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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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BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Ancient Bitcoin Whales Come Alive After Lying Low for a Decade, Move Over $11,000,000 in BTC: On-Chain Data

Ancient Bitcoin Whales Come Alive After Lying Low for a Decade, Move Over ,000,000 in BTC: On-Chain Data

The latest on-chain data is showing that long-dormant Bitcoin (BTC) wallets are awakening after over a decade of inactivity. The whale-surveying platform Whale Alert says on the social media platform X that an ancient crypto wallet containing 25 BTC worth $1.43 million at time of writing has been activated after 10.6 years of slumber. According […]

The post Ancient Bitcoin Whales Come Alive After Lying Low for a Decade, Move Over $11,000,000 in BTC: On-Chain Data appeared first on The Daily Hodl.

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Whale Watching: A Deep Dive Into the Portfolios of the World’s Largest Ethereum Whales

Whale Watching: A Deep Dive Into the Portfolios of the World’s Largest Ethereum WhalesWhile there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention. According to statistics in 2022, there are a lot more ethereum whales than holders with large sums of bitcoin. In fact, while the top 100 richest bitcoin addresses […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Whale Watch: A Deep Dive Into the Concentrations of Large Crypto Holders

Whale Watch: A Deep Dive Into the Concentrations of Large Crypto HoldersThree months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Spending a String of 20,000 BTC — 2 Bitcoin Whale Transactions Move Over $1.2 Billion

Spending a String of 20,000 BTC — 2 Bitcoin Whale Transactions Move Over .2 BillionOn November 1, at block height 707,639, a blockchain parser caught two bitcoin whale transfers that moved approximately 19,876 bitcoin worth $1.2 billion in the mix of 2,819 transactions. Interestingly, the owner used a similar splitting mechanism the old school mining whale blockchain parsers caught, spending strings of 20 block rewards throughout 2020 and 2021. […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

As Bitcoin’s Price Spikes Pods of BTC Whales Begin to Shrink in Size

As Bitcoin’s Price Spikes Pods of BTC Whales Begin to Shrink in SizeRecent metrics from a variety of analytical web portals show that the quantity of bitcoin whales has been shrinking in recent times. The data indicates that the leading crypto asset has been distributed quite a bit since the price run-up started. Pods of Bitcoin Whales Shrink — Addresses With Small Quantities of Bitcoin Catch the […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations

Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address ReorganizationsThe price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However, onchain data […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent

Whales Move Over  Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 SpentAfter bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation