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Whales Accumulate Bitcoin (BTC) and XRP, Santiment Predicts Possible Rise.
#Santiment , a market intelligence platform that offers onchain and social metrics, has detected a bullish trend developing among most major coins in the crypto market. While Bitcoin and Ethereum are showing signs of regaining their all-time highs (ATH), large-cap investors, i.e. whales, are exhibiting market behavior consistent with the detected trend.
Back on the XRP Ledger, Santiment noted that XRP whales are moving in a positive direction on the cryptocurrency.
Santiment's analysis of #XRP covers a four-year cycle in which whales disrupt and reassemble assets. According to Santiment, XRP whales added 3.17 billion more XRP coins to their wallets. The analytics platform defined whales as those holding more than 10 million XRP tokens, worth approximately $5.1 million each.
The four years under review saw XRP rise to almost $2, followed by sustained downward pressure, due to the protracted legal battle between Ripple and the US SEC. Often, crypto traders study whale movements to predict market directions. Therefore, the XRP accumulation recorded by Santiment may indicate a potential rally for XRP soon, as the #Ripple and #SEC case nears a definitive end.
At the time of writing, #XRP is trading at $0.52491 and continues to trade in a narrow horizontal channel. The current price reflects a 2.38% retracement for the day after gaining 3.57% the previous day.
As whale activity continues to shape the crypto market, XRP accumulation by large investors could be a key indicator of a potential rally. With the Ripple-SEC legal battle nearing its conclusion, market participants should closely monitor future investment opportunities.
$BTC $XRP
#Santiment , a market intelligence platform that offers onchain and social metrics, has detected a bullish trend developing among most major coins in the crypto market. While Bitcoin and Ethereum are showing signs of regaining their all-time highs (ATH), large-cap investors, i.e. whales, are exhibiting market behavior consistent with the detected trend.
Back on the XRP Ledger, Santiment noted that XRP whales are moving in a positive direction on the cryptocurrency.
Santiment's analysis of #XRP covers a four-year cycle in which whales disrupt and reassemble assets. According to Santiment, XRP whales added 3.17 billion more XRP coins to their wallets. The analytics platform defined whales as those holding more than 10 million XRP tokens, worth approximately $5.1 million each.
The four years under review saw XRP rise to almost $2, followed by sustained downward pressure, due to the protracted legal battle between Ripple and the US SEC. Often, crypto traders study whale movements to predict market directions. Therefore, the XRP accumulation recorded by Santiment may indicate a potential rally for XRP soon, as the #Ripple and #SEC case nears a definitive end.
At the time of writing, #XRP is trading at $0.52491 and continues to trade in a narrow horizontal channel. The current price reflects a 2.38% retracement for the day after gaining 3.57% the previous day.
As whale activity continues to shape the crypto market, XRP accumulation by large investors could be a key indicator of a potential rally. With the Ripple-SEC legal battle nearing its conclusion, market participants should closely monitor future investment opportunities.
$BTC $XRP
📈 #Santiment : Dogecoin whales have purchased 1.40 billion $DOGE over the past two weeks, worth around $280 million!
📈 $ETH #Santiment : Ethereum has taken a jump this weekend, rebounding above $3.6K after dropping as much as -25% between March 11th and 19th. The amount of ETH addresses holding coins is up to an all-time high 118.23K, and mid-term MVRV has a very mild bullish signal.
📊 #Santiment : As the weekend has kicked off, sentiment toward top cap assets remain at extremely optimistic levels with spotlights on them following the #ETF approvals.
Traders are particularly bullish toward Ethereum after its market value climbed above $2,700 for the first time since May, 2022. While traders are discussing the possibility of $ETH or $XRP ETF approval possibilities, Cardano ($ADA ) is overlooked compared to its normal level of trader optimism.
Traders are particularly bullish toward Ethereum after its market value climbed above $2,700 for the first time since May, 2022. While traders are discussing the possibility of $ETH or $XRP ETF approval possibilities, Cardano ($ADA ) is overlooked compared to its normal level of trader optimism.
📊 Santiment, the cryptocurrency on-chain analysis platform, reveals that the proportion of ETH balances on exchanges has dropped to 8.07%, the lowest level since the creation of the ETH Genesis block. 📉📈 #Santiment #EthereumRally #CryptoData 📊
🐳📈 $BTC #Santiment : Bitcoin has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key bitcoin stakeholders had one of their single largest accumulation days in years.
51,959 collective bitcoin were accumulated by wallets that hold between 10-10K BTC on Sunday alone. This translates to 0.263% of the entire currently available supply being accumulated in one day.
As we close in on the final three weeks of the halving on April 19th, it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on crypto-wide market caps.
Ideally, this continued accumulation would not be coming entirely at the expense of whale and shark #USDT and #USDC holdings. Their drypowder, as it is often referenced, is a key component to continuously have the ability to swap for more cryptocurrency at any given time.
