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tech savvy, live life with common sense. God believer and waiting to meet Satoshi Nakamoto in real life.
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Time to dump! Be ready …
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Cointelegraph
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Over $6B Worth of BTC Moved By Fifth-richest Bitcoin Whale
The fifth-largest Bitcoin (BTC) holding address — also dubbed “37X” — has moved over $6 billion worth of BTC to three new addresses for the first time since 2019.
The Bitcoin whale transferred nearly its entire balance of 94,500 Bitcoin, worth $6.05 billion, on March 23, leaving only 1.4 BTC in the initial address, according to a March 25 X post by Arkham Intelligence. They wrote:
“$5.03B BTC was sent to bc1q8yj, with addresses bc1q6m5 and bc1q592 receiving $561.46M and $488.40M in BTC respectively. bc1q592 has since sent those funds onwards.”
Fift largest BTC address flows. Source: Arkham
The transfer occurred during a period of increased institutional interest in Bitcoin, driven by the upcoming Bitcoin halving, which will slash block issuance rewards in half in 25 days.
Despite Bitcoin price reaching an all-time high before the halving, for the first time in history, the incoming supply issuance reduction is still not priced in to the full extent, co-founder of D8X decentralized exchange and former executive director at UBS told Cointelegraph.
The over $6 billion BTC transfer occurred two days before Bitcoin reclaimed the $70,000 psychological price level on March 25 for the first time in 10 days. As investors have resumed accumulating BTC off exchanges, BTC supply on Coinbase reached a nine-year low of 344,856 BTC on March 18.
Bitcoin rose 6.4% in the 24 hours leading up to 9:53 a.m. in UTC, to trade at $71,222, according to CoinMarketCap.
BTC/USDT, 1h chart. Source: CoinMarketCap
Bitcoin’s current rally is mainly driven by the anticipation of the halving and the increased institutional inflows from the ten spot Bitcoin exchange-traded funds (ETFs) in the United States, Christopher Cheung, partner at digital asset funds Ten Squared, told Cointelegraph in a research note:
“The involvement of traditional financial institutions like BlackRock and Fidelity in launching BTC products is further legitimizing cryptocurrency as an alternative asset class. This reduces the 'career risk’ for investors who were previously hesitant to enter the crypto market.”
Bitcoin ETFs reached a combined total of $58.3 billion in on-chain holdings, which represents 4.17% of the current BTC supply, according to Dune.
The Bitcoin whale transferred nearly its entire balance of 94,500 Bitcoin, worth $6.05 billion, on March 23, leaving only 1.4 BTC in the initial address, according to a March 25 X post by Arkham Intelligence. They wrote:
“$5.03B BTC was sent to bc1q8yj, with addresses bc1q6m5 and bc1q592 receiving $561.46M and $488.40M in BTC respectively. bc1q592 has since sent those funds onwards.”
Fift largest BTC address flows. Source: Arkham
The transfer occurred during a period of increased institutional interest in Bitcoin, driven by the upcoming Bitcoin halving, which will slash block issuance rewards in half in 25 days.
Despite Bitcoin price reaching an all-time high before the halving, for the first time in history, the incoming supply issuance reduction is still not priced in to the full extent, co-founder of D8X decentralized exchange and former executive director at UBS told Cointelegraph.
The over $6 billion BTC transfer occurred two days before Bitcoin reclaimed the $70,000 psychological price level on March 25 for the first time in 10 days. As investors have resumed accumulating BTC off exchanges, BTC supply on Coinbase reached a nine-year low of 344,856 BTC on March 18.
Bitcoin rose 6.4% in the 24 hours leading up to 9:53 a.m. in UTC, to trade at $71,222, according to CoinMarketCap.
BTC/USDT, 1h chart. Source: CoinMarketCap
Bitcoin’s current rally is mainly driven by the anticipation of the halving and the increased institutional inflows from the ten spot Bitcoin exchange-traded funds (ETFs) in the United States, Christopher Cheung, partner at digital asset funds Ten Squared, told Cointelegraph in a research note:
“The involvement of traditional financial institutions like BlackRock and Fidelity in launching BTC products is further legitimizing cryptocurrency as an alternative asset class. This reduces the 'career risk’ for investors who were previously hesitant to enter the crypto market.”
Bitcoin ETFs reached a combined total of $58.3 billion in on-chain holdings, which represents 4.17% of the current BTC supply, according to Dune.
Happy Thursday,
Upon examining the four charts, actually there is a fifth one. A common thread emerges, with Jerome Powell being a key figure shedding light on the situation. We are witnessing all-time highs across stocks, inflation, and cryptocurrency prices. A market correction seems imminent, likely to occur the next week for crypto.
This few days will reveal whether we will experience another surge (possibly the last before the Bitcoin halving) or if prices will stabilize at current price $66k-67k and then decline once the prominent ETFs cease their Bitcoin acquisitions. An analysis of their Bitcoin holdings relative to market capitalization indicates they possess sufficient Bitcoin for their investors. At present, BlackRock appears to be the sole significant buyer. If their purchasing halts, it remains to be seen who else might enter the market at these levels.
