#Cryptocurrencies have been making headlines for years, with their volatility and potential for high returns attracting investors worldwide. However, this asset class is not without its risks and uncertainties, as demonstrated by recent market fluctuations. One such example is the dip in the Arbitrum token that has led to a buying frenzy among whale investors.

#Arbitrum is a layer-2 scaling solution for Ethereum that allows faster and cheaper transactions. The Arbitrum token (ARB) is the native currency used to pay for transaction fees and provide security for the network. Recently, the ARB price has experienced a dip, which has triggered a response from whale investors.

#Whale investors are large players in the cryptocurrency market who hold significant amounts of digital assets. They have the potential to influence market trends and prices due to their buying power. In response to the dip in the ARB price, whale investors have gone on a buying spree, potentially leading to a price support level for #ARB

This buying frenzy among whale investors is a common occurrence in the cryptocurrency market. When a coin experiences a dip in price, investors may see it as an opportunity to buy at a lower cost, with the hope of selling at a higher price later on. Whale investors, with their deep pockets, can capitalize on this opportunity by buying large amounts of the coin, potentially driving up the price and creating a support level.

The potential for a price support level for ARB is a positive development for investors, as it could indicate a rebound in the token's value. However, it's important to note that cryptocurrency investments carry inherent risks, and the market can be unpredictable. Investors should do their due diligence and consult with financial advisors before making any #investment decisions.

In addition, the buying spree among whale investors could potentially have long-term implications for the ARB price. If the support level holds, it could lead to increased investor confidence in the token and further investment. However, if the support level is breached, it could result in a significant drop in price.

Overall, the buying spree among whale investors in response to the dip in the Arbitrum token is an interesting development in the cryptocurrency market. It remains to be seen whether this will result in a price support level for ARB, but it's a promising sign for investors who are looking to capitalize on the potential for high returns in the digital asset space.

SingularityNET (AGIX) has been one of the most exciting assets in the cryptocurrency market this year, with an astonishing jump of +1,109% over the five-week stretch of January 3rd to February 6th, according to data by Santiment. However, after this impressive rise, the price of AGIX has been choppy and uncertain.

Now, a massive transaction of 100M AGIX, worth approximately $50M, was made from one of the largest known exchange addresses to another. This transaction is the largest made on the network in 14 months, and it has sparked curiosity and speculation among investors.

The sending address of the transaction holds a combined $9.92B in altcoins, with its largest portion in BUSD, and it has been increasing its stake in AGIX massively throughout the past year. On the other hand, the receiving address holds a combined $1.23B worth of altcoins, and its historical accumulation of AGIX had led to price drops in the past.

It’s important to note that both addresses involved in the transaction are exchange addresses, which could indicate simple asset shuffling. However, given the amount of money involved and the history of these addresses, investors are closely monitoring the price action of AGIX in the coming days.

SingularityNET currently sits as the 75th largest market cap asset in the crypto market, and the recent transaction has added to the uncertainty surrounding its price. While the $50M transfer could be interpreted in different ways, investors are waiting to see how it will affect the market and whether it will lead to a surge or drop in the price of AGIX.

#AGIX #SingularityNet #Whale #azcoinnews #GPT-4

This article was republished from azcoinnews.com

According to the latest data from datamish, Bitfinex’s giant whales have unexpectedly closed their long positions in Bitcoin (BTC) worth about 12,000 BTC. This is the largest such move by the exchange since June of last year.

The sudden closure of the long positions by the whales at Bitfinex has attracted the attention of traders and investors in the crypto community. The cost of this position in BTC terms is estimated to be in the range of $25,000 to $35,000, which is a significant amount for any investor.

This move has raised questions about the potential reasons for such a sudden closure of positions by the whales at Bitfinex. While there is no concrete information available on this as of yet, some analysts speculate that it may be a sign of a potential correction in the Bitcoin market or a shift in market sentiment.

Despite the closure of these long positions, Bitfinex still has 93,448 BTC long positions, indicating that the exchange remains bullish on the long-term prospects of Bitcoin. Additionally, the short positions on Bitfinex are at a low level that has not been seen in nearly a year.

@azcoinnews

This news has sent ripples across the crypto market, with traders and investors keeping a close eye on the movement of BTC prices. The closure of the long positions by Bitfinex’s giant whales is a significant event that has the potential to impact the overall market sentiment towards Bitcoin.

It remains to be seen how this move will impact the price of Bitcoin in the short term. However, it is clear that the crypto market is closely monitoring this development, and further analysis and insights are expected to emerge in the coming days.

