Despite the recent market downturn, Bitcoin whales have remained calm and held onto their coins. Whales Accumulating since March On-chain data from Santiment shows that large BTC holders (whales) have been accumulating since March 1st. The “Supply Distribution” indicator reveals that the following cohorts have increased their holdings: Sharks (100-1,000 BTC): 43,489 BTC ($2.72 billion)…
Bullish On-Chain Metrics 83% of DOGE holders are in profit. 65% of holders have held for over a year. More DOGE is being moved to self-custodial wallets. A whale transferred 150 million DOGE off exchanges. Upcoming Bullish Events DOGE Day on April 20th (predicted price surge to $0.26). Bitcoin Halving around the same time. Coinbase…
Bitcoin has been struggling lately, with geopolitical tensions causing a sharp drop in its price. But one prominent investor, Samson Mow, remains optimistic. Mow’s View on Bitcoin’s Future Mow believes the current market volatility is just a temporary setback. He’s confident that Bitcoin will bounce back stronger in the long run. He calls this future…
Iraq’s Energy Sector Modernization During a meeting with US officials, Iraq’s Deputy Prime Minister, Muhammad Ali Tamim, discussed plans to modernize Iraq’s energy sector and diversify its economy. One topic was capturing flare gas, a byproduct of oil extraction that is often wasted. Bitcoin Mining and Flare Gas Flare gas can be converted into electricity…
Strategic Accumulation As Ethereum’s price dipped, “whales” (large investors) jumped at the opportunity to buy. One whale, known as “0x435,” spent a whopping $70 million to acquire 23,790 ETH at a price of around $2,930. Timing is Everything The whale’s actions were part of a broader trend of Ethereum accumulation by large holders. On-chain analytics…
A well-known analyst predicts that altcoins will experience a period of subdued price action in the coming months due to the recent market correction. Lack of Retail Inflows Dampens Altcoin Prospects The analyst, The Flow Horse, believes that altcoins will trade sideways until July. According to him, the absence of new retail inflows will keep…
Landesbank Baden-Württemberg, Germany’s largest federal bank, is planning to offer cryptocurrency custody services to businesses in the second half of 2024. Partnership with Bitpanda The bank has partnered with Bitpanda, a crypto custody platform with decentralized finance (DeFi) capabilities. Bitpanda’s platform will be used to provide custody services for cryptocurrencies such as Bitcoin and Ethereum….
Solana whales have been snapping up memecoins at discounted prices after a weekend market correction. Whale Accumulation Two Solana whales bought large amounts of Slerf (SLERF), Book of Meme (BOME), and Jeo Boden (BODEN) from crypto exchanges Kucoin and Binance. One whale spent $4.56 million on BODEN, while the other spent $2.25 million on SLERF…
Former Goldman Sachs executive Raoul Pal believes two crypto ecosystems are vying to become the next major players in the digital asset market. Move vs. Cosmos Pal identifies two primary ecosystems: Move: This programming language powers altcoins like Sui (SUI) and Aptos (APT). Cosmos: This SDK supports coins like Celestia (TIA). Pal’s Analysis According to…
Misconception: Bitcoin Will Hit Another ATH Analysts believe that the current Bitcoin rally is not a sign of an early bull run. They dismiss claims that Bitcoin’s recent all-time high indicates continued gains. Pre-Halving Dips: A Historical Trend Historically, Bitcoin and altcoins have experienced significant dips before halving events. The current pre-halving dip is within…
