Why Bitcoin whale deposits may lead to a price drop

Bitcoin outflows from Coinbase have made headlines for the past week since they have had a positive impact on the price in the past market cycles, signaling accumulation by institutions and whales.

Bitcoin whale wars, what this means for the price?

Bitcoin is currently trading at $46037 after the asset took a dip from the $58k price range, and interestingly a 'whale wars' seem to be taking place on the spot, and derivatives exchanges.

Bitcoin whale from 2010 moves 100 BTC for first time in 11 years

Blockchain analysts have identified 100 BTC mined in June 2010 that were moved for the first time today. A veteran miner has cracked open their 2010 stash of Bitcoin, with crypto analysts spotting 100 BTC being transferred from two wallets that had laid dormant for more than a decade. Prior to today’s transaction, the addresses had not seen any activity since receiving a 50 BTC Coinbase reward each nearly 11 years ago, except for two incoming transactions worth just 0.00000547 BTC each that were sent to the wallets in the last six months.

An Ancient Bitcoin Whale Just Moved $5 Million in BTC

Bitcoin in old-time wallets are on the move.

Massive Bitcoin Whale Transactions Move More Than $1,900,000,000 in Crypto

Crypto whale activity has hit a fever pitch over the last 24 hours as deep-pocketed investors move nearly $2 billion worth of Bitcoin.

Bitcoin whale clusters pinpoint $44,214 as the key near-term price level

Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend. As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance. Why is this level important for more BTC upside?  Whale clusters form when whales or high-net-worth investors purchase Bitcoin at a certain price level and do not move them. These levels often act as support or resistance levels because whales are more likely to buy more BTC at the level they are holding from or sell at breakeven. Bitcoin whale inflows.

Massive Whale Moves $1.1 Billion in Bitcoin – Here’s What We Know and Where the Crypto Is Going

A massive Bitcoin whale is capturing the attention of crypto sleuths after moving over a billion dollars worth of BTC.

Bitcoin Whale Accounts Surge in 2021 as Fiat Flows In

The number of accounts holding more than a thousand Bitcoins has increased by a significant amount since the beginning of the year.

So You’re Not a Bitcoin Whale – But What Kind of BTC Sea Creature Are You?

You’ve probably heard about the overarching influence of bitcoin (BTC) whales, but it turns out there are plenty more fish in the crypto sea – and they all have an impact on the health of the sector.

Bitcoin Whale Just Moved $483,000,000 in BTC From Coinbase – Here’s Where the Crypto Is Heading

A movement of nearly half a billion dollars worth of BTC is turning heads among crypto traders.

Bitcoin whale explains to Bloomberg why crypto volatility will decline

The CEO of One River Asset Management believes BTC volatility will decline as its price continues to climb.

23rd Biggest Bitcoin Whale Alive Moves $981,000,000 BTC – Here’s Where the Crypto Is Heading

Bitcoin whale watchers are following the movement of nearly a billion dollars worth of BTC.

Second Bitcoin Whale Spotted Holding At Least 100,000 BTC Worth $2.8 Billion

For the first time since June 24th 2020, Bitcoin has a 2nd whale address with 100k+ BTC tokens held, according to on-chain data provider Santiment.

Crypto Whale Abruptly Drains Wallet, Moving $615,000,000 in Bitcoin in Single Transaction

Crypto sleuths are tracking a transfer that witnessed a large Bitcoin whale abruptly drain a BTC wallet to the tune of hundreds of millions of dollars.

Bitcoin Whale Addresses at an All Time High as Major Indicators Suggest Bullish Outlook for BTC

Bitcoin has seen a few major dips, and has recently recovered to trade in the $33,900 region recently.

Bitcoin Whale manipulation - Past, Present, and Future

The collective crypto-market is adding more and more value to its market cap with every passing day.

Bitcoin whale clusters pinpoint key support level for the rally to continue

Bitcoin whale clusters show $23,409 as a key support area, which means the ongoing rally has a strong floor. Bitcoin (BTC) whale clusters show that the $23,409 level has become an area of focus for large traders.

Bitcoin Whale Addresses Continue to Grow, as Smaller BTC Holders Sell at $23K for Profit

Crypto on-chain analytics firm recently noted that the number of Bitcoin holders with more than 1,000 BTC has continued to grow, almost reaching a new all-time high.

The 15th Largest Bitcoin Whale on Earth Just Moved $1 Billion in Crypto – Here’s Where It’s Going

Crypto insiders are tracking a transaction that witnessed one of the largest Bitcoin whales in existence emptying a billion-dollar BTC wallet.

Hedge Fund Sharks Are Heading for Bitcoin Whale Waters

Hedge fund managers with an appetite for risk are moving into Bitcoin in search of profits.

Billion-Dollar Bitcoin Whale Surfaces as Price Breaks All-Time High

Institutional investors signal mainstream adoption of crypto.

Prominent Bitcoin Whale Warns Three Factors Could Trigger Crypto Market Meltdown

One of the few publicly-known Bitcoin whales in existence is outlining three scenarios that could cause Bitcoin to suffer a major downturn.

Bitcoin whale clusters pinpoint $18.6K as key short-term resistance

Bitcoin whale clusters show that the $18,600 level is the most important short-term resistance level for BTC price.

Analysts say surging Bitcoin whale inflows heighten chance of BTC correction

Bitcoin whale inflows are increasing as the price of BTC struggles to break past $19,500. Since hitting a new all-time high, Bitcoin (BTC) price has been unable to flip the $19,400 level to support.

The 34th Richest Bitcoin Whale Just Gutted Crypto Wallet, Moving $415 Million in BTC

One of the largest Bitcoin whales in existence just emptied a massive BTC wallet, moving hundreds of millions of dollars worth of the largest cryptocurrency.

Enormous Bitcoin Whale Abruptly Unloads Crypto Wallet in $386,000,000 Transaction

Crypto whale watchers just witnessed the movement of a vast BTC fortune to the tune of hundreds of millions of dollars.

Bitcoin whale clusters show these are the strong support levels

Whale clusters show that the key short term support areas for Bitcoin are $16,694, $16,411, and $16,064. Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000-$18,000 level.

This Bitcoin Whale Trend Suggests a Serious Selloff Could be Imminent

It has been a rough past few days for Bitcoin, with the cryptocurrency seeing immense sell-side pressure as bears aim at erasing the gains that have come about as a result of the recent uptrend.

Why Bitcoin Crashed by $3000 and Is Currently Undergoing a Sharp Price Correction

After a bullish rally where Bitcoin soared past $18,500, the digital asset underwent a notable price correction, trading dropping below $16,500.