Hidden Bitcoin Agenda? CryptoQuant CEO Weighs In On Ongoing Rise In BTC Accumulation

Over the past few days, Bitcoin (BTC) has seen a significant surge in whale accumulation. Ali highlighted that the “number of BTC addresses holding 100+ BTC increased from 15,913 to 16,006 during the recent correction. While this trend is noteworthy because it suggests whales bought the dip, Ki Young Ju, the CEO of CryptoQuant, an on-chain [...]

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Smart Money And Smart Dex Traders Re-Accumulate $wQUIL As Prominent Wallets Make Strategic Moves

The $wQUIL token has recently garnered significant attention, ranking among the top five assets accumulated by Smart Money over the past 24 hours. Additionally, Smart Dex Traders have increased their $wQUIL holdings by 3%, with a net decentralized exchange (DEX) volume of over $121,000. iCrypto has identified three prominent wallets […]

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XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the number of addresses that currently belong to a given wallet group. Related Reading: Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data The addresses are put into these cohorts based on the number of coins that they are carrying in their balance right now. Investors who own between 1 and 10 XRP, for example, fall inside the 1 to 10 coins group. In the context of the current discussion, the 10,000+ coins group is of interest. The cutoff for this cohort converts to around $6,500 at the current exchange rate. This amount in itself isn’t high, but the upper range of the group stretches to infinity, so it should also include heavyweight investors like sharks and whales. The sharks and whales are considered key investors in the market, so their behavior can be to keep an eye on, as it may end up affecting the cryptocurrency’s price. Naturally, the whales are the more influential of the two, due to their larger size. Now, here is a chart that shows the trend in the XRP Supply Distribution for the 10,000+ coins cohort over the past few months: As displayed in the above graph, the XRP Supply Distribution for this wallet group has observed a rapid increase recently. More specifically, around 2,390 addresses of this size have popped up on the network in just the past five weeks. This would suggest that entities like the sharks and whales have been busy accumulating the cryptocurrency. Following the latest increase, the indicator’s value has reached the 279,400 mark, which is the highest that it has been in about six months. From the chart, it’s visible that the indicator’s value had been observing a downtrend earlier in the year, alongside which, the asset’s price had also been riding bearish momentum. The indicator reached a bottom in April, which is around when the asset’s drawdown also slowed down. And since the recent uptrend in the Supply Distribution of the sharks and whales has appeared, the XRP price has also felt the return of bullish winds. “The correlation between these wallets and XRP’s market value has been undeniable throughout 2024,” notes Santiment. Related Reading: Minimal Bitcoin On-Chain Resistance Ahead: Price Set For New ATH? Given the pattern, this indicator should be monitored in the near future, as a continued rise in it could spell a bullish outcome for the cryptocurrency. XRP Price XRP has enjoyed a rally of around 5% during the past 24 hours, which has taken its price to the $0.65 level. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Whales Investment In Solana Memecoin $MUMU Narrows Losses Amid Surge

Solana-based memecoin $MUMU recently achieved a market capitalization of $260 million, experiencing a 57% increase in the last 24 hours and briefly breaking the $0.00012 mark, currently priced at $0.0001140. This surge has significantly narrowed the losses of a whale investor who had invested $2.51 million in $MUMU four days […]

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Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO

