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5 key reasons why Bitcoin will likely see new all-time highs soon

On-chain data suggests Bitcoin price will likely breakout to a new all-time-high soon, as whales, miners and long-term hodlers turn bullish again. The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term. Whales stopped selling The number of whales, which are considered Bitcoin addresses with…

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Chainlink Whales Sell With Little Support Ahead

Chainlink looks indecisive from a technical perspective, but on-chain metrics suggest mounting downward pressure with little to no support underneath it.  Chainlink Consolidates Within Narrow Range Chainlink continues consolidating without providing a clear outlook for where it is heading next despite the hype around Grayscale’s launch of a LINK trust fund for institutional investors.  The decentralized oracles token has been making a series of lower highs and higher lows after peaking at an all-time high of $37 on Feb. 20. Such market behavior led to the formation of a symmetrical triangle on the daily chart.   LINK/USD on TradingViewAs Chainlink edges closer towards…

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“Intense” Bitcoin Whale Exchange Flow Could Be Behind Weekend Crash

Bitcoin went into the weekend on a strong note, taking out $11,000 and holding above it. But after the cryptocurrency made an attempt at $11,200 a rejection has the asset’s price back to $10,500 where its now at risk of a steeper correction. Blockchain data shows that the weekend crash could have been driven by whales offloading their BTC. But why did the flow of “whale” funds suddenly get so “intense” and what does this say about how deep the correction goes? Live From Saturday Night! Weekend Bitcoin Price Pump Rejected The leading cryptocurrency by market cap appeared primed to…

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Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed key levels above the $11k mark on Saturday, as the cryptocurrency has seen close to $4 billion in global trade volume. A number of people are watching the current price range and believe the $11,000 region is a key zone to watch. One trader explains that BTC has a number of price hurdles…

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Whale Watch: 68 New Whales Join ETH Network, BTC Holds Lowest Concentration of Whales

Onchain data shows that during the market carnage this past weekend the number of ethereum whales increased significantly, while ETH prices dropped by 30%. Analytics from the data firm Santiment shows 68 new whales joined the network during the last three days. During the last three days, cryptocurrency prices dropped considerably but ethereum (ETH) and a handful of defi tokens took some deeper losses in comparison. Over the weekend after the Sushiswap fiasco, ETH and a number of ERC20 token prices plummeted, losing 30% in value. The lower prices of ETH sparked a buying frenzy and according to Santiment data,…

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Whales Sold More Than 1 Million ETH Before The Recent Collapse

The Whales sold more than 1 million ETH coins before the price of the asset collapsed so the top 100 ETH addresses sold off more than a million tokens a few days ago as we are reading more in the latest Ethereum news. Ethereum’s price has been dropping over the past few days and lost more than $200 in value at one point. According to a report, the price drop came after the top 100 ETH exchange addresses dumped more than 1 million tokens. Until a few days ago, Ethereum’s price was on a roll and the second biggest crypto…

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Andre Cronje Explained: YFI Turns DeFi Traders Into Whales

Andre Cronje explained how the yEarn Finance took DeFi by storm as it was created by the yield automation tool but grew into the stack of different Defi products as we are reading more in today’s crypto news. The most popular product of the protocol is its vaults which automated liquidity mining and yield farming strategies which are gas efficiency, giving the smaller traders a chance to take part in more lucrative opportunities. yEarn is not free from risks but it was communicating to the public clearly. The so-called “revolution” is brewing into DeFi thanks to yEarn finance and gives…

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Fusing With Whales: Cashfusion Privacy Mixing Expands Allowing 10x Bigger Coins

On August 11, 2020, the Electron Cash developer Jonald Fyookball announced that Cashfusion tiers have been expanded to allow 10x bigger coins to be fused. The announcement got the Bitcoin Cash community excited to “fuse with whales,” as the increase has been upped from 0.82 BCH to 8.2 BCH. Cashfusion is a type of coin mixing service, offering wallet providers and others a way to join coins together for increased privacy. The developer behind the Electron Cash (EC) wallet Jonald Fyookball had an important announcement for the Bitcoin Cash (BCH) community on Tuesday. According to the software engineer, the Cashfusion…

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Lowdown on what, why & how Bitcoin whales will move

With every Bitcoin push comes the question of a push back, and when such a question arises all eyes point to the whales. Big movers of the cryptocurrency, operating on a host of exchanges, are even leveraging their trades, whales have a unique place in the Bitcoin market, and they have been the originators of many big moves. Last year when Bitcoin was trading in a tight channel between January to March, on April 2, a large buy order pushed the price over $5,000 for the first time since October 2018. This push allowed the Bitcoin markets enough momentum to…

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Was the Massive Bitcoin Rally Engineered by a Single Whale? Possibly

Yesterday, Bitcoin broke above $10,000 with a $1,500 daily price candle and a push to above $11,400 at the high. During the rally, however, there was evidence of a whale manipulating the crypto market for maximum profit. Was this whale responsible for the Bitcoin pump, or were they simply well prepared in advance to take advantage of any major market movements? Strategic Whale Makes Big Splash, Bigger Profit From Bitcoin Market Manipulation Bitcoin price had been trading in a tight, sideways range for three months, but this week finally broke free and released pent up momentum. The rally propelled Bitcoin…

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