Tag: Panics

Smart Money Buys ETH Dip as Retail Panics

Key Notes Ethereum holds strong above $2,500 despite pulling back from its $2,880 monthly high. Institutional and whale investors are accumulating ETH as retail sentiment weakens. Weekly new Ethereum wallet creation has climbed to nearly 1 million, signaling growing network adoption. Ethereum ETH $2 551 24h volatility: 0.8% Market cap: $307.97 B Vol. 24h: $11.10 B is holding steady above the key $2,500 support level despite a recent correction from its monthly high of $2,880. While retail traders appear to be panicking and selling off their ETH, institutional and whale…

Whale panics amid Bitcoin dip, sells 2,019 BTC

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Bitcoin’s price dip below $70,000 has seen one whale panic, selling 2,019 BTC amid jitters over further declines. According to Lookonchain, a smart money on-chain account on X, as Bitcoin (BTC) extended its decline from the recent peak above $73,000, a whale address that had previously sold in October appeared spooked. Data indicates that the large BTC holder, likely concerned about potential downside pressure, panic-sold $141.5 million worth of the flagship cryptocurrency. This 2,019-BTC dump wasn’t a one-off for the whale. On-chain data shows that this particular large holder had…

Whales Fill Up On Bitcoin While Broader Market Panics

Bitcoin has recorded multiple dips in recent weeks that have pushed its price below $60,000. The slump came as a result of sell-offs from investors who believe that the asset has reached its peak. Panic had spread like wildfire, triggering even more sell-offs but not everyone gave in. Whales have always been known to gobble up the bitcoins that small-time investors unload during periods of panic and this time has proven to be no different. While the broader market panic sold their holdings, bitcoin whales took advantage of the opportunity…