51,959 collective bitcoin were accumulated by wallets that hold between 10-10K BTC on Sunday alone. This translates to 0.263% of the entire currently available supply being accumulated in one day.
As we close in on the final three weeks of the halving on April 19th, it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on crypto-wide market caps.
Ideally, this continued accumulation would not be coming entirely at the expense of whale and shark #USDT and #USDC holdings. Their drypowder, as it is often referenced, is a key component to continuously have the ability to swap for more cryptocurrency at any given time.
🐳 $DOGE #Santiment : Dogecoin is up another +10% today, and +29% this week. The top memecoin by market cap (#8 market cap crypto asset overall) is being powered by major dormant whales moving DOGE back into circulation, and a lack of FOMO that would normally form tops.
📉 #Santiment : AxieInfinity and BitcoinCash are among the very slim group of crypto assets that are seeing a higher ratio of shorts than longs this weekend. Traders appear to be confident of a market bounce upcoming, and $BCH & $AXS are two exceptions. Short liquidations could act as 'rocket fuel' and cause market value rises if they show minor signs of bouncing while there is this level of trader shorting at their current values.
📈📉 Santiment, the on-chain analysis company, shared insights on the "profit and loss trading volume" indicator. A negative reading historically signals a potential rebound in a few weeks for the crypto market. This indicator compares transaction volumes in profit and loss states, shedding light on market sentiment. #Cryptocurrency #MarketRebound #Santiment
📊 #Santiment : $BTC has scraped above its new all-time high, reaching as high as $69.3K before markets quickly retraced -7% to $64K. With many limit orders being set just above previous ATH levels, the crowd's reaction to a retest will be telling.
📊 $BTC #Santiment : After the latest bitcoin price correction, there's been a notable shift in market mood, plunging to the most negative sentiment toward BTC since December 2023.
📊 #Santiment : $LINK hit $15.82 this weekend for the first time since April 6, 2022. LINK supply on exchanges fell below 15% for the first time since February 5, 2020. At the same time, the number of wallets with coins >0 is approaching a historical maximum and amounts to 713.56 thousand.
🐳🤑 $BTC #Santiment : Bitcoin's key stakeholders have been largely responsible for the secondary wave of market cap growth over the past 5 weeks. Wallets holding between 10-10K BTC accumulated 154.16K coins (0.665% of supply) since Feb. 4th, currently worth over $10.9B.
Developer activity is a key crypto investing metric that investors have to evaluate before jumping into an unpredictable cryptocurrency market. Investors can study developer activity on blockchain data platforms like Flipside and Santiment. They can also receive direct updates from leading blockchain developers on social platforms like X and Discord.
Remember, cryptocurrencies are highly-risk assets. Always do your own research before investing. The information in this guide does not constitute investment advice and is meant for informational purposes only.
Developer activity refers to work being done behind the scenes to upgrade blockchain systems, fix issues, and add new features and smart contracts to a cryptocurrency network. The open-source nature of cryptocurrency projects allows us to measure developer activity in near real-time by monitoring contributor activity on a developer platform called GitHub and by tracking smart contract deployment on-chain.
#Write2Earn #Github #Santiment #Flipside
Remember, cryptocurrencies are highly-risk assets. Always do your own research before investing. The information in this guide does not constitute investment advice and is meant for informational purposes only.
Developer activity refers to work being done behind the scenes to upgrade blockchain systems, fix issues, and add new features and smart contracts to a cryptocurrency network. The open-source nature of cryptocurrency projects allows us to measure developer activity in near real-time by monitoring contributor activity on a developer platform called GitHub and by tracking smart contract deployment on-chain.
#Write2Earn #Github #Santiment #Flipside
🇺🇸💸 $BTC #Santiment : The US Consumer Price Index report has come out, revealing that there was a 3.5% inflation rise in March. This higher than expected result has dropped equities markets, but crypto markets have recovered quite fine after Bitcoin initially dropped to $67.5K right before the CPI results were announced.
The crowd appears very aware of how this report can have an impact on prices, and there is a massive spike in discussions related to it. Traders appear set on staying strong right now, with "buy the dip" calls going up considerably as the sector fell. Meanwhile, sell calls have barely moved.
The crowd appears very aware of how this report can have an impact on prices, and there is a massive spike in discussions related to it. Traders appear set on staying strong right now, with "buy the dip" calls going up considerably as the sector fell. Meanwhile, sell calls have barely moved.
🐳 $BTC #Santiment : BTC whales have sold over 30,000 BTC in the last 48 hours, worth ~$1.56 billion.
🐳 #Santiment : There has been a significant spike in profit-taking by BTC-whales
Over the past three days, they have sold off more than 80,000 $BTC , equating to approximately $4.8 billion. Investors and traders are advised to proceed with caution.
Over the past three days, they have sold off more than 80,000 $BTC , equating to approximately $4.8 billion. Investors and traders are advised to proceed with caution.
