Institutions have embraced Bitcoin but BTC whales still impact the crypto market by using hidden orders and wash trading. Unlike traditional financial markets, crypto exchanges are largely unregulated, and virtually every Bitcoin (BTC) and crypto trader is familiar with various stories detailing the degree to which certain aspects of crypto market price action is manipulated. […]
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Check out this week’s Bad Crypto podcast. An eventful week for Bitcoin this week. It ended down nearly 5 percent but at one point, things were looking much worse. A collapse to $8,900 sparked talk of a three-month correction—which could be exacerbated by the expiration of more than 100,000 Bitcoin options next Friday. So far […]
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Whale numbers have gone up 2% since the halving, while hodlers have added 233,000 BTC to their positions since the year began. Bitcoin (BTC) investors are treating 2020 as a major accumulation opportunity, the latest data shows. Statistics from on-chain monitoring resource Glassnode reveal that June’s BTC price action is even creating more new whales. […]
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Exchanges’ fund flow ratio casts the spotlight on whale behavior after selling pressure sends BTC/USD below $9,000. Bitcoin (BTC) whales tend to dump large amounts of BTC on the market when exchanges are quiet in order to get attention. That was the conclusion from Ki Young Ju, CEO of on-chain analysis provider CryptoQuant, who eyed […]
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The number of Bitcoin whales with the ability to affect the BTC price is approaching 2017 levels, when the token was ascending to $20K. The number of investors holding an immense amount of Bitcoin is starting to approach levels the crypto community hasn’t seen since the cryptocurrency’s rally to $20,000. According to Glassnode’s ‘The Week […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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Check out this week’s Bad Crypto podcast. Bitcoin has spent the last week bashing away at that $10,000 ceiling without quite managing to break through—even as it gained more than 1.5 percent over the last seven days. Analysts have put the failure to rise into five figures down to three factors: a meeting of the […]
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On-chain data provides valuable insight into the Bitcoin network and BTC price action, but which metrics are useful for the average investor? The public nature of blockchains continuously generates an endless stream of data, as every single transaction and address leaves a clear trace. This information, known as on-chain data, provides a way to precisely […]
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An unknown whale has moved $1.3 billion BTC in three transactions. As Bitcoin continues to hold above $9,800, one whale decided now was the time to move more than $1 billion in BTC. According to blockchain data, an unknown Bitcoin (BTC) trader moved over 132,255 BTC — roughly $1.3 billion — in three transactions just […]
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According to Coinbase, the exchange’s autoscaling couldn’t keep up with a 5x traffic spike experienced during a Biyvoin price surge to $10,000. The largest cryptocurrency exchange in the United States said its autoscaling was unable to keep up with a huge traffic spike that left many users unable to log in on June 1. According […]
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