The CEO and founder of the on-chain analytics firm CryptoQuant has explained how this Bitcoin bull cycle could probably last till mid-2025. Profit-Taking From Old Bitcoin Whales Lasted For 18 Months In Previous Cycles In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a pattern that old whales have followed in terms of profit-taking during the past cycles. “Old whales take profits during bull markets,” notes Young Ju. “Their selling brings new capital into accumulation addresses, raising realized prices.” Accumulation Addresses refer to the Bitcoin wallets that have no history of selling. These addresses also have a few other conditions, such as they must have at least two deposits and shouldn’t be connected to miners or centralized exchanges. They should also carry a balance of at least 10 BTC, and their last transaction should have been within the past seven years. Related Reading: Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals The Accumulation Addresses basically reflect the perennial HODLers of the market, who only buy more and never sell. During bull markets, as old whales break their silence to harvest their profits, demand from these HODLers absorbs the selling. To display this trend, the CryptoQuant CEO has made use of the “Realized Price” metric, which keeps track of the cost basis of the average investor belonging to this cohort. When the value of this indicator is above the spot price of the cryptocurrency, it means the cohort as a whole is in a state of unrealized loss right now. On the other hand, it being under BTC’s value implies these diamond hands are currently carrying profits. Now, here is a chart that shows the trend in the Realized Price for the Bitcoin Accumulation Addresses over the past decade: As shown in the above graph, the Realized Price for this cohort observed a rise during the last two Bitcoin bull runs. This would suggest that these HODLers were buying as prices were going up, thus raising their average cost basis. This accumulation likely corresponded to profit-taking from other entities in the market. As Young Ju has pointed out, this profit-taking spree lasted for about 18 months in these past cycles. Related Reading: Bitcoin Crashes To $64,000: Will This Historical Support Hold? From the chart, it’s visible that the indicator has once again started showing an uptrend with the price rally this year. This would suggest that the Accumulation Addresses are back to absorbing profit-taking from old whales. So far, this rise has lasted for around four months, which means that there could still be around another fourteen months of it left, if the last two cycles are anything to go by. Based on this, the analyst thinks this latest Bitcoin bull cycle could end up running into mid-2025. BTC Price Bitcoin has edged close to the $70,000 level during the past day after observing a surge of around 3%. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, [...]

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Crypto Whale Makes $9M Profit From Longing Top Crypto Tokens Like BTC, ETH, SOL

A crypto whale has caused a stir in the crypto space after making over $9 million in profits from hodl-ing crypto tokens within a month. The gains from his portfolio came from properly timing the market and taking long positions in top crypto assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), XRP, and […]

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$380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates

Ethereum is trading just below the $2,000 mark, holding at critical levels as the broader market shows signs of recovery. After weeks of choppy price action and fading selling pressure, bulls are gradually regaining control, pushing ETH into a more bullish short-term structure. Momentum is building as Ethereum stabilizes above the $1,800 level, and technical indicators suggest a breakout may be forming. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart Reversal Or Just A Pause? Adding to the growing optimism, on-chain data from IntoTheBlock shows a consistent flow of ETH out of centralized exchangesan indicator often associated with accumulation and reduced sell-side pressure. Over the past week alone, net outflows have exceeded $380 million worth of Ethereum, reinforcing the view that investors are preparing for a move higher. Still, the key resistance at $2,000 remains a psychological and technical barrier. A confirmed push above this level could trigger a broader altcoin rally and signal the start of Ethereums next leg up. Until then, the market remains cautiously optimistic as bulls test the upper limits of this consolidation zone, looking for the momentum needed to escape it. Ethereum Faces Critical Test Amid Accumulation Trend Ethereum continues to face headwinds as it trades more than 55% below its December highs, hovering beneath the $2,000 resistance zone. While the broader crypto market shows signs of revival, ETH remains locked in a critical battle between supply overhead and renewed buying interest. The recent price structure shows some bullish development in lower time frames, as buyers attempt to build momentum. However, strong resistance levels still loom, and failure to break through could trigger a fresh move into lower demand zones around $1,700 or even $1,500. Despite these technical challenges, on-chain data paints a more encouraging picture. According to IntoTheBlock, centralized exchanges have seen net Ethereum outflows of roughly $380 million over the last seven days. This steady reduction in exchange-held ETH suggests a growing trend of accumulation, often interpreted as investors moving coins to cold storage rather than preparing to sell. This behavior typically reduces sell-side pressure and can lay the groundwork for more sustainable rallies. Market sentiment remains mixed. Some analysts argue that Ethereum is gearing up for a breakout, with shifting momentum hinting at an imminent surge. Others remain cautious, warning that macroeconomic uncertainty and fragile investor confidence could still pull ETH into a deeper correction. The coming days will be crucial in defining Ethereums trajectory. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus ETH Price Analysis: Testing Key Resistance Ethereum (ETH) is currently trading at $1,837 after several days of consolidation just below the $1,850 level. As seen in the daily chart, ETH has been attempting to form a short-term bullish structure after rebounding from April lows near $1,550. The price has steadily climbed but now faces significant resistance near $1,850a level that has acted as both support and resistance in previous months. Volume has been relatively stable but not convincingly high, indicating that bulls are gaining control but lack strong momentum to break through. The 200-day Simple Moving Average (SMA) at $2,271 and the 200-day Exponential Moving Average (EMA) at $2,456 remain distant overhead targets. These levels represent key longer-term resistance, and reclaiming them would be a major bullish signal. Related Reading: HYPE Confirms Strength With Solid Throwback Response Bullish Reversal? For now, ETH must close decisively above $1,850 to validate this short-term trend reversal. A failure to do so may result in another retest of support around $1,700 or even lower, particularly if broader market sentiment shifts. However, the price holding above recent swing lows and forming higher lows signals that bullish pressure is building gradually. A breakout above $1,850 would open the door to a move toward the $2,000$2,200 zone. Featured image from Dall-E, chart from TradingView