To encapsulate my above statement, my preliminary estimation suggests a slowdown during and after the Bitcoin halving, heralding a period of construction for blockchain enthusiasts. I project the next all-time high might occur in Q3 2025. Meanwhile, brace for a tumultuous journey ahead.
Although certain tokens may yield significant returns for a select few, one must consider the broader scenario. Market makers are potentially shaping the graph for future selling opportunities. Post-correction, an influx of investors is anticipated. It's crucial to be well-prepared for the ascent to Bitcoin's subsequent all-time high.
I wish us all the best of luck in navigating the forthcoming market dynamics.
Finally my predictions:
$BTC : 57,000 or lower by 25th March
$ETH : 2,800-3,000 by 25th March
#TrendingTopic #BTC #HalvingHorizons #ETH $BTC $ETH
Upon examining the four charts, actually there is a fifth one. A common thread emerges, with Jerome Powell being a key figure shedding light on the situation. We are witnessing all-time highs across stocks, inflation, and cryptocurrency prices. A market correction seems imminent, likely to occur the next week for crypto.
This few days will reveal whether we will experience another surge (possibly the last before the Bitcoin halving) or if prices will stabilize at current price $66k-67k and then decline once the prominent ETFs cease their Bitcoin acquisitions. An analysis of their Bitcoin holdings relative to market capitalization indicates they possess sufficient Bitcoin for their investors. At present, BlackRock appears to be the sole significant buyer. If their purchasing halts, it remains to be seen who else might enter the market at these levels.
To encapsulate my above statement, my preliminary estimation suggests a slowdown during and after the Bitcoin halving, heralding a period of construction for blockchain enthusiasts. I project the next all-time high might occur in Q3 2025. Meanwhile, brace for a tumultuous journey ahead.
Although certain tokens may yield significant returns for a select few, one must consider the broader scenario. Market makers are potentially shaping the graph for future selling opportunities. Post-correction, an influx of investors is anticipated. It's crucial to be well-prepared for the ascent to Bitcoin's subsequent all-time high.
I wish us all the best of luck in navigating the forthcoming market dynamics.
Finally my predictions:
$BTC : 57,000 or lower by 25th March
$ETH : 2,800-3,000 by 25th March
#TrendingTopic #BTC #HalvingHorizons #ETH $BTC $ETH
Currrent market I think is a 50/50 situations for people who doing future trade! Manage your risk well as the graphs might go up and down!
While waiting for a more safe trade market, why not look into what Binance earn can offer!
Earning free pixel while waiting for a better trade entry point.
Let me know if you find any token worth to enter now!
#Write2Earn #TrendingTopic #PixelAirdropPoints #binanceearn
While waiting for a more safe trade market, why not look into what Binance earn can offer!
Earning free pixel while waiting for a better trade entry point.
Let me know if you find any token worth to enter now!
#Write2Earn #TrendingTopic #PixelAirdropPoints #binanceearn
I’m a common sense trader without skills and knowledge about lines. But I been liquidated before with huge amounts and lost over millions on exchanges. I stop for a years and I’m back now with small capital.
I believe I can make back my millions with longer period of time. Let’s share and learn together! Ready to follow any guru, please recommend!
Continue farming..
Shorting btc , eth, sui at current price 🤣
DYOR
#Write2Earn #TrendingTopic #BTC #ETH $BTC $ETH
I believe I can make back my millions with longer period of time. Let’s share and learn together! Ready to follow any guru, please recommend!
Continue farming..
Shorting btc , eth, sui at current price 🤣
DYOR
#Write2Earn #TrendingTopic #BTC #ETH $BTC $ETH
$AVAX
Avalanche leads, with an upcoming 9.5 million-token release by 22nd February. Which is about to be 10 days from now, what is your price prediction?
I have just open a position will shows you guys after this pools end, hope I’m right!
#Write2Earn #TrendingTopic #AVAXRisingHigh #AVAXUnleashed #avax
Avalanche leads, with an upcoming 9.5 million-token release by 22nd February. Which is about to be 10 days from now, what is your price prediction?
I have just open a position will shows you guys after this pools end, hope I’m right!
#Write2Earn #TrendingTopic #AVAXRisingHigh #AVAXUnleashed #avax
Over $80
21%
Over $50
33%
Between $41~$45
27%
Below $35
19%
52 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
Just a guess, we don’t have to be rocket scientists to guess the next 24hour’s graph. Definitely will be bearish and back to bullish! I’m a bitcoins holder but I just want to share my thoughts on common sense.
Grayscale will sell bitcoins at this price , whether more or less we don’t know, but check out last 22nd Monday of January.
My guess! BTC back to - 43k-45k for next 24hour..
#Write2Earn #TrendingTopic #GrayscaleBitcoinTrust #BTCBearish
Grayscale will sell bitcoins at this price , whether more or less we don’t know, but check out last 22nd Monday of January.
My guess! BTC back to - 43k-45k for next 24hour..
#Write2Earn #TrendingTopic #GrayscaleBitcoinTrust #BTCBearish
