US EditionBitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise - Overpasses For America
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5 Articles
Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise - Overpasses For America
Bitcoin continues to maintain upward momentum despite a recent pullback from its all-time high. Currently trading at $117,847, the asset has recorded nearly a 10% gain over the past week. The dip from peak levels, approximately a 4.1% decline, has not dampened broader investor sentiment, with several on-chain indicators suggesting renewed buying interest and reduced selling pressure. Bitcoin Whale Withdrawals Decline, While Stablecoins Flow In I…
Bitcoin Whales Spark Concern Amid Record Highs
Bitcoin’s ascent to new all-time highs has been a spectacle, with the cryptocurrency reaching $123,218 on Binance on July 13. However, beneath this bullish surface, on-chain data is whispering a different tune, one that could potentially derail the rally. Long-term Bitcoin holders (LTH), those who have held their coins for over 155 days, have started to distribute their holdings. Source
While whale inflows to the Binance exchange are decreasing, the increase in individual investor inflows is increasing, creating volatility in the Bitcoin (BTC) price. According to new data shared by CryptoQuant analysts, Binance, the world's largest cryptocurrency exchange... Bitcoin on Binance...
Written by Muhammad Riad Investing.com – Bitcoin's price rose at the end of the US session, and is now trading at $120,354.5, up 1.43% in the last 24 hours. According to Investing.com data, Bitcoin remains the most dominant cryptocurrency with a 61.5% market share, followed by Ethereum with a 10.9% market share. Based on today's closing price, Bitcoin has risen +4.8% in the last seven days, while the most popular altcoin, Ethereum, has also rise…
Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise
Bitcoin continues to maintain upward momentum despite a recent pullback from its all-time high. Currently trading at $117,847, the asset has recorded nearly a 10% gain over the past week. The dip from peak levels, approximately a 4.1% decline, has not dampened broader investor sentiment, with several on-chain indicators suggesting renewed buying interest and reduced... The post Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin …
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