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Bitcoin Propped For Major Breakout By September, Analyst Explains Why

Following the Bitcoin halving in April, analysts and investors remain on the edge of their seats in anticipation of a major price breakout by the maiden cryptocurrency. While Bitcoin did rise to $71,443 in the past week, the token soon suffered a retracement falling as low as $66,936.  Interestingly, renowned analyst with X handle Rekt Capital has provided an interesting insight into this recent price movement and also predicted the period BTC may finally embark on a highly-anticipated bullish run.  Related Reading: Bitcoin Price Enters Make Or Break Zone: Analyst Reveals Important Levels To Watch Bitcoin To Consolidate For A Long Time – Analyst In a series of X posts on May 24, Rekt Capital noted that after the halving event, Bitcoin entered the post-halving danger zone, a period during which the token lost about 11% of its value. Following this phase, the most-priced cryptocurrency attempted a breakout which encountered a rejection at the range high zone ($71,500) of the macro re-accumulation range. #BTC Since the Bitcoin Post-Halving “Danger Zone” ended, Bitcoin broke out to $71500 However, ~$71500 is where the Range High resistance of the Macro Re-Accumulation Range is and this is where Bitcoin rejected from The consolidation continues and history suggest it will https://t.co/YjZzimnFj9 pic.twitter.com/JGji7ZYOSe Rekt Capital (@rektcapital) May 24, 2024 For context, this range represents a long-term consolidation phase where Bitcoin accumulates value before potentially breaking out to new highs. Rekt Capital states that Bitcoin being rejected at the $71,500 price region is quite expected as BTC never breaks through the high side of the re-accumulation range on the first attempt after halving.  Based on historical price data, Rekt Capital anticipates Bitcoin will now remain in consolidation for multiple weeks until 160 days after halving before finally experiencing its major price breakout in September. During this time, the premier cryptocurrency is expected to trade between $60,000 and $70,000 which will result in variations in the portfolio valuation for long-term investors.  However, this price consolidation can also present opportunities for these investors to buy Bitcoin near the lower boundary of the range thus consistently accumulating at relatively stable prices. Meanwhile, short-term traders such as swing traders or day traders are likely to capitalize on these expected price fluctuations between an established support and resistance which could result in significant profit. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases Glassnode BTC Price Overview  Bitcoin is currently trading at $68,720, marking a 2.27% gain in the last day, a 2.31% gain over the past week, and a 6.90% increase in the last month. Despite these gains, its daily trading volume has dropped by 45.68%, now valued at $24 billion. BTC is also 6.94% below its all-time high of $73,750. The recent price rise amid declining trading volume suggests cautious investor sentiment, with Bitcoin consolidating within a narrow range as the crypto market leader once again approaches significant resistance levels. Featured image from The Economic Times, chart from Tradingview

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Ethereum Whales Come Alive: Are They Buying Or Selling?

On-chain data suggests the Ethereum whales have shown a burst of activity recently. Heres what these titans have been up to. Ethereum Whale Transactions Are At Their Highest Since March In a new post on X, the market intelligence platform IntoTheBlock has discussed how the ETH whales have become active recently. The on-chain metric of [...]

