Tag: Blood

Blood In The Water? Ethereum Whales Circle As Price Drops

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Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has created a perplexing scenario for investors recently. Despite a noticeable decline in its price, on-chain data reveals that large investors, often referred to as “whales,” are accumulating ETH. This could signal a potential buying opportunity, though technical indicators suggest a weakening uptrend, leaving Ethereum’s near-term future uncertain. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Ether down in the last 24 hours. Source: Coingecko Ethereum Whales See Opportunity In Price Dip In recent analysis by…

Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC

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Glassnode data has revealed that Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had previously sold 1 billion BTC in the latter part of 2023 are accumulating once again. This buying activity could be interpreted as a potential bullish signal for Bitcoin.  Related Reading Traditionally,…

99.5% Of AVAX Holders In Loss, As Avalanche Bears Thirst For More Blood

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The Avalanche token (AVAX), like most other altcoins, felt the bearish impact of the general market downturn, which resulted in a billion-dollar liquidation in the crypto market. Historical price data, however, shows that AVAX has been experiencing selling pressure long before this recent market crash. As expected, the struggling price of the Avalanche token has also been reflected in the portfolio of the cryptocurrency’s investors, who seem to be drowning in losses at the moment. AVAX Holders In Profit Reach All-Time Low: IntoTheBlock On Tuesday, August 22, market intelligence platform…

More Blood Ahead? Why Bitcoin Could Crash Further If It Loses $26,000

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The Bitcoin price range has been obliterated as the crypto market was corrected into a final support line. Volatility in the sector was compressed for weeks, and many were expecting some action in the short term, but the drop caught market participants by surprise as BTC kept on pushing lower. As of this writing, Bitcoin trades at $26,400, with an 8% loss in the last 24 hours. BTC recorded a 10% correction in the previous seven days, while some altcoins experienced a 17% and even 20% loss on BTC’s crash.…

Market Strategist Warns of ‘Blood’ on February 1 Ahead of Fed Meeting – Economics Bitcoin News

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Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023, the Federal Open Market Committee (FOMC) is set to convene. While the market expects rate cuts, some analysts think the Fed will continue raising the federal funds rate. Chris Vermeulen, the founder and chief investment officer of The Technical Traders, insists the S&P…

FTX fallout leaves blood in its wake

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Bitcoin (BTC) is the greatest monetary revolution of the modern age. By simply buying and holding Bitcoin, citizens are staging a peaceful protest against the indentured servitude brought on by fiat economics. In the process, they’ve initiated one of the greatest wealth transfers of all time — a process that will take decades to play out fully.  Bitcoin has also galvanized a trillion-dollar cryptocurrency and blockchain industry — a double-edged sword that is both inspiring and frightening. Sam Bankman-Fried, the disgraced founder of the now-bankrupt FTX Group, is a case…

Ethereum Protects $1,200 with Blood, Will This Region Hold?

ETH price holds above $1,200 as bulls don’t want to let go of a price below key support  Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  ETH price bounced on the four-hourly chart after a bullish divergence appeared. The price of Ethereum (ETH) has shown less bullish sentiment after its much anticipated “Ethereum Merge.” Ethereum saw its price plummet against tether (USDT) following the Federal Open Market Committee news (FOMC). The Federal Reserve raised its target interest rate by 75 bps, negatively…

126% return for stock market short-sellers who smelled blood in crypto waters

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Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector “held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data. On Thursday, technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year. Some of these profit gains were attributed to the short-selling of automobiles and components stocks (up 54%), software and…

OHM In Blood, How This OlympusDAO Whale Sank Its Price by 44%

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In 2021, Ethereum based OlympusDAO and its native token OHM exploded as the protocol onboarded new users seeking to leverage its high annual percentage yield (APY). At its peak, the price of OHM went from $330 to an all time high of $1,639, but the asset seems to be on a downward trend since October last year. Related Reading | Why This Token Thrives With A 38% Profit While Bitcoin And Ethereum Bleed OHM trends to the downside. Source: Coingecko According to Wu Blockchain, a OlympusDAO Whale triggered a cascade of…

This Bitcoin Metric Suggest More Blood As BTC Drops 6%

Bitcoin wrapped up this past Thanksgiving night with a bloody trading session. The first crypto by market cap was rejected as it made its way to $60,000 and has dropped over 6% in the 24-hour chart. As of press time, BTC trades at $54,084 but seems at risk of further downside. Related Reading | New COVID Variant FUD Drives Bitcoin Down To $54k BTC on a downtrend in the daily chart. Source: BTCUSD Tradingview Besides Bitcoin, the traditional finance market took a hefty dive on news of a recently discovered…