Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&P 500 reached 0.65. Despite the brake anxious investors have put on price activity in […]
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Tag: crypto whales
Data Shows Whales Are Dumping, But Bitcoin Holds Above $60k
On-chain data shows Bitcoin whales are dumping as they make up almost 90% of the transactions to exchanges, but BTC holds support above $60k. Bitcoin Exchange Whale Ratio Says Nearly 90% Of Transactions Are From Whales As pointed out by a CryptoQuant post, BTC has continued to hold support above $60k despite on-chain data showing whales […]
These Ethereum Indicators Show Whales Continue To Accumulate
According to on-chain analysis, some Ethereum indicators are showing signals that whales are continuing to accumulate the cryptocurrency. Ethereum Shows Negative Netflows As Exchange Reserves Continue The Downtrend As pointed out by a CryptoQuant post, ETH indicators seem to be moving in directions that suggest whales are continuing to accumulate. There are three important metrics to […]
Whale Who Sold Bitcoin Before 2020 Crash Cashed Out $156M Before This Week’s 20% Dip
A serial seller with a lot of BTC to their name chose to divest themselves of a large chunk of Bitcoin just before Monday’s crash to $47,400. Bitcoin (BTC) lost 20% in a day partly thanks to the actions of a single whale, new research suggests. Data from on-chain analytics firm Santiment on Feb. 23 showed […]