Sunday, June 8, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT market makes a modest comeback as Bitcoin hits $105k level

    NFT market makes a modest comeback as Bitcoin hits $105k level

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    from color as theory to generative art with NFTs

    from color as theory to generative art with NFTs

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Mintable unveils green NFT card game at Singapore climate festival

    Mintable unveils green NFT card game at Singapore climate festival

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

  • Gaming
    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    A Steam Deck Rival That Supports Crypto Games

    A Steam Deck Rival That Supports Crypto Games

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT market makes a modest comeback as Bitcoin hits $105k level

    NFT market makes a modest comeback as Bitcoin hits $105k level

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    from color as theory to generative art with NFTs

    from color as theory to generative art with NFTs

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Mintable unveils green NFT card game at Singapore climate festival

    Mintable unveils green NFT card game at Singapore climate festival

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

  • Gaming
    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    A Steam Deck Rival That Supports Crypto Games

    A Steam Deck Rival That Supports Crypto Games

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Is Bitcoin’s bottom near? These wallets hold the clue

July 12, 2024
in Bitcoin
1
Is Bitcoin’s bottom near? These wallets hold the clue
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin’s accumulation was strong among custodial wallets.
  • The largest crypto exchange, Binance, has added to its reserves, just like in early 2024.

Bitcoin [BTC] showed signs of accumulation despite its price drop below the $60k zone. Its ETF inflows have been positive over the past few days, which was an encouraging sign about its market sentiment.

Bitcoin ETF Flow Table

Source: Farside Investors

There was huge buying pressure behind the king coin, but is it enough to overcome the correction of the past month? Should traders prepare for a quick recovery or hunker down for a consolidation phase?

Bitcoin permanent holders add to their positions

Bitcoin Binance Reserve

Source: Axel Adler on X

Crypto analyst Axel Adler observed in a post on X (formerly Twitter) that since the Bitcoin correction began just over a month ago, 41k BTC were added to the Binance reserves.

The exchange accumulates BTC for its reserves and liquidity purposes. January 2024’s additions were followed by a strong rally beyond $40k.

It might not be surprising if they, with their experience and expertise, have been buying the dip for a month now. Traders might not want to take this as actionable information, but more as food for thought.

Bitcoin Accumulation Addresses

Source: Ki Young Ju on X

Ki Young Ju, the founder and CEO of CryptoQuant noted that custodial wallets with no outflows have been adding during the price dip. They accumulated 85k BTC over the past month, while 16k BTC flowed out of ETF reserves.

This meant that the market-savvy long-term holders were adding to their bags while the more retail-oriented ETFs were responding to their clients’ pressure, revealing a possible divide between smart money and retail sentiment.

See also  USDT fuels Bitcoin's '13th largest' recovery - Everything you need to know

Examining whale behavior

Bitcoin Supply Distribution

Source: Santiment

The whale cohort with 1k-10k BTC holdings has been selling since mid-May, which was not encouraging. However, the 10k-100k holders had aggressively added in late May but sold a good portion toward the end of June.

Meanwhile, the smaller wallets with 100-1k Bitcoin also accumulated.

Bitcoin Drawdowns

Source: Axel Adler on X

The chart from Axel Adler underlined the need for investors to not lose their heads. The previous cycles saw many sharp price downturns.


Read Bitcoin’s [BTC] Price Prediction 2024-25


The current one might not be at an end, and $52k and $46k are the next levels to watch.

Based on the data at hand, the price bottom might be near, but it’s unclear just how near, and traders would want to be prepared for a scenario where the $52k support might temporarily be lost.

Next: Ondo Finance gains 14% after Pyth integration: Can ONDO bulls still buy?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Bitcoin’s accumulation was strong among custodial wallets.
  • The largest crypto exchange, Binance, has added to its reserves, just like in early 2024.

Bitcoin [BTC] showed signs of accumulation despite its price drop below the $60k zone. Its ETF inflows have been positive over the past few days, which was an encouraging sign about its market sentiment.

Bitcoin ETF Flow Table

Source: Farside Investors

There was huge buying pressure behind the king coin, but is it enough to overcome the correction of the past month? Should traders prepare for a quick recovery or hunker down for a consolidation phase?

See also  Reason behind Bitcoin's slumping network activity

Bitcoin permanent holders add to their positions

Bitcoin Binance Reserve

Source: Axel Adler on X

Crypto analyst Axel Adler observed in a post on X (formerly Twitter) that since the Bitcoin correction began just over a month ago, 41k BTC were added to the Binance reserves.

The exchange accumulates BTC for its reserves and liquidity purposes. January 2024’s additions were followed by a strong rally beyond $40k.

It might not be surprising if they, with their experience and expertise, have been buying the dip for a month now. Traders might not want to take this as actionable information, but more as food for thought.

Bitcoin Accumulation Addresses

Source: Ki Young Ju on X

Ki Young Ju, the founder and CEO of CryptoQuant noted that custodial wallets with no outflows have been adding during the price dip. They accumulated 85k BTC over the past month, while 16k BTC flowed out of ETF reserves.

This meant that the market-savvy long-term holders were adding to their bags while the more retail-oriented ETFs were responding to their clients’ pressure, revealing a possible divide between smart money and retail sentiment.

Examining whale behavior

Bitcoin Supply Distribution

Source: Santiment

The whale cohort with 1k-10k BTC holdings has been selling since mid-May, which was not encouraging. However, the 10k-100k holders had aggressively added in late May but sold a good portion toward the end of June.

Meanwhile, the smaller wallets with 100-1k Bitcoin also accumulated.

Bitcoin Drawdowns

Source: Axel Adler on X

The chart from Axel Adler underlined the need for investors to not lose their heads. The previous cycles saw many sharp price downturns.


Read Bitcoin’s [BTC] Price Prediction 2024-25

See also  Sonic Testnet ‘Odyssey’ Hits 100K Wallets and 17M Transactions

The current one might not be at an end, and $52k and $46k are the next levels to watch.

Based on the data at hand, the price bottom might be near, but it’s unclear just how near, and traders would want to be prepared for a scenario where the $52k support might temporarily be lost.

Next: Ondo Finance gains 14% after Pyth integration: Can ONDO bulls still buy?
Tags: BitcoinsBottomclueholdwallets

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Top 10 Blockchains Raking in Billions! Who Leads the Pack?

Top 10 Blockchains Raking in Billions! Who Leads the Pack?

Comments 1

  1. viyie says:
    1 day ago

    how to get cheap clomid pill clomid bula profissional can i get clomiphene online cost clomiphene without rx cost clomiphene online get cheap clomiphene online buying cheap clomid pill

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Arkham Intelligence says – ‘Previous Tesla Bitcoin transfers were simply…’

Arkham Intelligence says – ‘Previous Tesla Bitcoin transfers were simply…’

October 23, 2024
What Do McDonald’s Burgers, JP Morgan, and Blockchain Technology Have in Common?

What Do McDonald’s Burgers, JP Morgan, and Blockchain Technology Have in Common?

October 12, 2023
How blockDAG is the Next Evolution of Blockchain

How blockDAG is the Next Evolution of Blockchain

January 17, 2024
Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K

Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K

November 3, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players
  • A Steam Deck Rival That Supports Crypto Games
  • NFT market makes a modest comeback as Bitcoin hits $105k level

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.