Coinbase Whale Accumulation Could Prevent Bitcoin Dropping Below $44K

Bitcoin prices have recovered somewhat since yesterday’s flash crash drove them into the ground temporarily, but metrics from Coinbase suggest there could be a $44k bottom due to whale accumulation.

REN price rallies 60%, hitting a new high after recent DeFi integration

REN price spiked to a new all-time high shortly after its recent integration with Binance Smart Chain. Ren (REN) price underwent a strong 65% breakout on Feb.19 as the interoperability-focused protocol saw continuing accumulation from whale wallets holding more than 1 million REN.

Battle of the whales as $50K Bitcoin hinges on 'Coinbase premium'

A negative premium implies that accumulation will last a little longer, meaning that $50,000 as support may have to wait too. Bitcoin (BTC) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests. In a tweet on Feb.

Bitcoin Holders Have Now Stashed Away 15% of Circulating Supply

Continued accumulation of bitcoin by investors is causing market liquidity to drop and helping drive prices higher.

Grayscale is buying BTC 54% faster than it is mined so far in 2021

Grayscale is continuing its BTC accumulation spree, snapping up more than 40,000 BTC in just 16 days. Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13.

Bitcoin Falls 5% Despite Continued Accumulation by Investors

Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors.

Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

The price of bitcoin and a number of digital assets have been consolidating this week, after a number of crypto markets dropped over 25% the week prior.

Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

Volatility and funding rates surge, but large BTC holders continue to accumulate. As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone.

Top 100 Bitcoin addresses accumulated $11B more BTC in the past 30 days

Bitcoin’s top 100 richest addresses have snapped up almost 350,000 more BTC in the last 30 days. The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days.  In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000.