whale, often referred to as “smart money,” has been active like never before, signaling strategic positioning rather than impulsive selling. The implications of this activity are profound. As long as this whale continues to offload BTC, the selling pressure could hold Bitcoin below key psychological levels, extending the current consolidation period for a few more weeks. However, this accumulation and redistribution phase could set the stage for a massive rally once the activity subsides. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern Confirmation Could Take LINK To $14 Analysts interpret this as a period of preparation by seasoned market participants, suggesting that when the dust settles, Bitcoin might experience a powerful upward breakout. BTC Above Key Demand Level Bitcoin is currently trading at $95,000 after managing to hold above the critical $92,000 support level. Despite bears maintaining control over the market in recent weeks, they have been unable to break through the key demand zones at $92,000 and $90,000. These levels have acted as a strong base, preventing further downside and signaling resilience among buyers. If Bitcoin continues to defend these crucial levels, it could pave the way for a swift challenge to its all-time high (ATH). Holding above $92,000 would reinforce bullish sentiment and attract renewed interest from traders and institutional investors eyeing the psychological $100,000 milestone. However, the path ahead is far from guaranteed. A failed attempt to reclaim $100,000 could signal exhaustion among buyers, potentially triggering a deeper correction. Such a scenario might see Bitcoin revisiting lower support zones as market participants reassess their strategies. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support Top Analyst The coming weeks will be critical for Bitcoin’s trajectory. Whether it rallies to new heights or faces a significant retrace will depend on its ability to hold key levels and overcome the psychological barriers that have kept it below $100K. Investors are watching closely, anticipating Bitcoin’s next decisive move. Featured image from Dall-E, chart from TradingView

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Bitcoin LTHs Start Taking Profits Metrics Reveal Whales Are Actively Spending

Bitcoin has reached new all-time highs for four consecutive days, hitting $99,500 just hours ago. The relentless surge has fueled extreme bullish sentiment in the market, with investors eagerly anticipating Bitcoin’s historic breakthrough of the $100,000 mark. However, on-chain data suggests that the rally may face challenges as signs of profit-taking emerge. Related Reading: Ethereum Consolidation Continues Charts Signal Potential Breakout Key insights from CryptoQuant reveal that Long-Term Holders (LTHs) are actively spending their Bitcoin, capitalizing on profits exceeding 350%. This behavior indicates that some seasoned investors are beginning to lock in gains after the aggressive uptrend. Whale activity and profit-taking by LTHs could temporarily slow the rally, potentially triggering a consolidation phase before the next leg up. While Bitcoin remains shy of the six-figure milestone, the market closely examines whether it can sustain its momentum or if a pullback is imminent. Consolidation at these levels could provide the foundation for BTC to reclaim its bullish trend and break through the psychological $100,000 barrier. Bitcoin Rally Seems Unstoppable Bitcoin has surged an impressive 45% since November 5, displaying relentless upward momentum that appears unstoppable. Despite increasing selling activity, demand continues to support the price, driving Bitcoin to new highs and maintaining its bullish trajectory. Market participants are now closely watching for potential signals of a slowdown or correction as BTC pushes deeper into uncharted territory. CryptoQuant analyst Axel Adler recently shared X data highlighting a significant trend among Long-Term Holders (LTHs). According to Adler, LTHs are actively spending their Bitcoin, capitalizing on profits exceeding 350%. This marks a critical juncture, as these holders are often regarded as market stabilizers, and their selling activity could indicate potential shifts in sentiment. Adler further notes that if Bitcoin’s price surpasses $119,000, LTH profits would soar to over 500%. Such extraordinary profit levels could trigger a wave of selling pressure, potentially leading to the first major correction after this unprecedented rally. However, he emphasizes that predicting an exact price point for a correction remains speculative, as no definitive threshold exists to determine when LTHs might overwhelmingly exit their positions. Related Reading: Polkadot Holds Key Demand Level DOT Could Hit $11 In Coming Weeks While the rally shows no signs of slowing down, this dynamic between demand and LTH profit-taking underscores the importance of monitoring market behavior. Traders should remain cautious as Bitcoin’s rapid ascent unfolds. BTC About To Reach $100K Bitcoin trades at $98,600, less than 2% from the highly anticipated $100,000 mark. This psychological level is expected to be a significant supply zone, with many investors closely watching price movements around this milestone. Recent “only up” price action has left little room for traders to buy at lower levels, frustrating those who hoped to accumulate during dips. If Bitcoin holds above the crucial $93,500 support level in the coming days, market sentiment suggests a powerful surge above $100,000 could follow. Breaking this barrier would likely usher in further bullish momentum, pushing Bitcoin into uncharted territory and fueling optimism for additional gains. However, failure to maintain support at $93,500 could trigger selling pressure, leading to a price pullback. In such a scenario, Bitcoin might test lower demand zones, with $85,000 and $80,000 identified as key levels to watch. These zones could provide new accumulation opportunities for investors looking to capitalize on price corrections. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH Targets Revealed As Bitcoin approaches this historic level, the next few days will determine whether the market sustains its bullish trend or enters a consolidation phase. Traders and investors should remain vigilant as BTC navigates this critical juncture. Featured image from Dall-E, chart from TradingView

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