A crypto analytics firm that two key investor cohorts have been snapping up Bitcoin (BTC) as the value of the king crypto plunged below $20,000 last week.

Santiment says that Bitcoin whales and sharks, or addresses holding 10 to 10,000 Bitcoin, gobbled up 40,557 BTC worth a staggering $821.50 million in the past week.

With the heavy accumulation from the largest Bitcoin holders, the firm says investors should keep an eye on the traditional markets for clues on what comes next for BTC.

“Bitcoin sharks and whales don’t appear to be to blame for crypto’s rough week. In fact, addresses holding 10 to 10,000 BTC have collectively accumulated $821.5 million back during this mid-sized crash. Crypto’s correlation with equities is what to watch.” 

According to the analytics firm, traders have shifted their focus on Bitcoin at the expense of altcoins following last week’s pullback. Santiment says that the change in behavior could be a signal that a crypto market reversal is in sight.

“Crowds are focusing back on BTC. This is the highest ratio of BTC vs alt discussions since July, 2022. High Bitcoin discourse is a fear sign, which historically can turn around markets.” 

At time of writing, Bitcoin is trading for $22,277, up over 8% in the last 24 hours.

#WhaleAlert #whale #bitcoin #koinmilyoner #crypto2023

According to the latest report, a prominent Shiba Inu whale has been on a buying binge. Etherscan data revealed that the 19th largest Shiba Inu whale purchased over $1.55 million worth of SHIB, amounting to 150,553,500,877 tokens. The whale acquired the tokens in three separate transactions in the last 24 hours. This purchasing spree by the whale occurred simultaneously with a large-scale token burn initiative by the SHIB community.

Etherscan data

Shiba Inu Whale On Buying Spree

According to Etherscan data, the 19th-largest Shiba Inu whale recently purchased a total of 150,553,500,877 SHIB tokens, valued at over $1.55 million, in three transactions over the past 24 hours. The first transaction involved 16,099,042,840 SHIB tokens, followed by the second transaction of 108,040,560,167 SHIB tokens, and then the third transaction of 26,413,897,870 SHIB tokens. This buying spree occurred amid a period of intense token burning by the SHIB community.

This same whale had previously acquired over 168.37 billion SHIB tokens on April 25, in two separate transactions worth about $1.72 million. As of now, the Shiba Inu whale holds a total of 5,178,454,552,701 SHIB tokens, which are currently valued at approximately $53.33 million.

SHIB Community Burns Over 2 Million SHIB On the Last Day

Recent data from Etherscan shows that a top Shiba Inu whale has purchased over $1.55 million worth of SHIB tokens in three separate transactions in the past 24 hours. The whale now holds a total of 5,178,454,552,701 SHIB tokens, which are currently worth approximately $53.33 million.

The Shiba Inu community has also continued its burning spree, with over 2 million SHIB tokens sent to the dead wallet in the last 24 hours alone. The recent spike in burn activity was to compensate for the drop in burn rate that occurred on April 27th, when only 47,664 SHIB tokens were burned. This resulted in a 96% decline in the burn rate from the April 26 levels.

However, the community has recently stepped up its game again, with a recent boost in the burn rate suggesting renewed commitment to the burn initiative. To date, the community has burned 410.63 trillion SHIB tokens, leaving a total supply of 589.366 trillion tokens and a circulating supply of 574.087 trillion.

SHIBUSDT trends lower on the chart l SHIBUSDT on Tradingview.com

As of now, the price of Shiba Inu (SHIB) is experiencing a bearish trend compared to the overall cryptocurrency market cap, which has increased by 0.59% in the last 24 hours. Currently, SHIB is trading at $0.0000102 with a 0.29% decrease in its price over the past 24 hours.

#SHIB #shibainu #WhaleAlert #whale #crypto

Source: bitcoinist

image Source: ai

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Crypto market always have been manipulative. Whether it has been by influencers, celebrities or by Crypto whales. At the end of the day a common trader always get trapped In The dirty business. So how to beat them in their game

How Crypto Whale Manipulate The Market

There are several tactics to manipulate the market. With the large sum of money some inside the information and vast following of people crypto whales as well influencers always stay ahead of the game by yards.

A. Pump and Dump scheme

Pump and dump scheme is one of the most easy and manipulative scam. Whales or Influencers chooses or create micro cap coin and then shill it. For whales it goes like this they create a coin pay influencers to shill it on DeXes than easily sell their portion and dump the entire coin.

B. Wash Trading

Wash Trading also one of the tricks use by these whales. They create artificial demand for a token by placing large buy or sell order. That creates a artificial buy flow or sell flow. And people tend to believe that it's true and try to catch the knife. They always attract majority of people cause the token might plunge 50% in 1hoyr or drowing 30% in 5 minutes that itself create a seniment in traders mind. Which is purely planned

C. Coordinated Selling

Whales may collaborate to execute large-scale sell orders simultaneously, causing panic selling among retail investors and driving prices down. This coordinated effort capitalizes on the psychological impact of market fear.

Strategies To Beat Crypto Whales

So what average today accept their defeat and move on or try something Brave. Well beating Crypto whales isn't a big thing. Beating them is like Beating the market sentiment. You've to be patience enough to try. Here're some Tips

Conducting Research

Diversifying portfolios

Utilizing technical analysis

Engage with community

Adopting Long Term Holding strategy

A. Conducting research

Research before putting a single penny on market. If you don't research and play blindly on market flow you might get wrecked as there're many manipulation in market every checkpoint. So conducting a proper reserch before putting money is a must.

B. Diversifying portfolios

Putting all money in one coin or one type of coin or One sector is pure foolish move. Diversifying is a great thing. If you diversify your portfolio and putting money in different aspects you might get less scratches than other players. Market doesn't move like a river many sectors can be up when whole market is red.

C. Utilizing technical analysis and Stop-loss

Technical Analysis, this is the most used world in Crypto feternity. And belive me it's very important rather than depending on chances and gambling technical analysis always gives you a edge. Putting stop-loss can save your portfolio getting rekt it's like Airbag.

D. Engaging with the community

Before putting money in any project try to engage with that community. Discuss with them, try to connect with them if you believe they have proper reasons to get your money you can go for it.

E. Adopting a long-term investment approach.

Long-term investment is cool. It eventually eliminate short term market volatility. By investing long term it doesn't mean you should put your money in a unknown coin in hope for a 1000x long-term investment should be decided by technical analysis and Fundamental analysis.

These are some of the tips you can follow to get more exposure in market and stay ahead of most traders.

👋 Thank you for reading, and let's continue to explore the potential of Crypto together! SUPPORT my efforts by like & sharing this article and put your inputs in comments.

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#whale

#educational