Currencies33047
Market Cap$ 2.88T+1.80%
24h Spot Volume$ 33.46B+24.3%
DominanceBTC60.26%+0.57%ETH6.84%-0.99%
ETH Gas0.33 Gwei
Country flag

English

Cryptorank
 icon
 icon
 icon
 icon
MainNewsPrepping For...

Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC

Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC

Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark. On-chain data has shown a large part of this surge can be attributed to the accumulation by large whales. 

Bitcoin is undoubtedly home to a lot of these whale addresses holding hundreds of millions of dollars and with transactions that can move the market. However, on-chain data has further revealed that the accumulation trend has also flowed into the next cohort of traders. These traders, also known as “Sharks,” are addresses that hold between 100 BTC and 1,000 BTC. According to Glassnode data, shark wallet addresses have accumulated 268,441 BTC in the past 30 days, which is the biggest net position change since 2012. 

Increased Accumulation Of BTC

According to a Glassnode chart shared on social media by crypto analyst James Van Straten, Bitcoin accumulation by shark investors shot up in 2024 to reverse a multi-year consolidation since 2020. As a result, these addresses increased their holdings by 268,441 in 30 days, roughly converting to $18 billion. 

While these sharks do not have as much individual power over price movement as very large whales, their collective behavior is still worth monitoring as they also relate to the sentiment among investors. Consequently, this large accumulation trend could lead to more buying which would signal a continued price surge for Bitcoin.

Bitcoin

The surge in accumulation is not really surprising, as the launch of Spot Bitcoin ETFs in the US has ushered in a bigger wave of accumulation sentiment from all cohorts of Bitcoin investors. As another analyst pointed out on social media, this shark accumulation could’ve been due to ETFs purchasing massive amounts of Bitcoins from Coinbase OTC desks.

Bitcoin whales (addresses holding more than 1,000 BTC) have also upped their activity in the past few days, signaling strategic positioning in the market. Various transaction alerts from Whale Alerts have shown strategic movement from whale addresses.

Notably, the crypto whale transaction tracker has revealed $1.3 billion worth of BTC exchanged between whale addresses in the past 24 hours. Among these large BTC movements was a notable transfer of 3,599 BTC worth $252 million between two unknown wallets. Another notable transaction was the transfer of 3,118 BTC from an unknown wallet to Coinbase Institutional.

Bitcoin To $100,000?

Data from IntoTheBlock has also reiterated this accumulation trend with its net transfer trend from exchanges. Data from ITB’s platform shows a $16.18 billion outflow from exchanges as against a $15.76 billion inflow in the past seven days. Bitcoin is now trading at $67,931 and has failed to stabilize above the $70,000 mark again.

However, the accumulation by whales and sharks, increasing mainstream interest from institutional investors through Spot Bitcoin ETFs, and the approaching halving all point to the possibility of substantial price appreciation to $100,000.

Bitcoin price chart from Tradingview.com

Read the article at NewsBTC

Read More

Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins

Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins

The Bitcoin dominance in the cryptocurrency market is inching dangerously close to a ...
Apr, 19, 2025
2 min read
by NewsBTC
Crypto Gurus Predict Bitcoin Boom ‘In Days’—But Expert Urges Caution

Crypto Gurus Predict Bitcoin Boom ‘In Days’—But Expert Urges Caution

A swirl of bullish proclamations is ricocheting across X as macro‑minded influencers ...
Apr, 18, 2025
3 min read
by NewsBTC
MainNewsIs Ross Open...

Is Ross Open on Easter?


Mar, 30, 2024
2 min read
by Watcher.Guru
Is Ross Open on Easter?

The winter holiday season may be behind us, but the celebration is continuing for many as Easter is right around the corner. Taking place this Sunday, March 31st, the holiday has become one of the most popular in a plethora of countries. However, the presence of such a celebration makes business hours always a little tricky. Therefore, in this guide, we will answer if Ross is open on Easter.

There is always a lot of hecticness that coincides with the arrival of the holidays. With so many families around, there is often a rush to get everything that we need for the celebration, and make sure everyone involved is happy and accounted for. Yet, one of the most important aspects of that is the entire family ensuring that they look their best.

Ross
Source: Dayton Daily News

Also Read: Does Ross Take Apple Pay?

In the United States particularly, there are few better and more affordable options than Ross Dress For Less. Often just referred to as Ross, the company allows its shoppers to acquire fashionable clothing for a fraction of the price they’d encounter at traditional boutiques.

Moreover, Ross has become a viable presence throughout the country. Indeed, the company boasts more than 1,700 locations throughout the United States. This means that, wherever you are located, you’re likely not far from a Ross store.

However, the presence of Easter would make any planned shopping rather difficult for many families. Therefore, let’s delve into the holiday hours and schedule for the clothing store. Moreover, we’ll answer if Ross is open on Easter Sunday.

Also Read: Walmart to Install 8000 Bitcoin ATMs Across the US

Is Ross Open on Easter

Ross
Source: The List

As previously stated, Ross has emerged in popularity among the modern consumer. Its offering of highly fashionable attire at a very low cost has undoubtedly endeared it to shoppers in the modern economy. So, is it a destination that you can take the family during this upcoming holiday?

Unfortunately not, as Ross is not open on Easter. According to the most recent data, Ross locations are typically closed in observance of the holiday. This is predominately the case for most of the locations throughout the countries.

Also Read: Is Target Open on New Year’s Day?

However, it is still important for individuals to check with their local stores, as holiday hours can vary by location. Therefore we would highly recommend visiting Ross’s store locator, and seeing if their schedule differs from most.

Yet, it is still likely that the store is not operating on this day, as it appears to be consistent across all of the company’s locations. If you do have last-minute shopping that is necessary, stores like Walmart, Walgreens, Big Lots, Kroger, and more should be open and ready to serve the holiday crowd.

Read the article at Watcher.Guru

Privacy & Cookies Statement

Please read and accept our Privacy Policy & Cookies Statement to continue using our Site. This policy governs your provision of your personal data necessary to access our Site and/or particular services.

I have read, understood, and hereby accept the Privacy Policy & Cookies Statement and accept only essential cookies.