Tag Archives: bitcoin whales

Recent data indicates that the number of Bitcoin whales (containing more than 1,000 BTC) has grown by nearly 9% in the past year. Interestingly, even after the completion of the third halving, whales continue to accumulate, which contradicts with their past performance.BTC Whales On A Shopping SpreeData provided by the monitoring company Glassnode displays the yearly performance of Bitcoin whales.Bitcoin Whales (Addresses With Over 1,000 BTC). Source: GlassnodeThe number of BTC addresses...

New data comparing Bitcoin’s fundamentals now and around the second halving in 2016 demonstrates the immense growth of the network.Double, triple, and even quadruple-digit increases are evident in almost all areas, including the number of BTC addresses, the hashrate, and the daily transaction volume.2016 Vs. 2020 Bitcoin AddressesWhile most members of the community are focused on the volatile price movements around the halvings, new information compiled by GlassNode takes a thorough look at...

Bitcoin accumulation is on the rise in the past few weeks, according to new information. BTC hodlers are stashing more coins daily now than they did at any time in the last year.The question remains if the upcoming Halving scheduled to take place in May is the primary reason behind this, or is it something more.BTC Hodlers Increase Their PositionsPer data provided from the monitoring resource, Glassnode Insights, the primary cryptocurrency has seen lots of accumulation phases in the past...

With the third Bitcoin Halving just around the corner, the number of BTC whales is on the rise again, similar to what happened before the previous one in 2016. Individuals and entities owning at least 1,000 of the primary cryptocurrency are currently at a 2-year high.BTC Whales Accumulate Before The Halving?The Bitcoin Halving is one of the most anticipated events in the cryptocurrency community this year. It will slash the block rewards for miners to 6.25 BTC per block. It’s scheduled to...

Over 100,000 bitcoins were transferred from one unknown wallet to another yesterday. The transaction was equal to more than $633M, and the fee paid is less than $1.Despite some fears of a possible BTC dump, it turned out that the cryptocurrency custody giant Xapo made an internal transfer.101K BTC On The MoveThe popular monitoring resource, Whale Alert, caught the enormous transactions on April 1st. It involved 101,857 BTC, which, at the time, were the equivalent of $633,535,530.? ? ? ? ? ? ?...

On the same day that Wall Street took its hardest plunge since the 1987 Black Monday crash, Bitcoin’s price cratered from a touch under $8,000 per 1 bitcoin to the $3,700 handle within 24 hours. This is calling into question the entire thesis of Bitcoin as an uncorrelated asset.Here’s why it shouldn’t.Bitcoin Market Cap Is Too Small to CorrelateWhile Bitcoin has an impressive market cap for “fake Internet nerd money,” it is too small to possibly be correlated with markets.People don’t seem to...

Bitcoin set the stage for an impressive price increase throughout the whole market with a positive run to over $8,800 at one point. Amid all this, the popular transaction monitoring resource, Whale Alert, detected a $1 billion transaction carried out with BTC.$1 Billion Transferred For $80The last 24 hours have been nothing short than impressing in the market. The largest crypto was trading at around $8,100 before it skyrocketed to $8,850 on Bitstamp in just several hours. Even though it has...

Early Wednesday morning, 43,564 BTC – worth more than $313 million at current prices – was withdrawn from Bittrex to an unknown wallet. To put that in perspective, it’s almost as much as the daily trading volume of Bitfinex and Coinbase combined.$313 Million Sent only for $1: Try That With FiatWhat is remarkable about this particular transaction – aside from the size – is that the fee to transfer that much Bitcoin was only $1. You can’t even buy a cup of decent coffee for $1 anymore, let...