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Crypto Whales Are Selling, But Prices Are Rising – What’s Going On?


by CoinEdition
Crypto Whales Are Selling, But Prices Are Rising - What's Going On
  • Whale activity drop in crypto doesn’t always signal bearish trends or price falls.
  • Bitcoin and Ethereum show recent bullish trends despite decreased whale transactions.
  • XRP, TON, and ADA show positive price trends despite reduced whale transactions.

Recent data indicates a decline in large transactions – those exceeding $100,000 – for major cryptocurrencies like Bitcoin, Ethereum, XRP, Toncoin, and Cardano. This trend, observed from late February to early September 2024, suggests a shift in how large holders, often referred to as “whales,” are interacting with the market.

However, the overall market picture shows that reduced whale activity does not necessarily translate to an impending price drop or bearish trend.

Bitcoin, for instance, saw a significant decrease in large transactions from March to August 2024…

The post Crypto Whales Are Selling, But Prices Are Rising – What’s Going On? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Alex Krüger says recent liquidations and scary charts could set up a bullish rebound,...
Red Wave Hits Bitcoin, Ether & XRP as Liquidations Exceed $500 Million

Red Wave Hits Bitcoin, Ether & XRP as Liquidations Exceed $500 Million

The cryptocurrency market has taken several hits this past week, culminating in short...

Crypto Whales Are Selling, But Prices Are Rising – What’s Going On?


by CoinEdition
Crypto Whales Are Selling, But Prices Are Rising - What's Going On
  • Whale activity drop in crypto doesn’t always signal bearish trends or price falls.
  • Bitcoin and Ethereum show recent bullish trends despite decreased whale transactions.
  • XRP, TON, and ADA show positive price trends despite reduced whale transactions.

Recent data indicates a decline in large transactions – those exceeding $100,000 – for major cryptocurrencies like Bitcoin, Ethereum, XRP, Toncoin, and Cardano. This trend, observed from late February to early September 2024, suggests a shift in how large holders, often referred to as “whales,” are interacting with the market.

However, the overall market picture shows that reduced whale activity does not necessarily translate to an impending price drop or bearish trend.

Bitcoin, for instance, saw a significant decrease in large transactions from March to August 2024…

The post Crypto Whales Are Selling, But Prices Are Rising – What’s Going On? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Alex Krüger says recent liquidations and scary charts could set up a bullish rebound,...
Red Wave Hits Bitcoin, Ether & XRP as Liquidations Exceed $500 Million

Red Wave Hits Bitcoin, Ether & XRP as Liquidations Exceed $500 Million

The cryptocurrency market has taken several hits this past week, culminating in short...