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Bitcoin And Ethereum Surge Amid High Buy Calls: Analysts Predict New All-Time Highs

Crypto traders are increasingly optimistic as Bitcoin surged above $71K yesterday, and Ethereum climbed to $3,770 for the first time in ten weeks. Amidst this bullish trend, many weak hands may panic sell, but just a touch of FUD could set the stage for a new Bitcoin all-time high. […]

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Bitcoin Déjà Vu: Analyst Identifies Trends Reflecting 2016 Cycle

Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month after the initial analysis, Bitcoin keeps demonstrating how much it closely resembles the cycle of 2016. Similar to 2016, Bitcoin has experienced further declines over the past three weeks following the Halving below the Range Low of its Re-Accumulation Range also known as the Post-Halving Danger Zone The post read: Over a month later Bitcoin continues to prove how it is more similar to the 2016 cycle. Just like in 2016, Bitcoin in this cycle is seeing additional downside below the Range Low of its Re-Accumulation Range in the three-week window after the Halving (i.e. Post-Halving “Danger Zone”). Given that Rekt Capital already addressed the concept of the Post-Halving Danger Zone, the analyst is not shocked by this current price decrease. During the 2016 cycle, about 21 days after the Halving event, BTC saw a lengthy decline of 11% before transitioning toward an upward direction. It is worth noting that Rekt Capital noted that if downside volatility around the Re-Accumulation Range Low is going to happen in this cycle, 2016 history indicates it may happen during the 15 days following the Halving. Since the recent event was concluded about 12 days ago, the expert’s prediction could be realized in the upcoming days. Related Reading: Bitcoin Enters Danger Zone Post-Halving, Analyst Warns Of Potential Downside While the Post-Halving “Danger Zone” ends in 15 days, 2016 data suggests that there may be some negative volatility in the interim, possibly reaching the $60600 Range Low. Drawing attention to previous patterns, Rekt Capital highlighted a similar pattern between the 2016 and 2024 pre-Halving re-accumulation range. After a breakout from the re-accumulation range this year, BTC witnessed a Pre-Halving rally, as was observed in 2016. Pre-Halving Retrace Movement Just like in 2016, once the pre-Halving rally peaked, Bitcoin started its Pre-Halving retrace. Specifically, this occurred roughly 28 days prior to the Halving event in both 2016 and 2024. Related Reading: Analyst Warns Of Bitcoin Pre-Halving Retrace Echoing Troubling 2020 Trend A negative wick on the weekly candle indicates a significant reaction in the first week of the pre-Halving Retrace in 2016. However, this reaction was fleeting and came before an extended price decline. This cycle likewise saw a strong early reaction from Bitcoin via a downward wick, but there are indications that this reaction might not have lasted long. Thus, to avoid a fate similar to that of 2016, Rekt Capital believes that BTC will need to maintain highs around $60,000 and beyond. Featured image from iStock, chart from Tradingview.com

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Dogecoin Whales Accumulate 1 Billion DOGE In A Month: Fueling Price Surge Speculation

Dogecoin is back in the spotlight after surging more than 50% in recent weeks, reclaiming bullish momentum across key timeframes. The meme-inspired cryptocurrency is now facing a critical demand zone, where bulls must hold the line to confirm the potential for continued upside. With market sentiment shifting in favor of risk-on assets, DOGE has emerged once again as one of the leading altcoins, capturing investor attention. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive Details Despite the sharp gains, the rally may just be getting started, especially if on-chain trends are any indication. According to new data from Santiment, whales have accumulated massive amounts of DOGE in the past month. This wave of large-holder accumulation suggests growing confidence among experienced investors and may serve as fuel for another leg up. However, the current levels must act as a launchpad, not a ceiling. If bulls can maintain control and defend local support, a breakout toward previous highs could follow. But if demand begins to weaken, DOGE may enter a consolidation phase before its next big move. For now, all eyes are on how price behaves in this zone of heavy accumulation. One thing is clear: whales are positioning for something. Dogecoin Whale Activity Signals Potential Recovery After months of decline and market-wide fear, Dogecoin is finally showing signs of strength. The meme-coin, long criticized for its volatility, has begun to recover from its recent lows, gaining over 50% in the past few weeks. While DOGE remains more than 50% below its December 2024 high, the latest price action suggests a meaningful shift in momentum may be underway. The overall market backdrop remains uncertain. Weakening macroeconomic data, ranging from slowing GDP growth to shaky consumer sentiment, continue to cast a shadow over risk assets. For now, traders are treading carefully, especially in speculative altcoins like Dogecoin. Still, if DOGE can maintain support above its current levels, analysts believe the recovery could extend into a broader rally. Adding to the bullish narrative, top analyst Ali Martinez shared on-chain data showing that whales have accumulated over 1 billion DOGE in the past month. This buying activityoften seen as a leading indicator of future movessuggests that large holders are confident in Dogecoins upside potential. It also marks a significant reversal from prior trends of outflows and distribution. If the current support holds, and whale accumulation continues, Dogecoin could be gearing up for another explosive move. While caution remains warranted in the short term, especially if macro conditions worsen, the long-term outlook is strengthening as fundamentals and sentiment slowly begin to align. For now, all eyes are on whether the meme-coin can hold its ground and break through resistance levels that once marked the top of its previous cycles. Related Reading: Ethereum Eyes $2.4K Retest Analyst Sets Key Levels To Watch Price Analysis: Consolidation After Rally Dogecoin is currently consolidating after a sharp rally that took the price from below $0.17 to nearly $0.26 in early May. As shown in the 4-hour chart, DOGE has pulled back to the $0.22$0.23 zone, where its attempting to form a local base. This area aligns with the previous breakout structure and sits slightly above the 200 EMA ($0.195) and 200 SMA ($0.183), both of which are now sloping upward, confirming trend support. Volume surged during the breakout, indicating strong interest, but has since declined, suggesting that bulls are pausing to reassess before another potential leg up. The structure now shows a range forming between $0.22 and $0.24, with $0.24 acting as short-term resistance. A break above this level could lead to a retest of the $0.26 high and potentially open the door to $0.28. Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level Details However, if DOGE loses the $0.22 level, the next support lies around the 200 EMA. A deeper pullback to the $0.20$0.195 range would still be considered healthy within the broader uptrend, but any close below the 200 SMA would weaken the bullish outlook. Featured image from Dall-E, chart from TradingView

