The ongoing surge in the price of Bitcoin has been attributed to the accumulation trend observed among large whale addresses. However, recent on-chain data reveals that this accumulation trend has also extended to the next cohort of traders known as “Sharks.” These addresses hold between 100 BTC and 1,000 BTC and have recently accumulated a
Bitcoin
The Bitcoin price has seen a significant resurgence over the past week, leading to optimism in the cryptocurrency market. This renewed momentum has not only affected Bitcoin but has also resulted in profits for other major cryptocurrencies. The current price action of Bitcoin seems to be indicating a bullish trajectory, with the formation of an
The past week saw a significant increase in Bitcoin (BTC) prices, with the crypto asset surging by 9.34% to trade above $71,000, according to data from CoinMarketCap. This upward trend has left many BTC investors excited about the potential for large price gains in the current bullish cycle. However, amidst these optimistic forecasts, Bitwise CEO
Last week, the market experienced significant turbulence due to the outflows from the Grayscale Bitcoin ETF, causing a sharp decline in the BTC price. However, the following week has shown a shift in sentiment as investors have become more bullish on Bitcoin. The outflows from the Grayscale ETF have slowed down considerably, reaching one of
Bitcoin (BTC) has recently hit the milestone of surpassing the $70,000 mark, sparking speculations of a potential surge in the near future. Analysts like Ali Martinez have identified a bullish technical pattern on Bitcoin’s 4-hour chart, known as a bull flag. This pattern typically follows a significant price increase and signals a consolidation phase with
The recent surge in Bitcoin prices has brought back the bulls into the crypto market, with the spotlight shining on Spot Bitcoin ETFs once again. According to Farside Investors, the Spot Bitcoin ETFs have seen a remarkable amount of inflows, with a total of $243 million recorded on March 27. Interestingly, this influx of funds
The recent surge in the price of Bitcoin has captured the attention of large Bitcoin whales, who are taking advantage of the dip to buy more coins at discounted prices. These whales, holding at least 1,000 BTC, have been increasing their holdings over the past three months, signaling their bullish outlook on the cryptocurrency market.
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has reached a 9-year low. This significant drop in Bitcoin balance on the popular exchange suggests that investors are opting to move their holdings off exchanges and hold for the long term, rather than engage in short-term selling.
As a cryptocurrency enthusiast, Rekt Capital has pointed out a compelling similarity between the recent Bitcoin pre-halving retrace and the one that occurred in 2020. This observation comes at a time when Bitcoin has shown momentum in its price, surging above $70,000 after a period of decline. According to Rekt Capital, the current pullback may
In the realm of cryptocurrency, Bitcoin remains a key player that is closely scrutinized by experts and analysts alike. Doctor Profit, a renowned cryptocurrency expert, has recently shed light on specific regions that hold great importance for Bitcoin at this juncture. His insights have sparked optimism within the crypto community, hinting at a potential surge