The sudden closure of long positions by Bitfinex’s giant whales highlights the importance of monitoring market trends and movements closely. As the crypto market continues to evolve, investors and traders need to stay vigilant and be prepared to adapt to changes in market sentiment and behavior.

#Bitcoin #BTC #Whale #Bitfinex #azcoinnews

This article was republished from azcoinnews.com

According to the Twitter account Lookonchain, a mysterious whale saved tens of millions of dollars in cryptocurrency after the infamous events in the crypto market in early November of last year.

Furthermore, this investor made a tidy return when USDC stablecoin was on the verge of de-pegging from USD. This whale was fortunate to withdraw 4 million USDC and 10,646 Ether (approximately $19 million) from the controversial cryptocurrency exchange FTX before withdrawals were suspended in early November 2022.

Back then, investors and creditors could not recover billions of dollars in cryptocurrency from FTX, which ultimately declared bankruptcy.

With the recent upheaval created by the closure of many big crypto-friendly institutions in the United States and the resulting blow to stablecoins, this whale made almost $200,000 in USDT. In contrast, the USDC stablecoin nearly lost its USD peg.



This SmartMoney wallet moved 7,868 ETH (about $14 million) to the Binance exchange. The @lookonchain Twitter account wonders who this whale is because the transactions detailed above may indicate that he had some insider information (at least about the upcoming crash of FTX). Still, there is no data to confirm that at the time.

#FTX #USDC #ETH #Whale #azcoinnews

This article was republished from azcoinnews.com

A massive transfer of $72,999 ETH, which is approximately $129 million, has been recorded by blockchain monitoring site Whale Alert. The transfer was made from one wallet to another, both of which contained almost identical tokens, indicating that they are possibly associated with the same whale.

Following the transfer, the receiving wallet sent 83,000 ETH to an unidentified wallet, causing many to speculate on the purpose of the transfer. This comes in the wake of consistent purchases of Ethereum by whales throughout the week, with one whale spending $293M to buy 167,696 ETH from Gemini.

@azcoinnews

The statistics compiled by Glassnode show a marked increase in the number of ETH withdrawals from cryptocurrency exchanges, with the number currently standing at 3,181.030. This coincides with a new high of 96,112,215 “non-zero addresses” for Ethereum.

Furthermore, the market value of staked ETH on the Beacon chain has increased to $31.31 billion, with 17,852,023 ETH staked. This has been attributed to the increased staking activity due to the upcoming Ethereum Shanghai mainnet update, scheduled to take place on April 12 at 10:27:35 PM UTC.

These events highlight the increasing interest and investment in Ethereum, despite the volatility of the cryptocurrency market. With the Shanghai upgrade set to improve the performance and scalability of Ethereum, it is likely that the interest and investment will continue to grow.

#ETH #Ethereum #Whale #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

In the world of cryptocurrencies, any news about big transactions involving Bitcoin (BTC) can cause a stir in the market. Lookonchain, a blockchain analytics platform, reported today that a BTC whale has transferred a massive amount of Bitcoin to Binance. The whale moved 2,500 BTC, worth around $62 million, to Binance just 30 minutes ago.

This transaction has caught the attention of many investors and traders, as it indicates that the whale might be planning to make a move in the market. The transfer was made from the address 3Qrx7c1f2SmubFMJvKJnFW37YwacQmxDqq, which is one of the largest Bitcoin addresses with over 17,000 BTC. The owner of the address is not known, but it is speculated that it might belong to an institutional investor or a high net worth individual.

What’s interesting about this transfer is that the whale received a total of 15,762 BTC from two major cryptocurrency exchanges, Huobi and Binance, on three different occasions in the past. The transactions took place on Oct. 5, Nov. 11, and Dec. 1, 2022, with an average receiving price of $19,967. This means that if the whale decides to sell the BTC at the current price of $24,862, he could make a profit of $12.24 million.

The cryptocurrency market is known for its volatility, and any large transaction can have a significant impact on the price of Bitcoin. While it’s difficult to predict how this transfer will affect the market, traders and investors are keeping a close eye on the situation.

The transfer to Binance also indicates that the whale might be planning to sell his BTC on the exchange or use it for other purposes. Binance is one of the largest and most popular cryptocurrency exchanges in the world, with a daily spot trading volume of over $36 billion. It’s also known for its high liquidity, making it an ideal platform for traders and investors to buy and sell cryptocurrencies.

