News
An OG Bitcoin whale’s $9.6 billion transfer and the stablecoin audit requirements imposed by the GENIUS Act are sparking correction concerns among some industry watchers.
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Whale News
A cryptocurrency whale, often known simply as a “whale,” is an individual, institution or exchange in the crypto community that holds substantial quantities of cryptocurrencies. Whales hold enough cryptocurrency to be able to manipulate the price of cryptocurrencies. As a result, the state of the market can be understood by observing how whales act, whether they are selling or accumulating.
A whale occasionally posts a sizable order to sell a considerable amount of its cryptocurrency tokens, also called the “sell wall” effect. They maintain a lower price than other sell orders, leading to volatility, which generally lowers the price of digital coins. Following this, there is a domino effect where others sell their tokens at lower prices out of panic. As a result, whales gain more power, as they can purchase more coins for less money.
In addition, whales frequently artificially raise the price of the tokens by placing large buy orders, which is the opposite of the sell wall effect. They increase interest in cryptocurrency tokens, which motivates buyers to improve their offers. In essence, whales impact other token investors through a ripple effect. They can influence the market in their favor by raising and lowering prices.
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Kadan Stadelmann, chief technology officer at Komodo Platform, speculates the whale might be securing its “jaw-dropping profits” after 14 years of holding.
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Lookonchain first noticed the whale in early July, noting its eight wallets received Bitcoin in April and May 2011, before going dormant for over a decade.
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XRP saw profit booking at $3, but steady buying by large investors suggests the rally could send the altcoin’s price to $4.
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A dormant Bitcoin whale has moved $4.6 billion in BTC after 14 years, fueling speculation of a sell-off as the market eyes ETF inflows, new laws, and record-high prices.
11170 - Market Analysis
Bitcoin is at risk of a deeper correction to fill the CME futures gap down to $114,000, fueled by profit-taking from whales.
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Bitcoin reached a new high on Coinbase at $120,000 amid surging spot ETF flows, network activity, and long-term holder profits, which hint at higher targets.
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Santiment data shows the number of XRP whales has just hit an all-time high as the price of XRP continues to rally.
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Arkham says the massive Bitcoin whale transfer might be due to a wallet upgrade, but others in the industry have their own theories.
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Bitcoin whales awoke after 14 years of dormancy, having held their BTC since it was trading below $0.78 a coin in 2011.
13936 - Market Analysis
Onchain data points to a major Bitcoin price rally in the making, while short-term price weakness highlights the absence of “new” buyers.
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A trader under the handle qwatio has been liquidated eight times in the last week, with the latest a partial liquidation of an Ether position leveraged by 25X.
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XRP whale flows flipped bullish in May after months of outflows, hinting at a potential triple-digit price rally.
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The savvy Bitcoin investor made a 496-fold return on his initial $60,000 investment in 2013.
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Whales are betting hundreds of millions on Ether’s price recovery despite the industry’s most successful traders being net short amid escalating conflict in the Middle East.
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