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$1.2B In Ethereum Withdrawn From CEXs Strong Accumulation Signal

Ethereum is gaining momentum again after tagging the $2,739 level and setting a new local high, reaching prices not seen since late February. The rally marks a strong comeback for ETH, which has been under significant pressure earlier this year. Now, bulls appear firmly in control as the broader crypto market wakes up and capital flows return to altcoins. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More Analyst Analysts are calling for a potential altseason, fueled by Ethereum’s relative strength against Bitcoin and growing investor confidence. As Bitcoin consolidates near all-time highs, Ethereum has taken the opportunity to outperform, pushing up through key resistance levels with conviction. Supporting this narrative, data from Sentora (formerly IntoTheBlock) reveals that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past seven days. This sustained trend of net outflows suggests continued accumulation and reduced sell-side pressure, both strong signals for long-term bullish momentum. With price action heating up and investor sentiment shifting, Ethereum could be preparing for a major breakout. If bulls maintain control, the $3,000$3,100 region may be tested in the coming days as the next major resistance zone. All eyes are now on ETH as the altcoin market shows signs of life. Ethereum Builds Momentum As Exchange Outflows Signal Accumulation Ethereum is trading above critical levels as speculation of a sustained rally continues to grow. After weeks of sluggish movement, ETH has roared back to life, gaining over 50% in value since last week. This sharp move to the upside has reignited hopes for an altseason, with many analysts viewing Ethereums breakout as the potential trigger for broader altcoin market strength. Ethereum is now holding firmly above the $2,600 mark, a level that had acted as strong resistance for months. This breakout, coupled with increasing momentum against Bitcoin, suggests bulls are regaining control. Traders are closely watching the next major resistance zone between $2,900 and $3,100, which could serve as a key test for Ethereums uptrend. Adding to the bullish case, data from Sentora reveals that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past 7 days. This trend has intensified since early May, pointing to increased investor accumulation and reduced sell-side pressure. Large exchange outflows are often seen as a sign that holders intend to store ETH off-exchange, decreasing immediate supply and supporting upward price movement. With market sentiment turning bullish and Ethereum leading the charge, all eyes are now on whether ETH can maintain its momentum and drive the altcoin market into a new growth phase. If accumulation trends persist and bulls hold key levels, Ethereums path toward $3,100 could open the door to a broader market rally. Related Reading: XRP Open Interest Surges 41% As Speculation Grows Over $1B Added In Just One Week Price Action Details: ETH Testing Key Levels Ethereums weekly chart shows a powerful breakout after weeks of bearish pressure, with ETH now trading around $2,599.14. The recent surge pushed the price above both the 200-week EMA ($2,259.65) and the 200-week SMA ($2,451.55), two critical long-term trend indicators. Reclaiming these levels signals renewed bullish momentum and a strong shift in sentiment. The breakout candle itself is one of the largest weekly green candles in over a year, reflecting a sharp influx of buyer interest and potentially marking a key reversal point after months of downside. Notably, this move brings ETH to levels not seen since February, with the local high for the week reaching $2,739.05. Volume has increased significantly during this move, confirming the strength behind the rally. However, Ethereum now faces overhead resistance near $2,800$2,900, a zone that previously acted as support during early 2024 before the breakdown. If bulls maintain momentum and close this week above $2,600, it could open the door for a test of the $3,100 resistance zone. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years What Comes Next? On the downside, the key support to watch is around $2,450, aligned with the 200-week SMA. A failure to hold that level could invite a retest of $2,250. For now, the trend is bullish, but follow-through next week will be crucial. Featured image from Dall-E, chart from TradingView

