Bitcoin Breaks $30,000 As Whales Show Outflow Activity
Submitted by Anonymous (not verified) on Tue, 04/11/2023 - 17:40Bitcoin has broken above the $30,000 mark as on-chain data shows whales have been making some large outflows during the past day.
Bitcoin has broken above the $30,000 mark as on-chain data shows whales have been making some large outflows during the past day.
The current trend in the Bitcoin MVRV ratio suggests the ongoing rally in the cryptocurrency’s price may have room to grow further still.
Data shows about $109 million in MATIC has entered into Binance’s wallets during the past day, a sign that Polygon whales may be selling currently.
Dogecoin has plunged around 8% over the past day as Elon Musk’s Twitter has dropped the Doge icon and has switched back to the original logo.
Data shows a Dogecoin wallet that had previously been dormant for 9.3 years has suddenly shown signs of activity today.
On-chain data shows that Bitcoin retail investors have been aggressively buying the asset recently, a sign that adoption may accelerate.
Data shows that Bitcoin traders have started this week with an optimistic sentiment, but here’s why this could fire back for the cryptocurrency.
The cryptocurrency exchange Binance has recently observed its largest stablecoin net outflow in history, as revealed by a report.
On-chain data shows that Bitcoin investors have shifted towards aggressive accumulation recently, something that may help sustain the rally longer.
On-chain data shows the Polygon network growth has been rising while the price has consolidated, a divergence that may be bullish for the price.
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