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Two Bitcoin whales buy $142M BTC after Trump’s win

The two whales have acquired $142 million worth of Bitcoin since Trump’s victory in the US election was confirmed, showing growing investor demand for Bitcoin.

Two large Bitcoin investors, known as whales, are significantly increasing their holdings, reflecting growing interest in risk assets after Donald Trump’s win in the United States presidential election.

On Nov. 6, Trump was declared the winner of the presidential election, securing his second term, which will begin on Jan. 20, 2025.

Trump’s victory bolstered investor appetite for risk assets such as Bitcoin (BTC), which hit a new all-time high of $76,400 shortly after Trump was elected president.  

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Bitcoin whale accumulation mirrors 2020 trend where BTC rallied 550% 

New and old Bitcoin whale wallets have been gobbling up BTC, mirroring a 2020 trend that saw the asset rally by 550%.

With Bitcoin (BTC) price making a run at the $70,000 level, whale wallets are accumulating BTC at a speed which closely resembles July 2020 to January 2021 when Bitcoin rallied by 550%.

According to Woominkyu, a verified author on CryptoQuant, this historical trend has investors excited about a potential BTC breakout. As illustrated in the chart below, the Bitcoin whale ratio on spot exchanges is currently similar to the ratio observed around July 2020 after the COVID-induced crash in March.

Bitcoin exchange whale ratio chart. Source: CryptoQuant

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

61 New Bitcoin Addresses Holding 1,000 to 10,000 BTC Emerge in 2024

61 New Bitcoin Addresses Holding 1,000 to 10,000 BTC Emerge in 2024Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783. Bitcoin dolphins, sharks, and whales, those with between 100 to 10,000 BTC, made a noticeable splash, with 101 […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Sub $50K Bitcoin correction remains in play as whales look to sell BTC

Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut, but will it fall below $50,000 this weekend?

A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month.

The Bitcoin (BTC) price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits.

One savvy whale address sold 100 BTC, worth over $5.3 million, to lock in over $206,000 in profit. 

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Bitcoin sell pressure risk as $1.7B in dormant BTC moves over 2 days

The movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, according to an onchain analyst.

A recent $1.7 billion shift of “dormant” Bitcoin could lead to increased selling pressure in the crypto market, according to an on-chain Bitcoin analyst.

In an Aug. 13 post to CryptoQuant, pseudonymous trader XBTManager wrote that a total of 29,206 Bitcoin (BTC) that had been laying dormant for up to three years had been transferred on-chain between Aug. 11 and Aug. 12.

XBT shared that 18,536 BTC that had been inactive for 2-3 years were shifted on Aug. 11 and created noticeable pressure on the price of Bitcoin. An additional 5,684 BTC that had been inactive for 3-6 months were also moved a few hours later.

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Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Trump Has Raised $25M From Crypto Industry and Bitcoin Whales

Trump Has Raised M From Crypto Industry and Bitcoin WhalesFormer U.S. President and presidential candidate Donald Trump has raised $25 million from the crypto industry and bitcoin whales since he began accepting donations in cryptocurrencies. He has made several promises to support the crypto sector if elected, including the replacement of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Trump Raises $25 Million […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Whales Accumulate Over $16,781,000,000 in Bitcoin Since ETF Launch As BTC Enters Institutional Era: IntoTheBlock

Whales Accumulate Over ,781,000,000 in Bitcoin Since ETF Launch As BTC Enters Institutional Era: IntoTheBlock

New data from market intelligence firm IntoTheBlock reveals that deep-pocketed crypto investors have accumulated tens of billions of dollars worth of Bitcoin since BTC exchange-traded funds (ETFs) launched in January. In a new article, IntoTheBlock says that the top crypto asset by market cap’s era of institutional adoption is here as crypto whales have gobbled […]

The post Whales Accumulate Over $16,781,000,000 in Bitcoin Since ETF Launch As BTC Enters Institutional Era: IntoTheBlock appeared first on The Daily Hodl.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Mega Whale Moves 2,000 Dormant Bitcoins From 2010 in Third Series of Transfers This Month

Mega Whale Moves 2,000 Dormant Bitcoins From 2010 in Third Series of Transfers This MonthOn March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

The Tale of the Mysterious 2010 Bitcoin Whale: A Pattern of Consistent Liquidation Uncovered

The Tale of the Mysterious 2010 Bitcoin Whale: A Pattern of Consistent Liquidation UncoveredOnchain analysts are focusing on the significant whale transactions occurring this month, revealing that 3,000 bitcoin from 2010 block rewards have been moved for the first time in nearly fourteen years. However, what many may not realize is that this sequence of block reward disbursements from 2010 isn’t a new activity for this particular whale, […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

Mega Whale Resurfaces: 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210

Mega Whale Resurfaces: 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at ,210On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. 2010 Bitcoin Whale Moves Millions as Prices Peak This prominent whale, known […]

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’