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$35B Money Flows into Crypto Market in 3 Weeks: Bullish Signs?

Over $35 billion entered the crypto market in just three weeks. This shows signs of bullish momentum.

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Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows

On-chain data suggests demand for Bitcoin remains significant as newcomer whales in the sector have been scooping up 200,000 BTC every week. Short-Term Holder Bitcoin Whales Have Continued To Accumulate Recently As explained by CryptoQuant author Axel Adler Jr in a post on X, the demand among the short-term holder whales has decreased since the all-time high, although it still continues to remain strong. Related Reading: Buy Or Sell Bitcoin? Quant Reveals What Leading Metric Says The “short-term holders” (STHs) refer to the Bitcoin investors who have been holding onto their coins since less than 155 days ago. This cohort includes the new investors in the market, as well as the fickle-minded traders who make moves often and don’t tend to HODL. The investors who make it past the 155-day threshold are put inside the “long-term holders” (LTHs), which is a group that’s generally considered to reflect the resolute side of the sector. In the context of the current discussion, the investors of interest aren’t the ordinary STHs, but rather the humongous entities called whales. Formally, these investors are defined as those holding more than 1,000 BTC in their wallets. At the current exchange rate, this lower limit is worth $61.5 million, which is massive indeed. Whales can be influential beings on the network because of these large holdings, so their behavior can be something worth keeping an eye on. The STH whales would naturally correspond to the large holders who only bought within the past five months. Here is a chart that shows the trend in the exchange outflows being made by these new whales in the Bitcoin market over the last few years: As displayed in the above graph, the 7-day simple moving average (SMA) of the Bitcoin STH whale exchange outflows had spiked to pretty high levels earlier in the year, when the rally towards the new all-time high (ATH) price had taken place. Naturally, this spike would suggest demand for buying the cryptocurrency was high from new whale investors entering the space. At the peak, the indicator implied accumulation was occurring at the rate of a whopping 452,000 BTC per week. Related Reading: Bitcoin Will Be Set For New ATHs If It Breaks This Resistance: Analyst A part of this buying would correspond to the demand coming in from the spot exchange-traded funds (ETFs) – new investment vehicles for Bitcoin only approved at the start of this year that provide for an indirect way to invest into the asset in a format that may be preferrable for the more traditional investors. From the chart, it’s visible that the demand from the new whales has seen a clear decline in the period since the ATH, but accumulation nonetheless remains substantial as the STH whales are still potentially buying at a rate of around 200,000 BTC per week. BTC Price Bitcoin has continued to be stagnant recently as its price is trading around $61,600 right now, still very much inside the range. Featured image from Andrew Bain on Unsplash.com, CryptoQuant.com, chart from TradingView.com

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Two Major Fibonacci Levels Put XRP Price At $8.40 And $27

