Crypto Whale Accumulations Drive Swift Market Recovery, Say Analysts
🐋
Bitcoin (BTC), Ethereum (ETH), and the broader crypto market have notably recovered following a recent market meltdown. After dipping to the $49,000 level, Bitcoin is now trading at $57,375, and Ethereum has regained its footing at $2,519 after plunging to $2,100.
Data from Santiment revealed that large-scale investors, or whales, have been accumulating these crypto assets, driving the rebound over the past 30 hours. On-chain data from CryptoQuant shows 404,000 Bitcoins moved to permanent holder addresses in the past 30 days.
Ki Young Ju, CEO of CryptoQuant, noted significant inflows of 40,000 Bitcoin to US spot exchange-traded funds (ETFs). He indicated that these actions clearly suggest accumulation by new whales. Additionally, there has been an absence of major selling activity by long-term holders, who instead transferred their holdings to new whales.
Despite bullish sentiments, potential macroeconomic risks could lead to forced sell-offs. Analysts pointed out large deposits by firms like Jump Trading as examples of this risk. Still, the overall market sentiment remains positive.
Juan Pellicer, Senior Researcher at IntoTheBlock, highlighted a net inflow of stablecoins to exchanges, indicating that investors are looking to purchase assets. A CoinGecko report emphasized that the recent market crash was less severe than past corrections, like the one during COVID-19.
Source: beincrypto.com ↗
Podobne artykuły (59)
Ethereum whales buy big as ETH bottom approaches, analysts predict
Ethereum whales buy big as ETH bottom approaches, analysts predict
Ether poised for price breakout after summer slump in crypto markets
Ethereum Whales Dominate, Binance ETH Holding Drops: A Supply Crisis Incoming?
Ethereum Drops 35% In 2 Months: Why Is This Smart Whale Buying? Scoops 5,000 ETH In 2 Days
Ethereum Is Flat, and Whales Selling: More Pain to Follow?
Ethereum Whales Valued $19M Enter New ICO Priced $0.00177 With ETH Profits
40,000 Ethereum Withdrawn From Derivativees, Mpeppe Joins Altcoin Surge As ETH Whales Join Pump
Ethereum Bullish Signal: Whales Show $530 Million Buying Spree
BTC and ETH Whales Down: How Will It Impact Broader Market?
Ethereum Whales Accumulating: Time to Bet on ETH Price?
Ethereum Plunging As Whales Keep Offloading
Whales Boost Ethereum Holdings
Whale Transaction Alert: 1,800 Ethereum (ETH) tokens Worth $4.7 Million Transferred!
Ethereum Price Risks Falling As Whales Dump $60M ETH
Ethereum Whale Capitalizes on Price Drop, Increases Holdings by 50%
Ethereum Whales Boost Holdings During Market Turmoil
Ethereum’s $3,000 dream fades as whale investors pull back – What now?
Whale Invests Heavily in Ethereum
Corporate Ethereum (ETH) Whales Are On The Move Again! Is New Selling Pressure Coming? Here's What They've Done!
Ethereum (ETH) Whales Abandon Ship as Coin Dips by Double Digits
Ethereum Whale Makes $37.6M Profit After 8.5 Years
Ethereum whales buy $19 mln in ETH – Bullish sign?
Bitcoin and Ethereum Whales Activity Sparks Concern; Crypto Bear Market Imminent?
LUNA Shorting Whale Goes Long on Ethereum with $10.43M Bet
Ethereum Whales Buy 200K ETH in 3 Days Says Analyst, Smart Money Set to Invest in RCOF and FET
Ethereum ICO Whale Dumps Another 5000 ETH, Crash To Worsen?
Whale Buys Large Amounts of ETH
Ethereum Whale Buys $13M of ETH, Bullish Signal?
Ethereum Price Analysis: Whales Buy 500K ETH, $3,000 next?
Whales Buy Ethereum Below Resistance
Buy or Sell Signal? Ethereum Whales Purchase $340 mln of ETH
Ethereum whales play their part as ETH repeats 2019 pattern: What’s next?
Ethereum (ETH) Whales Quiet Since July: September Comeback in Focus
Buy or Sell Signal? Ethereum Whales Purchase $340 mln of ETH
Ethereum: Can rising adoption offset whale sell-offs?
Ethereum (ETH) Wind Blows in the Markets! Giant Corporate Whale Sold, Bottom Whale Started Buying Again!
Whales Buy Large Amounts of Ethereum
Whales Accumulate Ethereum as It Stays Below Key Resistance
Ethereum Faces Significant Price Decline Due to Whale Activity
Ethereum Whales Increase Holdings Despite Market Fluctuations
Ethereum Price Drops 2% Amid Whale Transfers to Centralized Exchanges: What’s Next?
Ethereum (ETH) Whales Capitalize on Market Consolidation with Major Buying Spree
Ethereum Attracts Whales as It Outpaces Bitcoin in Value Loss
Ethereum Whales Reduce Holdings as ETH Struggles Below $3,000
Ethereum Whale Accumulates Over $100 Million in ETH Amid Market Downturn
Ethereum Whales Accumulate as ETH Prepares for Potential Bullish Reversal to $2.9K
Whale Strikes Again: Ethereum Investor Purchases $11.46 Million in ETH Amid Market Volatility
Ethereum Whales Make Major Moves: Potential Correction Ahead, Analysts Warn
Ethereum Whales Trigger Bullish Surge with $56 Million ETH Accumulation
Ethereum Whales Trigger Bullish Market Sentiment with $56 Million Buying Spree
Ethereum Price Eyes $3,000 as Whales Accumulate 500K ETH and Gas Fees Hit 5-Year Low
BlackRock’s $109.9M Ethereum (ETH) Purchase Amid Price Decline Sparks Whale Accumulation
Whale ‘7 Siblings’ Accumulates $129 Million in Ethereum Amid Market Correction
Ethereum Whales Scoop Up 144,000 ETH During Market Dip: Latest Crypto Updates on CRV, MKR Coin, and More
Ethereum Whale with 100% Win Rate Accumulates $70M in ETH: On-chain Data
Ethereum Price Plunge of 23% Costs Crypto Whales Millions
Ethereum (ETH) Whales Seize Opportunity Amid Price Drop with Massive Purchases
Ethereum (ETH) Faces Increased Selling Pressure Amid Significant Whale Transactions
