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Bitcoin (BTC) is observing noticeable spikes in whale transactions worth at least $100,000. Its supply on exchanges witnesses a gradual uptick amid the fight to reclaim $37,000. These spikes in large transactions started earlier this month, data from Santiment confirms. Notably, whale transactions rapidly increased from Nov. 5, eventually crossing the 5,000 mark three days later. As of Nov. 8, Bitcoin recorded up to 7,992 transactions worth $100,000 and above. BTC price, whale activity and supply on exchanges – Nov. 9 | Source: Santiment This value represents the highest figure since late October. Despite a slight drop in these spikes, whale transactions have remained fairly high, with an intraday figure of 4,669 at the time of reporting. Interestingly, the recent spikes in whale transactions coincide with a gradual uptick in the supply of Bitcoin on exchanges. Santiment data suggests that investors have continually moved their BTC tokens to exchanges amid the ongoin...

Fake news on Bitcoin ETF, initially posted by Cointelegraph, forced a whale to buy an astounding amount of Bitcoin Futures. A whale made a Bitcoin (BTC) futures purchase of $5.7 billion following the false report suggesting that BlackRock, the world’s largest asset manager, had obtained approval for a BTC spot exchange-traded fund (ETF).  Ki Young Ju, co-founder and CEO of market resource CryptoQuant, highlighted this development on X. Bitcoin’s pump on the back of the false ETF report had catalyzed a high trading activity and short liquidations. Ju confirmed that the market witnessed $42 million in liquidations. Someone(s) bought ~$5.7B worth of $BTC futures using market orders in an hour, and $42M in short positions were liquidated across all exchanges.https://t.co/JDrkUzPMqq pic.twitter.com/5bMK6Freqm — Ki Young Ju (@ki_young_ju) October 16, 2023 Contrary to initial speculation, this market surge does not qualify as a traditional short squeeze, according t...

The top Bitcoin inflow transactions’ weightage has been increasing. Usually, whenever WHALES accumulate collectively, it is considered as a sign of conviction. However, that might not essentially be the case this time. The connotation changes during bear markets. When this ratio climbs above 0.8, it signals a fake relief rally. With the current number around 0.9, the landscape is becoming more favorable for a mass dump. A recent CryptoQuant Analysis thread on Twitter pointed out, “It’s [It is] an unmistakable sign of selling pressure.” In fact, in the recent past, this inverse correlation has been quite evident. In mid-June, as this ratio dropped, the price initiated an uptrend. Likewise, even during the beginning of 2023, when the exchange whale ratio shrunk, the price rose. So, with the flip trend in play, the current conditions seem ripe for mass dumping. Thus, with BTC already below $30k, traders need to exercise caution. Source: CryptoQuant Als...

Dogecoin  is a popular meme coin that has inspired many other animal-themed cryptocurrencies. DOGE paved the path for the numerous cats and dogs that are flooding the meme coin realm. Meme coins were primarily developed as a joke, as their name suggests. However, over time, they have gained prominence as an important niche. While other meme coins come and go, Dogecoin has earned its reputation among the meme coin community. According to the latest data from IntoTheBlock, there has been over a 152% spike in Dogecoin whale transactions that are valued at over $100,000 in the last 24 hours. Also read: Mark Cuban’s Blueprint for SEC-Proofing the Crypto Market Source: IntoTheBlock Dogecoin whale transactions see a notable spike Dogecoin WHALES have recently been quite active in trading the largest meme coin , despite the price drop. IntoTheBlock data shows that 65% of the DOGE supply is held by large holders. In the last seven days, transactions by Dogegoin Whales...