Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Bitcoin Whales Unleash Crazy $4.26 Billion Shopping Spree By U.Today
    Cryptocurrency

    Bitcoin Whales Unleash Crazy $4.26 Billion Shopping Spree By U.Today

    July 14, 20242 Mins Read


    U.Today – Latest data from IntoTheBlock shows that (BTC) whales have significantly increased their holdings by 71,000 BTC this week, taking advantage of the recent dip in the BTC price. The Large Holders Netflow metric, which tracks the activity of investors holding more than 0.1% of the total Bitcoin supply, indicates significant accumulation by these large players.

    The netflow metric shows a big increase, corresponding to an addition of more than 70,000 BTC, equivalent to more than $4.3 billion. This accumulation occurred at a time when the price of Bitcoin fell sharply to a low of $55,550. The timing suggests that the whales took advantage of the lower prices to add significantly to their positions.

    Following this accumulation, the price of BTC rebounded impressively, rising 10.3% to over $60,000 per BTC. This rebound underscores the impact of whale activity on the cryptocurrency market, highlighting how strategic moves by large holders can influence price trends.

    The large holder netflow metric serves as a valuable indicator of large investor behavior. Spikes in this metric typically signal accumulation, while dips indicate reduced positions or selling. This week’s spike in netflow coincides with the recent drop in price, suggesting that the whales saw the lower prices as a buying opportunity.

    The rebound in the price of Bitcoin following their accumulation begs the question: Could this be a sign of market manipulation by the most powerful entities?

    This article was originally published on U.Today





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    New Cryptocurrency Releases, Listings & Presales Today – League of Traders, LayerEdge, Bitcoin Hyper

    Cryptocurrency

    Cryptocurrency Live News & Updates : Crypto Market Plummets Amid Geopolitical Tensions

    Cryptocurrency

    Next Cryptocurrency to Explode, 22 June — Venom, EOS, Pax Gold, Beldex

    Cryptocurrency

    Better Cryptocurrency to Buy Right Now With $5,000: XRP vs. Ethereum

    Cryptocurrency

    A Brant County resident lost $18,500 in a cryptocurrency scam

    Cryptocurrency

    France arrests five over cryptocurrency kidnapping

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    USDA Offers Disaster Assistance to Agricultural Producers Impacted by Hurricane Beryl

    Cryptocurrency

    Philippine Authorities Arrest 99 People in Massive Cryptocurrency & Romance Scam Operation

    Stock Market

    Dividend, Stock Split & Bonus: Bharat Electronics, HUDCO, IOL Chemicals Among Stocks To Trade Ex-Date This Week

    Editors Picks

    US Government Charges Crypto Firms on Crypto Manipulation Fraud

    October 10, 2024

    Padel: vent de fraîcheur sur Bandol, Léa Godallier remporte le tournoi féminin du FIP Silver

    June 8, 2025

    Startup’s Cannabis Payment Deal Dispute Can Move Ahead

    August 15, 2024

    BlockDAG Attracts High-Profile Investors with X100 Miner & $57.6M Presale as Fantom Gears Up for Growth and Kaspa Maintains Stability

    July 13, 2024
    What's Hot

    Klarna fait machine arrière sur l’IA

    May 15, 2025

    Salute to Idaho Agriculture: Scoular

    October 18, 2024

    What are Commodities? Definition & Examples

    March 21, 2025
    Our Picks

    Gold prices continue to fall – Markets

    May 3, 2025

    Barrick a résisté en 2024 à la baisse de la production nationale d’or au Mali

    February 10, 2025

    I Am Your God strike back with new metal single “Terminus”

    October 24, 2024
    Weekly Top

    Next Cryptocurrency to Explode, 22 June — Venom, EOS, Pax Gold, Beldex

    June 22, 2025

    Hellfest 2025 : Savatage, Judas Priest, le vrai metal ne meurt jamais… Notre récit du troisième jour

    June 22, 2025

    Quatre jours de métal sous un soleil… de plomb au Graspop Metal Meeting

    June 22, 2025
    Editor's Pick

    Dividend stock Matrimony declares ₹5 per share dividend. Record date, other details

    March 24, 2025

    Hindustan Copper Limited annonce des changements de directeur général -Le 21 mars 2025 à 13:57

    March 21, 2025

    une bijouterie braquée dans la banlieue de Lyon

    April 10, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.