Bitcoin reserves at Binance hit a 2-year high – Is selling pressure building?

Binance’s Bitcoin [$BTC] holdings have climbed above 693,000 $BTC—the highest level in almost two years. In fact, Binance’s holdings have risen by around 77,000 $BTC since the end of April. The most simple reason behind this surge could be that investors transferred Bitcoin to Binance [$BNB] during periods of strong price appreciation. This mainly includes […]

Analyzing Bitcoin Cash’s 10% drop: What’s next for BCH whales?

Bitcoin Cash [$BCH] declined roughly 10% over the past day. Interestingly, whale-sized orders dominated activity across $BCH’s Spot and perpetual markets during the decline. What were $BCH whales doing? Analysis showed whale-sized orders dominated both markets during the past 24 hours. Average Order Size measures the average volume traded per transaction. The Futures Average Order […]

Philadelphia Fed finds Bitcoin traders follow whale signals faster than Ethereum users

A Federal Reserve Bank of Philadelphia working paper published this month found that public notifications of large crypto transfers were followed by sharply different trading activity on Bitcoin and Ethereum. Non-whale Bitcoin wallets became active and traded in the alerted whale’s direction most strongly during the first 15 minutes. Ethereum participation, by contrast, remained comparatively […]

Bitcoin Hit by Another Blockchain Reorg

Bitcoin experienced another small blockchain reorganization on Sept. 11. The latest incident occurred at block height 966,500. Two different mining pools produced valid competing blocks built on the same parent block. SpiderPool’s version was treated as the tip of the Bitcoin blockchain after reaching Galaxy Research’s node. However, AntPool had independently produced another valid block […]

Two Analysts Issue Critical Warning on Bitcoin: “The Bottom Hasn’t Been Fixed, the Bull Market Hasn’t Started” Here’s Why

The leading cryptocurrency, Bitcoin, made a significant jump in August, climbing from around $62,000 to over $80,000. While this rise increased expectations that July’s $58,000 level was the bottom for $BTC, the recent drop has reignited debates about whether $58,000 was the bottom of the current market cycle. According to a seasoned analyst, on-chain data […]