Crypto Whales Remain Active Amidst Yesterday’s Dump

Crypto Whales Remain Active Amidst Yesterday’s Dump
фото показано с : nulltx.com

2023-8-18 09:00

The recent significant price drop in the crypto markets happened yesterday and it has left an atmosphere of uncertainty and volatility. The aftermath of this event has been marked by notable activities, particularly in the Bitcoin (BTC) realm. Large transactions of $1 million or more involving BTC have become conspicuous, a sign that influential holders, often referred to as whales, are capitalizing on the market downturn.

Source: Santiment Proactive Approach By Whales

These sizeable transactions signify a proactive approach by whales, utilizing the price dip to potentially increase their holdings or adjust their portfolios. The presence of such sizable moves amidst a market decline suggests a level of confidence and strategic decision-making within this group. 

Significant BTC Wallets Are Not Diminishing

Curiously, despite the visible outflows, the number of significant BTC wallets is not diminishing. This phenomenon could be attributed to multiple factors. One possibility is that while some whales are cashing out, others are entering the market or increasing their positions, maintaining equilibrium in the distribution of large wallets. Moreover, some entities might be consolidating their holdings into fewer, more substantial wallets for various reasons, including security or management efficiency.

Not Just A Simple Bearish Trend

The situation underscores the intricate dynamics of the crypto space, where market movements and whale activities interact in complex ways. The juxtaposition of substantial transactions and the constant number of significant wallets suggests that the ongoing narrative is more intricate than a simple bearish trend. It’s plausible that these developments might also be influenced by regulatory changes, macroeconomic factors, and technological advancements.

Final Thoughts

In conclusion, the aftermath of the recent crypto market drop has unveiled a landscape where whales are leveraging the price decline to engage in substantial BTC transactions. The static count of significant wallets amidst these activities adds another layer of complexity to the narrative, hinting at multifaceted motivations behind these actions. As the dust settles and the markets continue to evolve, further insights will likely emerge, shedding light on the strategies and motivations of these influential crypto participants.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: beautifulblossom/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto yesterday marked event aftermath volatility notable

crypto yesterday → Результатов: 126


Court Filing Suggests FTX’s $2 Billion Lawsuit Against Genesis Is Coming To An End

The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New York, both firms – who happened to have filed for bankruptcy – have agreed to settle their ongoing billion-dollar dispute.

2023-7-30 23:00


Litecoin Whales Purchase $59 Million Worth of LTC As Halving Event Approaches

In the latest development today, Litecoin whales appear to be accumulating huge amounts of LTC, which could be quite positive for the network, especially as its halving event approaches. In a tweet shared yesterday, July 18, by a crypto analyst with the Twitter handle @ali_charts, he confirmed this trend using data from on-chain analytics firm Santiment.

2023-7-19 16:00


Фото:

XRP surpasses Bitcoin on Upbit with huge 24-hour volume of $2.6B

XRP (XRP) continues to enjoy a bullish momentum as crypto news related to yesterday’s landmark Ripple win against the US Securities and Exchange Commission (SEC) buoys the broader market. As the price of the XRP token jumped to its highest level since December 2021, a rise in market activity was visible from the staggering increase […] The post XRP surpasses Bitcoin on Upbit with huge 24-hour volume of $2.6B appeared first on Invezz.

2023-7-14 16:19


Render Token Price Analysis & Prediction (May 26) – RNDR Continues to Surge as Crypto Market Loses Over $20 Billion, Jumps 14% daily

Render Token restarted bullish a few days ago after weeks of retracement. It has posted roughly 70% gains since it bounced back last week and shows no signs of weakness at the moment. As most altcoins dropped to their two-week low yesterday, RNDR remained calm and further added a few cents over the past 24 […]

2023-5-26 10:38


These ETH Insiders Are Making a Killing – First PEPE, Now RFD

Three days after its listing on 20th May 2023, the cryptocurrency $RFD has experienced a remarkable surge, multiplying its value by 20. In an intriguing twist, Crypto Koryo discovered a group of eleven whales who not only purchased $RFD prior to yesterday (22nd May) but had also invested in $PEPE back on the 20th of […] The post These ETH Insiders Are Making a Killing – First PEPE, Now RFD appeared first on CaptainAltcoin.

2023-5-23 15:58


Ripple CEO Rebuts WeBlogs Founder’s Claims That XRP Is A Security

WeBlogs Founder Jason Calcanis, who also doubles as an angel investor with a large Twitter following, made controversial statements about the XRP cryptocurrency yesterday, calling it a security. Calcanis’ opinions of the native digital currency associated with the Ripple company caused a stir of reactions from the crypto community, earning responses from the likes of Ripple CEO Brad Garlinghouse and pro-XRP lawyer John Deaton.

2023-5-10 16:00


Hackers Take Over NFT Project Azuki’s Twitter Profile, Steal Over $750K Worth Of Asset

The Twitter account of top non-fungible token (NFT) project, Azuki, was compromised on Friday, resulting in the loss of over $750,000 worth of crypto assets. Following a takeover of the project’s account yesterday afternoon, hackers posted a wallet drainer link disguised as an invitation for users to participate in a virtual land mint in The […]

2023-1-28 12:04


Фото:

Crypto Community Fears Centralization As MicroStrategy’s Bitcoin Holdings Hit 132,500 BTC

A trove of mixed feelings trailed the crypto community as one of its foremost Bitcoin evangelists, Michael Saylor, announced an additional purchase of 2,500 BTCs. In a tweet yesterday afternoon, Saylor disclosed that his company had gone Bitcoin shopping over the last seven weeks at a price of approximately $16,500 per BTC, bringing the company’s […]

2022-12-30 22:31