It is expected that BlackRock will penetrate deeper into the encryption industry and become a decisive force in the future. As the world's largest asset management institution, why is BlackRock interested in cryptocurrency? What impact will it have on the subsequent development of the encryption industry?
JinseFinanceBitcoin whales exhibit bullish sentiment, withdrawing $2.3 billion in 24 hours. Analysts note over 25,000 BTC moved to accumulation addresses. Despite struggles near $69,000, on-chain data suggests bullish outlook. Accumulation trend on exchanges signals potential price surges, with $69,000 as key resistance level.
Xu LinCoinbase's Bitcoin reserves hit 2017 lows as whales opt for self-custody, withdrawing $1B+. Market surge follows ETF excitement, with analysts predicting further price hikes amid supply pressure. Investors cautioned on market volatility.
Xu LinBitcoin Whales, holding at least 1,000 bitcoins, boost their holdings by $3 billion, reaching 7.8 million bitcoins valued at $294 billion. Institutional involvement in Bitcoin Spot ETFs grows, while smaller wallets decline, hinting at a potential price surge.
Xu LinBitcoin 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 LinThere 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.
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.
Cointelegraph