Bitcoin and Ethereum Whales’ Latest Movements

According to analytics firm Lookonchain, a major Bitcoin whale accumulated $16 million worth of Bitcoin after market fluctuations. This is recorded as the third major accumulation move by the whale, with a total of $59 million accumulated since December. Despite market fluctuations, Bitcoin whales continue to accumulate significant amounts of Bitcoin. Latest in the Bitcoin Market According to CryptoQuant CEO Ki Young Ju, the new Bitcoin whales hold 1.8 million BTC, which represents 9% of the market. IntoTheBlock data shows that whales have not yet made bulk purchases, despite expectations of a weekend battle. According to CoinGecko data, Bitcoin’s price is at $63,000 at the time of writing, experiencing an 11% drop in the past week. Ethereum Whales’ Activities As per Lookonchain’s report, significant movements are also observed in the Ethereum market parallel to those in Bitcoin. Two major Ethereum whales made purchases worth about $80 million via OKX and […]

Bitcoin and Ethereum Whales’ Latest Movements

According to analytics firm Lookonchain, a major Bitcoin whale accumulated $16 million worth of Bitcoin after market fluctuations. This is recorded as the third major accumulation move by the whale, with a total of $59 million accumulated since December. Despite market fluctuations, Bitcoin whales continue to accumulate significant amounts of Bitcoin.

Latest in the Bitcoin Market

According to CryptoQuant CEO Ki Young Ju, the new Bitcoin whales hold 1.8 million BTC, which represents 9% of the market. IntoTheBlock data shows that whales have not yet made bulk purchases, despite expectations of a weekend battle. According to CoinGecko data, Bitcoin’s price is at $63,000 at the time of writing, experiencing an 11% drop in the past week.

Ethereum Whales’ Activities

As per Lookonchain’s report, significant movements are also observed in the Ethereum market parallel to those in Bitcoin. Two major Ethereum whales made purchases worth about $80 million via OKX and Binance. Additionally, the approval of spot Bitcoin and Ethereum ETFs in Hong Kong could trigger new accumulation movements in the market.

Useful Information

Bitcoin and Ethereum whales perceive market fluctuations as buying opportunities.
Bulk purchases typically occur before or during significant market movements.
Approvals of ETFs, particularly for major cryptocurrencies, can have a positive impact on the market.

Despite the small size of Hong Kong’s ETF approvals, there could be significant movements in the market if similar approvals are obtained in the United States. Bloomberg ETF analyst Eric Balchunas highlights the small size of the ETF market and the effects of high fees, stating that the likelihood of spot Ethereum ETF approvals in the US is low.

how to buy crypto?
Related Posts

Token Lock Releases and the Market Impact of ID Token

News 1 month ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 1 month ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 1 month ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,784.000.00%
  • ethereumEthereum(ETH)
    $3,823.521.94%
  • tetherTether(USDT)
    $1.000.18%
  • binancecoinBNB(BNB)
    $615.88-0.89%
  • solanaSolana(SOL)
    $177.67-1.44%
  • staked-etherLido Staked Ether(STETH)
    $3,817.631.89%
  • usd-coinUSDC(USDC)
    $1.000.01%
  • rippleXRP(XRP)
    $0.53-0.63%
  • dogecoinDogecoin(DOGE)
    $0.167344-0.57%
  • the-open-networkToncoin(TON)
    $6.452.20%
Random