News
Bitcoin whales awoke after 14 years of dormancy, having held their BTC since it was trading below $0.78 a coin in 2011.
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Whale News
A cryptocurrency whale, often known simply as a “whale,” is an individual, institution or exchange in the crypto community that holds substantial quantities of cryptocurrencies. Whales hold enough cryptocurrency to be able to manipulate the price of cryptocurrencies. As a result, the state of the market can be understood by observing how whales act, whether they are selling or accumulating.
A whale occasionally posts a sizable order to sell a considerable amount of its cryptocurrency tokens, also called the “sell wall” effect. They maintain a lower price than other sell orders, leading to volatility, which generally lowers the price of digital coins. Following this, there is a domino effect where others sell their tokens at lower prices out of panic. As a result, whales gain more power, as they can purchase more coins for less money.
In addition, whales frequently artificially raise the price of the tokens by placing large buy orders, which is the opposite of the sell wall effect. They increase interest in cryptocurrency tokens, which motivates buyers to improve their offers. In essence, whales impact other token investors through a ripple effect. They can influence the market in their favor by raising and lowering prices.
- Market Analysis
Onchain data points to a major Bitcoin price rally in the making, while short-term price weakness highlights the absence of “new” buyers.
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A trader under the handle qwatio has been liquidated eight times in the last week, with the latest a partial liquidation of an Ether position leveraged by 25X.
9707 - Market Analysis
XRP whale flows flipped bullish in May after months of outflows, hinting at a potential triple-digit price rally.
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The savvy Bitcoin investor made a 496-fold return on his initial $60,000 investment in 2013.
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Whales are betting hundreds of millions on Ether’s price recovery despite the industry’s most successful traders being net short amid escalating conflict in the Middle East.
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BlackRock’s ETF is nearing the $70 billion mark as Bitcoin transactions continue to be dominated by large investors.
26143 - Price Analysis
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs.
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The mysterious $300 million leveraged Bitcoin long comes days after Wynn’s second $100 million leveraged Bitcoin position was liquidated, causing a near $25 million loss.
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The Bitcoin supply held by whale entities has declined by 40% over the past eight years as profit-taking continues.
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Wynn has asked the crypto community for donations to help him fight the “market-making cabal” that he says is hunting for his liquidation.
26348 - Price Analysis
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited.
9092 - Explained
Bitcoin may be decentralized, but its price isn’t immune to the influence of whales, protocol upgrades, ETF approvals and global regulations.
- News
Hyperliquid trader James Wynn has seen his 949 Bitcoin long positions liquidated after the cryptocurrency dipped below $105,000.
5403 - Price Analysis
Investor profit-taking eroded Bitcoin’s bullish momentum and opened the doors to a price consolidation phase. Will traders buy altcoins at a discount?
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