Whales Go on a Buying Spree Following rumors of an Ethereum ETF approval, Bitcoin’s price briefly touched $70,000. Despite the SEC’s approval, BTC fell back below $70,000. However, recent data suggests a possible recovery. Crypto analyst Ali Martinez reports significant buying activity among “whales” (large investors). These whales have purchased over 20,000 BTC ($1.34 billion)…
Ethereum’s price has been stuck in a range between $3,949 and $3,627 for the past few days. This is after a recent rally that saw the cryptocurrency rise over 10%. When prices consolidate like this, it means they’re building momentum to either break above or below the range. It’s hard to predict which way it…
A bank employee has been indicted by the U.S. Department of Justice (DOJ) for allegedly stealing over $2.1 million from customers. Unauthorized Transactions and Illicit Accounts Yue Cao, of Winfield, Illinois, is accused of creating a network of unauthorized transactions and illegal accounts to siphon funds from victims. He allegedly targeted elderly customers who had…
Axie Infinity (AXS), a blockchain gaming altcoin, is showing signs of a potential surge, according to crypto trader Ali Martinez. Inverse Head-and-Shoulders Pattern Martinez analyzed AXS’s weekly chart and identified an inverse head-and-shoulders pattern. This pattern suggests that AXS could rise to $13, a 73% increase from its current price of $7.49. A further breakout…
Spot market Bitcoin exchange-traded funds (ETFs) have seen a remarkable nine-day streak of inflows, totaling over $1.75 billion. Daily Inflows Since May 14th, BTC ETFs have consistently received positive inflows, with May 15th and May 21st witnessing the largest gains of $303 million and $305.7 million, respectively. Grayscale Outflows The only exception to this trend…
Binance, the popular crypto exchange, has announced that it will soon support a new DeFi altcoin on its Megadrop token launch platform. What is Megadrop? Launched in April, Megadrop is a platform that gives users early access to assets that are not yet listed on Binance’s exchange. It features airdrops and Web3 quests to engage…
Whales Accumulate Billions Bitcoin whales, investors with large holdings, have been on a buying spree, adding 20,000 BTC (worth $1.4 billion) to their wallets in the past week. This coincides with Bitcoin’s recent surge above $70,000. Institutional Investors Join the Party Institutional investors are also betting big on Bitcoin. Spot Bitcoin ETFs have seen inflows…
Bitcoin’s price has dipped back to $67,000 after a brief surge above $71,000. Analysts are closely monitoring the situation to determine the cryptocurrency’s next move. Bullish Scenario The recent drop below $70,000 has put Bitcoin in a critical position. However, the current level of $67,000 is crucial for its next steps. Analyst The Signalyst believes…
Transfer Details Sam Bankman-Fried, the co-founder of the FTX crypto exchange, has been moved to a temporary detention center in Oklahoma City. This is despite a judge’s request to keep him in New York for his appeal. Reason for Transfer Bankman-Fried is serving a 25-year sentence for orchestrating a fraud at FTX. The Oklahoma facility…
Funding Rate Plunges Dogecoin’s open interest-weighted funding rate has nosedived by 50% in the past 24 hours. This suggests a shift towards bearish sentiment among investors. As the price of Dogecoin climbed, the funding rate rose, indicating bullishness. However, as the price has retreated, the funding rate has plummeted, showing a bearish reversal. Open Interest…