XRP’s price action in the past seven days has been nothing short of impressive. The cryptocurrency reached above $2.6 again in the past 24 hours, the first time doing so since early March, about two months ago. This movement has aligned with the uptrend projected by multiple analysts, who are referencing Fibonacci levels to chart XRPs future trajectory. Notably, a crypto analyst’s interesting outlook on social media platform X using Fibonacci levels suggests that XRP will reach $8.40 and $27 this cycle. Analyst Points To Fibonacci Targets At $8.40 and $27 XRP’s price structure in the current cycle has been significantly shaped by its breakout above a tightening wedge formation, which had compressed price action from 2021 through the early months of 2024. This formation, clearly visible on the monthly candlestick timeframe, served as a multi-year consolidation zone that capped upward momentum and defined a range-bound market.  Related Reading: XRP Price At $9 In September: Gann Angle Resistance Grid Predicts Surge The eventual breakout from this structure ended a prolonged bear market and began a fresh bullish phase. Although the past few months have been full of corrections and consolidations after XRP reached $3.31 in January, recent market momentum points to the next leg upward. A crypto analyst on social media platform X has pointed to two Fibonacci extension levels that could serve as the target zones during XRPs next impulsive wave up. According to the analysis, XRP reached both its 1.272 and 1.618 Fibonacci extension targets in the last cycle after breaking from a similar multi-year wedge accumulation structure in 2017. Interestingly, this move in 2017, leading up to the current price action, is part of the same Elliott wave count structure. As shown in the chart, XRP launched from a low of $0.00310 in 2017 to an all-time high of $3.40 in 2018 during its third wave (labeled (3)), hitting both Fibonacci extension levels of 1.272 and 1.618 before retracing in wave four.  According to the analyst, the current price action since 2020 constitutes the formation of the fifth impulse wave. Applying the same extension logic to the current structure from the 2020 low of $0.11379, a move to these Fibonacci extensions points to a target of $8.40 at 1.272 and $27.23 at the 1.618 extension. XRP To Reach $8.40 Or Even $27 This Market Cycle? Whether XRP can realistically surge to $8.40 or even $27 during this market cycle is yet to be seen. Although the 2017 to 2018 rally where XRP climbed over 1,000% in a matter of weeks offers a compelling case, market conditions today are more complex. The amount of inflows and trading volume needed to push the XRP price to such levels would be far greater than those witnessed before.  Related Reading: XRP Price Cross That Led To 20x Rally In 2017 Returns However, from a technical perspective, these Fibonacci targets can be reached when considering how similar price structures have behaved in the past. An example is the rally from $0.00310 to over $3.40 in 2017. One similar analysis from crypto analyst Ali Martinez suggests that the XRP price could reach $15 very soon. At the time of writing, XRP is trading at $2.50, up by 3.4% in the past 24 hours with an intraday high of $2.61. Featured image from Getty Images, chart from Tradingview.com

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El Salvador Accumulates 7 Bitcoin in the Past Week, Defying IMF Deal

El Salvador continues to accumulate 7 Bitcoin a week despite reaching an agreement with the International Monetary Fund (IMF). The Central American country made headlines earlier this year when it became the first nation to adopt Bitcoin as legal tender, a move that was met with controversy and praise. Despite concerns raised by the IMF [...]

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Dogecoin Whales Buy 100 Million DOGE In 24 Hours Demand Signals Growing Confidence

