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Whales On a Buying Spree: Large Bitcoin, Ethereum, Ripple Addresses Keep Accumulating in April

Despite the highly volatile month of April so far, cryptocurrency whales have kept accumulating sizeable portions. On-chain data reveals that large BTC addresses have expanded their holdings by nearly 100,000 coins in several weeks. Similar developments are seen for Ethereum (ETH) and Ripple (XRP) as well. BTC Whales Keep on Buying Although April has been historically a highly favorable month for bitcoin, this year, the situation is somewhat different. Consequently, it appears that some of the severe price dumps will prevent BTC from closing its seventh consecutive month in green. However, these volatile movements haven’t deterred bitcoin whales – meaning…

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

After 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 into Sunday, two major whale transactions stemming from Binance resulted in three new massive wallets. One wallet contains 58k in bitcoin worth more than $3.3 billion using today’s exchange rates. Over $4 Billion in Bitcoin Moved Yesterday Yesterday on April 18, 2021, Bitcoin.com News alongside…

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Report: After Buying Bitcoin’s Bottom In March, Whales Continue Accumulating

Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak. On the Bitcoin blockchain, as the amount of BTC being transacted increases, the number of transactions decreases. In other words, “the larger the movement of coins on the Bitcoin blockchain, the less common it is.”  Small Transfer Moving With Bitcoin Price But for one thing, smaller transfers between 0 and 1 BTC are more dominant…

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Despite Bitcoin’s Latest Price Crash, BTC Whale Addresses Are At ATH

A recent report compiled by Santiment revealed that the number of Bitcoin whale addresses had been gradually increasing in the past few years. The growing accumulation levels and HODLing mentality could reduce the impact of short-term bearish developments and pump BTC in the long-run. Bitcoin Whales At ATH BTC whales are considered individuals or organizations holding at least 1,000 bitcoins in one address. According to Santiment’s report shared with CryptoPotato, the number of such addresses has recently marked a new all-time high. BTC Whale Addresses. Source: Santiment As illustrated in the above chart, BTC whales were accumulating and HODLing prior…

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Whaling season hurts Bitcoin, XRP, Ethereum & Chainlink

Cryptocurrencies and their proponents take a lot of pride in the former’s decentralized nature. In fact, if you ever hear someone pitching Bitcoin to someone else, you can be pretty sure that decentralization and a lack of central authority will be one of the first features he/she will highlight. A pitch like that is well and good, but how is it coming out in practice? Well, a recent report seemed to answer that question in the negative. The reason – Whales. The report in question, Santiment Pro’s latest weekly report, assessed 850 of the market’s top crypto-assets. Following the same,…

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Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows

The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% since June 2015. At the same time, whale-sized bitcoin wallets holding between 100 to 100,000 BTC have dropped to 49.8% from 62.9% five years ago. The figures suggest mass adoption is on the rise and that the top cryptocurrency is becoming more decentralized. “Control of…

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$1 Billion Worth of Bitcoin Just Sent For a $4 Fee

Bitcoin’s network is known for a lot of things, and low transaction fees are undoubtedly one of them. Less than an hour ago, we saw another example of this as upwards of $1 billion worth of BTC was transferred from one address to another for a fee of $4 at current rates. $1 Billion Worth of BTC Transferred for $4 Whale transactions are not uncommon in the cryptocurrency field. At the beginning of July, CryptoPotato reported that someone had moved $933 million worth of Bitcoin (around 101,860 BTC) for about $0.48. This represented about 0.5% of Bitcoin’s total supply. Now,…

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