The latest market activity brought the price of Bitcoin (BTC) to the $7,800 range, after rapid selling destroyed the market. Whales Dumped Millions in Bitcoin Starting late on Sunday, more reports of bitcoin dumping crept up on social media. On Monday, reports of whales dumping on BitMEX explained the downward spiral of the BTC market price. Bitcoin price kept losing support levels within hours on Monday, sinking toward the $7,800 tier just days after establishing […]
When it comes to “whales”, the biggest boast is owning vast stashes of Bitcoin (BTC). But statistics show that other crypto coins may be more weighed down by wallets with a big concentration of wealth. Whales May Affect Altcoins More than BTC Counting crypto addresses that hold more than 1% of the coin’s supply, BTC is actually among the most democratic cryptocurrencies. Talking about whales and ownership by concentration of an asset Addresses with moreRead More The post appeared first on Bitcoinist.com.
The past four months saw Bitcoin volatility continue to rise, as prices moved between highs above $10,000 and lows near $6,500. But transaction levels also tell a story of sudden activity just before or during active rally phases. Bitcoin Activity Linked to Transaction Spikes, but Also Sharp Drops Bitcoin transactions, both in number and size, tend to pick up as prices move more actively. This trend is noted during price slides, but it is even
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Thousands of token-based projects touted their potential to create egalitarian economies. But the reality is different, with recent research showing highly unequal distribution for ERC-20 token holders. High Inequality Rampant Among ERC-20 Projects Despite airdrops, sale quotas and other approaches to distribute tokens more widely, most assets of this type remain concentrated in the hands of a few “whales”, or large wallets. This is the discovery coming from the latest research by Glassnode. The following
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The Bitcoin bull market is changing investor habits – but the vast majority of the supply has stayed in the same wallet since 2018. 10.5 Million Bitcoins Dormant Analysis of data from BitInfoCharts and social media transaction monitoring resource Whale Alerts produced some interesting reading this week. Despite the Bitcoin price rise which began in April, seeing BTC/USD jump from $4,000 to over $8,300, HODLers are still accumulating – while keeping their coins static. According
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A bitcoin whale has moved 40,000 BTC (USD $212,000 million) from one Bitcoin address to another on May 1st for a negligible network fee. A Bitcoin whale has moved over 40,000 BTC or over ($212m) moved from one address (bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9) to another (bc1q5shngj24323nsrmxv99st02na6srekfctt30ch). There are some theories floating around on Twitter as to who the whale is. Some people have speculated on Twitter that the whale is Bitcointalk user “Loaded” who is a well-known poster
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A new Bitcoin mystery has emerged. 848,000 BTC or almost 5 percent of the total supply, is contained within 106 addresses, each one holding exactly 8,000 BTC. What’s more, all were recently created as bitcoin reached the lowest price in over a year. Weird Coincidence? According to the ‘Rich List’ on BitInfoCharts, there are 106 Bitcoin addresses which reveal freakishly close similarities. These addresses number from 125 to 231 on the given list. Strangely, each one of them
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