Dogecoin is currently trading in a tight range, consolidating above the $0.16 support level and struggling to break above the $0.19$0.20 resistance zone. This consolidation phase comes as the broader crypto market shows signs of strength and renewed momentum. Bulls are watching closely, hoping for a breakout that could mark the beginning of a recovery rally. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge Smart Exit Or Profit-Taking? Recent on-chain data from Santiment adds fuel to the bullish narrative. Over the past week, Dogecoin whales have accumulated approximately 100 million DOGE, a move that signals rising confidence among large holders. Historically, such buying activity from major players has often preceded upward price movements, especially when it coincides with broader market recovery. As Bitcoin and other large-cap cryptocurrencies continue to test key levels, DOGEs consolidation pattern and whale accumulation will be key indicators for its next move. The coming days could prove pivotal for the memecoins short-term trajectory. Whale Activity Signals Possible Breakout As Dogecoin Tests Resistance Dogecoin is currently trading around $0.17$0.18, hovering near critical resistance while the broader crypto market shows signs of renewed momentum. Bulls are attempting to reclaim higher levels, especially the $0.20 zone, which has consistently acted as a strong barrier over the past few weeks. A successful break above this level could trigger a recovery rally, but until then, price action remains uncertain. Analysts are split on what comes next for DOGE. Some argue that failure to break out above $0.20coupled with increasing lower highscould signal a continuation of the broader downtrend, potentially pushing the memecoin back toward the $0.15 zone. On the other hand, with Bitcoin holding strong above $90K and major altcoins beginning to rebound, others believe Dogecoin could follow suit. Adding to the optimism, top analyst Ali Martinez shared a chart on X revealing that whales have accumulated 100 million DOGE over the past week. This surge in whale activity typically precedes price rallies and supports the case for a potential breakout. As accumulation continues and market sentiment improves, DOGE could be preparing for a strong move. For now, all eyes are on the $0.20 resistance. A clean break above it could validate the bullish outlook, while rejection might extend the current consolidation. Related Reading: Solana Monthly Candle Reclaims Key Levels Is $240 The Next Target? DOGE Price Action Hinges On Breaking Price Range Dogecoin (DOGE) is currently trading at $0.176, continuing to consolidate in a tight range as bulls attempt to gain momentum. Despite holding above the $0.16 support, DOGE has struggled to make a higher high, and price action remains capped by local resistance. To confirm a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 level a key resistance zone that aligns with the 200-day exponential moving average (EMA). Reclaiming this level would signal strength and could trigger an upward move toward $0.25 and beyond, especially if overall market conditions remain favorable. However, the lack of follow-through and volume at current levels raises concern. If bulls fail to defend $0.16, the downside risk grows significantly. A breakdown below this support could open the door to a deeper correction, potentially driving DOGE down into the $0.13$0.10 region, where historical demand has previously stepped in. Related Reading: Chainlink Flashes Daily Buy Signal Breakout Next? For now, DOGE remains range-bound with indecision dominating the short-term outlook. The next major move will depend on whether bulls can generate enough demand to break above the 200-day EMA or whether sellers regain control below the $0.16 threshold. Featured image from Dall-E, chart from TradingView

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Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000

Crypto analyst Melika Trader has warned of a volume drop that could trigger a 60% Bitcoin price crash. The analyst provided an in-depth analysis of what this price crash could mean and if it would mark the end of the bull run.  How The Bitcoin Price Could Crash By 60% And Drop To $49,000 In a TradingView post, Melika Trader revealed how the Bitcoin price could crash by 60% and drop to $49,000. The analyst noted that BTC is hanging just above a critical support zone, an area he claimed many traders recognize as the most important support level from a volume perspective on Binance.  Related Reading: Analyst Says Bitcoin Price Has Entered The Ideal Buy Zone, Heres Why His accompanying chart showed that the Bitcoin price could suffer a 60% drop once it loses the former trend line at $75,000. The flagship crypto is also in danger, having lost the critical support at around $83,000. This drop to $49,000 would bring BTC back toward the high-volume range near $30,000.  This provides an ultra-bearish outlook for the Bitcoin price. However, Melika Trader raised a twist, stating that only 20% of traders might actually lose. He noted that, according to Binances volume profile data, the majority of buying activity and position accumulation happened below $35,000.  The analyst further mentioned that most long-term holders and smart money entered during the 2022/2023 accumulation range. The Volume Profile Visible Range (VPVR) is also said to show significant support below the current Bitcoin price, with minimal trading volume at higher levels. Melika Trader remarked that only a minority of traders bought BTC during its late-stage bull run above $70,000.  Meanwhile, the majority of investors are still in profit or break-even, even if the Bitcoin price retraces back to its base. As such, most traders are safe, as BTC risks a drop to as low as $49,000.  Why BTCs Bull Market Is Over CryptoQuants CEO, Ki Young Ju, recently asserted that BTCs bull market is over amid the Bitcoin price decline. He alluded to the Realized Cap metric to explain his confidence that the bull run is over. The CryptoQuant CEO noted that if Realized Cap is growing but Market Cap is stagnant or falling, it means capital is flowing in but prices arent rising.  Related Reading: Why Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within Falling Wedge Ki Young Ju noted that this is a clear bearish signal, and this is what is currently happening. Capital is entering the market right now, but the Bitcoin price isnt responding, which he claims is typical of a bear market. The CryptoQuant CEO explained that even large purchases like MicroStrategys arent pushing prices up because there is too much sell pressure at the moment.  Ki Young Ju again affirmed that current data points to the Bitcoin price being in a bear market. He noted that sell pressure could ease anytime but warned that historically, real reversals take at least six months. As such, the CryptoQuant CEO believes a short-term rally seems unlikely.  At the time of writing, the Bitcoin price is trading at around $77,000, down over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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