Transaction URL: https://blockchain.com/btc/tx/464ae7ae1799de3acf28c5a1e3a09aa9d3b3a2e7ab29e9ac97af16bb1752ea4b
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Just the Sunday Scaries?
Unlike most of the American crowd, the volatility in bitcoin didn’t take a breather to celebrate the holiday weekend. On Sunday, bitcoin hit $54,000 before bouncing back overnight. It’s currently trading around $57,000.
Memecoins weren’t spared in the selloff, and certain tokens — like dogwifhat — are still leading the top 100 losers per CoinGecko data.
Is this all super surprising? Not really. Traders have summed the action up to Mt. Gox repayments coupled with selling pressure from the German…
Read more on Blockworks
Two whale wallets offloading significant sums of Ethereum ETH/USD did little to quell the optimism of traders predicting a turnaround for ETH soon.
What Happened: Spot On Chain data highlighted two traders who unloaded 13,680 ETH, worth $41 million. One trader deposited all 6,440 ETH (worth $19.5 million) to Binance, suffering a loss of $2.65 million (-7.74%) from their latest ETH trade. However, the trader’s cumulative profit from ETH still stands at $20.6 million.
The second trader, an inactive whale, deposited the remaining 7,240 ETH ($21.4 million) to Kraken. Having held these tokens for over 1.5 years, the profit is an estimated $12.83 million (+149%).
Price Action: ETH is up 1.4% to…
Read more on Benzinga
Large holders of Chainlink (LINK), known as “whales,” have aggressively increased their holdings, purchasing over 6.2 million LINK in the past week. These major players, who hold between 10,000 and 1,000,000 LINK coins, have invested approximately $76.88 million. The acquisitions highlight a bullish stance among the biggest stakeholders in the Chainlink ecosystem.
The recent accumulation corresponds with noticeable fluctuations in LINK’s market price, as indicated by the latest trading data. The spike in trading volume and the substantial upward movement in the whales’ collective holdings suggest a coordinated strategy to leverage or influence market dynamics favorably. Analysts are closely monitoring these developments, as the actions of large-scale holders can often precede significant market shifts.