The transfer of 2,500 BTC by a whale to Binance has sparked interest and speculation in the cryptocurrency community. While the owner of the address remains unknown, the transaction shows that the whale might be planning to make a move in the market. As always, traders and investors need to keep a close eye on the situation and monitor any changes in the market.

#BTC #Bitcoin #BitcoinWhale #Binance #Whale

This article was republished from azcoinnews.com

As the world of cryptocurrencies continues to expand and evolve, new data on the distribution of bitcoins among various players is becoming increasingly important for investors and analysts. According to recent data by CryptoQuant, large players currently control a significant portion of the bitcoin market.

Analyzing the UTXO Value Bands, an indicator that displays the distribution of all unspent transaction outputs by their value, CryptoQuant found that Dolphins and Sharks, mid-sized players with 100-500 BTC and 500-1,000 BTC respectively, control 29.57% of the market. Meanwhile, Whales, Humpbacks, and Megawhales, which represent players with 1,000-5,000 BTC, 5,000-10,000 BTC, and over 10,000 BTC, respectively, control 31.57% of the market.

@azcoinnews

Taken together, these large players control 61.14% of all bitcoins. This means that the market is highly sensitive to the actions of these players, with their buying or selling of large volumes of bitcoins causing significant price fluctuations.

At the same time, the data also shows that there is still significant potential for growth and increased participation of retail investors, as smaller participants and investors currently hold only 38.86% of the market. This suggests that cryptocurrencies are still a relative niche investment instrument, and there is room for further expansion and diversification.

Looking at the Bitcoin Address Balance Distribution by Cohorts, we see that the wealthiest group of wallets, which controls 31.57% of the market, accounts for only 4,151 wallets. This highlights the fact that, despite the growing popularity of cryptocurrencies, the number of investors with significant holdings of bitcoins remains relatively small.

#Bitcoin #BTC #Whale #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

A dormant #address containing nearly 1500 #Bitcoin [BTC] recently got activated after a period of 10.2 years. The transfer was first spotted by #blockchain tracker and analytics system reporter #Whale Alert. According to on-chain data, the transaction took place on June 8, 2023 at 05:23:06 UTC

Specifically, the whale transferred all the 1,432.93 coins to a new address. A fee of 0.0010743 BTC, or $28.38, was endured by the whale to facilitate the same. On-chain smart money tracker Lookonchain pointed out,

“The whale received 1,432.92 BTC on Apr 9, 2013, when the price was $195.4.”

A BTC whale that has been dormant for 10.2 years transferred all 1,432.93 $BTC($37.8M) to a new address"bc1psv" 5 mins ago. The whale received 1,432.92 $BTC on Apr 9, 2013, when the price was $195.4.https://t.co/17R0UqEBKC pic.twitter.com/e0LkSfn5t3

— Lookonchain (@lookonchain) June 8, 2023

Other Bitcoin #Trends

On the macro-front, the dormant supply has been on the rise since the beginning of this year. Data from Glassnode revealed that the amount of supply last active 2 years to 3 years just reached a 5-year high of 2,980,770.566 BTC, justifying the said narrative.

Source: Glassnode

Parallelly, the number of non-zero addresses also continue to rise. In fact, they clinched a new all time high of 47,543,668 today, indicating that market participants continue to add BTC to their bags. Alongside, the number of addresses possessing more than 0.1 coins also recently attained peak of of 4,385,581.

Here, it is also interesting to note that the market has also managed to move-on from the “fear” phase. On Thursday, the Bitcoin Fear and Greed Index flashed a neutral reading of 50, bringing to light the refining trend. At press time, Bitcoin was seen exchanging hands at $26.5k.

A significant event in the cryptocurrency market saw 240 million tokens transferred from Coincheck exchange to an unknown wallet, sparking widespread interest and speculation. The move, valued at approximately $127 million, was tracked by Alert. The recipient wallet, “UQ2Eh,” has a history of receiving from Coincheck, suggesting a close connection with the exchange. The reasons behind this transfer remain unclear, fueling various theories within the crypto community.
One theory posits that the transfer was made on behalf of an institutional investor, possibly for cold storage to enhance security. This aligns with Coincheck's efforts to bolster asset protection following a major security breach in 2018. Alternatively, the transfer might be part of an over-the-counter (OTC) trade, pointing to institutional interest or upcoming strategic moves.
Despite the mystery surrounding the transfer, it has drawn attention to XRP and the broader cryptocurrency market. At the time of reporting, XRP was priced at $0.529, reflecting a 0.60% decrease over the past 24 hours.
#XRP #XRPGoal $XRP