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As the cryptocurrency market experiences a notable sell-off, whales have been offloading massive amounts of Bitcoin (BTC), contributing to bearish sentiment. Specifically, long-term holders have deposited roughly 13,000 BTC, valued at $1.48 billion, to major exchanges including Kraken, Binance, Coinbase, and Hyperliquid since October 1, according to the latest on-chain data retrieved from Arkham by Finbold on November 3. Bitcoin whale transaction. Source: Arkham Further Analysis indicates that a prominent address, identified as Owen Gunden, transferred 3,265 BTC, worth about $364.5 million, to Kraken since October 21.  Notably, such exchange deposits typically signal selling pressure, as large holders move assets from cold storage to trading platforms. The trend suggests that some of Bitcoin’s earliest investors are taking profits or reducing exposure amid growing market volatility. These whale deposits have coincided with Bitcoin’s price decline, adding ...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Summary ⚈ XRP open interest fell from 1.52B to 1.37B as price dipped 5.3%. ⚈ Despite declines, XRP’s long/short ratio remains near 1-month highs, signaling optimism. ⚈ Ripple v. SEC case conclusion could trigger a market-wide boost for XRP. XRP’s open interest has seen a marked decline since the token dropped below $2.20 in the opening days of May. On April 28, the number of open XRP derivatives positions reached a 1-month high of 1.52 billion. By May 6, the cryptocurrency’s open interest had declined to 1.37 billion per data retrieved by Finbold from market intelligence platform CryptoQuant , indicating a greatly lessened degree of speculative betting on the part of traders. XRP open interest on April 28 and May 6. Source: CryptoQuant In the same timeframe, the price of XRP declined from $2.26 to $2.14 — a 5.3% drop. By press time on May 7, the token’s price had further declined to $2.13, bringing XRP year-to-date (YTD) returns down to just 2.58%. XRP pr...

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The number of addresses holding more than 1,000 Bitcoin surged to a four-month high in April, according to data from on-chain intelligence platform Glassnode. The number of wallets holding over 1,000 BTC has risen from 2,037 in late February to a high of 2,107 on April 15, data from Glassnode shows . Number Of Bitcoin Wallets Holding Over 1,000 BTC Reaches US Election Levels Following the uptick in April, the number of new wallets holding over 1,000 BTC has returned to levels not seen since November and December last year, when the crypto markets were surging off of Trump’s US election win. The metric is still down from its all-time high (ATH) of just under 2,500, which was reached in February 2021. Similarly, there has also been an increase in the number of wallets holding over 100 BTC. Glassnode data shows the number of these wallets reached 18,026 on April 20. However, the number of holders with less than 10 Bitcoins has seen a decline in recent months. Pseudonymous cryp...

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New Pepe derivative Wall Street Pepe ($WEPE) continues its impressive presale momentum, surpassing the $36.8 million milestone on Friday. Even amid a broader market slowdown and the absence of a traditional Santa Claus rally, this Pepe-themed token is charging into 2025 packed with explosive momentum, positioning itself for even bigger wins. Though it’s not yet celebrating its one-month presale anniversary, Wall Street Pepe is already drawing heavy early investor interest. This growing demand hints at a potential post-listing breakout, with $WEPE possibly vying for a coveted spot in the top 10 meme coins, challenging its predecessor, Pepe ($PEPE), for supremacy. But what truly sets Wall Street Pepe apart isn’t just its impressive presale funding – it’s the massive army of $WEPE holders rallying behind it. These investors aren’t just here to ride the hype – they’re united by a common mission: to outsmart the whales that ...

Despite its relatively poor performance throughout the year, Ripple has seen significant whale activity likely to drive XRP back to the $0.60 level in October. Indeed, the asset has been consolidating throughout August and September. Yet, things could change drastically next month. The market anticipates a shift in sentiment as Bitcoin has been historically dominant in October. Often dubbed ‘Uptober,’ it could be set to push a host of cryptocurrencies back to the level it enjoyed earlier this year. Among them could be Ripple, which is in a prime position to thrive alongside an impending market rally. Also Read: Ripple (XRP) & Cardano (ADA) Weekend Price Prediction (Sept 22, 2024) XRP to $0.60? October Could Salvage Ripple’s 2024 Entering 2024, few cryptos had as much potential as Ripple. The asset was poised to settle its years-long lawsuit with the US Securities and Exchange Commission (SEC). Moreover, the entire asset class was set to get a boost in relevance. Althou...

Shiba Inu has long been coveting the ambitious price mark of $0.0005. As time passes, the SHIB ecosystem is leaving no stone unturned to help SHIB claim its leading position in the sector of cryptocurrencies. Here are the two viable reasons hinting at how SHIB’s price jump to $0.0005 is practically inevitable. Also Read: Shiba Inu: SHIB Is Gradually Rising To Claim $0.00006 – Here’s When? Shiba Inu Whales: The Secret Weapon of Success Shiba Inu has long noted stable price momentum without encountering sharp dips or price hikes. This trend is currently being capitalized by SHIB whales, who have been slowly accumulating SHIB tokens at a rapid pace. The data from Into The Block states how large SHIB transactions (amounting to $100,000) have also noted a sudden spike in the last 24 hours, signalling an impressive 71% in metrics. With heightened whale activity under progress, the trend can indicate a potential bullish price hike, which may send SHIB to new price heights, helping it claim th...