Cryptocurrency News Today TheBitTimes.com

As per the report from Santiment, Bitcoin whales have accumulated close to 60,000 BTC amid the recent price correction of 10% over the past few weeks. The report notes: “As #altcoin madness has ensued, there quietly is a #bullish divergence between #Bitcoin ‘s accumulating whales and falling price. With whale holdings moving up by ~1K $BTC per day while prices fall, there is reason to believe a strong rebound can occur.” Courtesy: Santiment On the other hand, the Bitcoin market dominance has also moved closer to 50%. This happens amid the recent crash in the altcoin prices last week following the high-handed SEC action. For the first time since April 2021, Bitcoin’s (BTC) dominance in the market reached 50%. Bitcoin dominance usually rises above 50% typically suggesting bear market characteristics as investors move money into safe haven large-cap coins. During the bear market of 2018, the BTC dominance had reached above 50%. Recommended ...

Whale Transaction History After transferring 31000 Bitcoin s to cold wallet, worth over $822 million, they hold BTC in these two wallets: advertisement 20,000 BTC in 31pCdkyF6Ep8UkzpkWpv3SMbY3C5s7VhXL 11,200 BTC in 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN The trading firm’s BTC holdings were stored in wallets that had remained inactive since late 2022. These wallets received a substantial sum of 21,600 BTC directly from popular exchanges Binance and Huobi in early October 2022. It is worth noting that Binance, one of the leading cryptocurrency exchanges, played a significant role in facilitating the movement of BTC for this trading firm. As FTX, a prominent crypto exchange, temporarily halted withdrawals in early November, the trading firm withdrew an additional 15,000 BTC from their Binance account. This withdrawal further contributed to the movement of funds from their active exchange accounts to their cold wallets, ensuring enhanced security and control o...