Litecoin Whales Go On $230 Million Buying Spree: Will This Change LTC’s Stars?

Crypto Breaking · 2024-05-21T01:12:35.000Z

On-chain data shows the Litecoin whales have gone on a $230 million buying spree recently, which could bring bullish winds for the coin. Litecoin Whales Have Been Making Net Inflows To Their Wallets Recently According to data from the market intelligence platform IntoTheBlock, the Litecoin whales have received large net inflows in their addresses over the past month or so. The on-chain indicator relevant here is the “Large Holders Netflow,” which tracks the net amount of Bitcoin entering into or moving out of the combined wallets of investors owning at least 1% of the cryptocurrency’s circulating supply. Related Reading IntoTheBlock defines such “large holders” as the whale entities of the asset. Whales are generally considered to be influential beings on the network, owing to their ability to move large amounts on the network in a short span of time. When the Large Holders Netflow has a positive value, it means that these humongous investors are receiving a net amount of coins into their balance right now. Naturally, such buying can be bullish for the coin’s price. On the other hand, the negative indicator implies the whales are potentially participating in selling currently, which could have bearish consequences for the asset. Now, here is a chart that shows the trend in the Litecoin Large Holders Netflow over the past month: The value of the metric seems to have been positive in recent days | Source: IntoTheBlock on X As displayed in the above graph, the Litecoin Large Holders Netflow has mostly observed positive values inside this window, suggesting that the whales’ wallets have been receiving net deposits. According to the analytics firm, these large holders have accumulated 2,751,633 LTC in the last 30 days. At the current exchange rate of the asset, this stack is worth a whopping $230 million. As the chart also shows, the indicator spiked particularly strongly on the 10th of this month. During these net inflows alone, the whales bought 900,000 LTC, the highest daily amount since February, representing around one-third of the total accumulation in the past month. Related Reading This buying spree from the large holders has come as the asset’s price has been consolidating around its lows following the mid-April crash. Thus, it would imply the whales believe the recent prices of Litecoin to have been worthy entry points into the coin. This could certainly be a bullish sign for the cryptocurrency, so it remains to be seen how the asset’s price will develop in the near future. The indicator may be worth monitoring, though, as its value turning negative could instead spell a bearish outcome for the coin. LTC Price Litecoin has continued to consolidate inside its range recently as its price is currently trading around $84. Looks like the price of the asset has been trading sideways over the last few weeks | Source: LTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, IntoTheBlock.com, chart from TradingView.com Source: NewsBTC.com The post Litecoin Whales Go On $230 Million Buying Spree: Will This Change LTC’s Stars? appeared first on Crypto Breaking News.

链上数据显示，莱特币巨头最近已疯狂购买 2.3 亿美元，这可能会给该货币带来利好。
莱特币鲸鱼最近一直在向其钱包净流入
根据市场情报平台 IntoTheBlock 的数据，莱特币鲸鱼在过去一个月左右的时间里在其地址中收到了大量净流入。
这里相关的链上指标是“大户净流量”，它追踪进入或转出拥有至少 1% 加密货币流通供应量的投资者的综合钱包的比特币净额。
相关阅读
IntoTheBlock 将此类“大额持有者”定义为资产的鲸鱼实体。鲸鱼通常被认为是网络上有影响力的人物，因为他们有能力在短时间内在网络上转移大量资金。
当大额持有者净流量为正值时，这意味着这些巨额投资者目前正在收到净额的代币。当然，这种购买行为对代币的价格有利。
另一方面，负面指标意味着鲸鱼目前可能正在参与抛售，这可能会对资产产生看跌影响。
现在，这里有一个图表，显示了过去一个月莱特币大持有者净流量的趋势：
该指标的值最近几天似乎呈正值 | 资料来源：IntoTheBlock on X
如上图所示，莱特币大户净流量在此窗口内大多观察到正值，这表明巨鲸的钱包一直在收到净存款。
据该分析公司称，这些大持有者在过去 30 天内积累了 2,751,633 个 LTC。按照该资产的当前汇率，这笔钱价值高达 2.3 亿美元。
图表还显示，该指标在本月 10 日飙升得尤其厉害。仅在这些净流入期间，鲸鱼就购买了 900,000 LTC，这是自 2 月份以来的最高日购买量，约占过去一个月总积累量的三分之一。
相关阅读
大型持有者疯狂购买莱特币之际，该资产的价格在 4 月中旬暴跌后一直在低点附近盘整。因此，这意味着鲸鱼们认为莱特币的近期价格是入手该币的合适时机。
这对于加密货币来说无疑是一个利好信号，因此该资产的价格在不久的将来会如何发展仍有待观察。不过，该指标可能值得关注，因为其价值变为负值可能反而会给该代币带来利空结果。
LTC价格
莱特币近期持续在其区间内盘整，目前其价格在 84 美元左右。
过去几周，该资产的价格似乎一直横盘整理 | 资料来源：TradingView 上的 LTCUSD
特色图片来自 Unsplash.com 上的 Kanchanara、IntoTheBlock.com，图表来自 TradingView.com
来源：NewsBTC.com
文章《莱特币鲸鱼疯狂购买 2.3 亿美元：这会改变 LTC 的命运吗？》首先出现在 Crypto Breaking News 上。

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