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Unsere Website auf Deutsch Möchten Sie die deutsche Version des Cointelegraph besuchen? Nein Ja X * BTC $38,557 -0.25% * ETH $2,778 -0.09% * BNB $383 -0.32% * SOL $110 +2.99% * XRP $0.63 +0.80% * DOGE $0.14 +1.26% * English Unsere Website auf Deutsch Möchten Sie die deutsche Version des Cointelegraph besuchen? Nein Ja * Advertise * Careers * News * Bitcoin * Ethereum * Altcoins * Blockchain * Business * Policy & Regulations * NFTs * DeFi * Adoption * Markets * Market News * Price Indexes * Market Analysis * Heatmap * Top 10 Cryptocurrencies * Magazine * People * Top 100 2021 * Top 100 2020 * Opinion * Expert Take * Interview * Cryptopedia * Explained * How to Crypto * Bitcoin101 * Ethereum101 * Dogecoin101 * Altcoin101 * DeFi101 * Trading101 * NFT101 * Blockchain101 * Funding101 * Regulation101 * CT Store * Consulting * Consulting Services * Technology Providers * Industry Reports * Video * Markets Pro William Suberg 22 hours ago BITCOIN WHALES BUY AT $38K AS BTC SUPPLY PER WHALE HITS 10-YEAR HIGH Big investors are betting big on Bitcoin price strength, but the same cannot be said for the average exchange user. 7964 Total views 53 Total shares Listen to article 2:32 Markets News * * * * * * * * Bitcoin (BTC) jumping to $39,000 has already activated large-volume investors this week, the latest data shows. Analyzing whale behavior, on-chain monitoring resource Whalemap revealed accumulation underway at levels above $36,000. THIS WEEK’S BTC PRICE “TRIGGERED” WHALES Identifying clusters of whale bids, Whalemap uncovered what appears to be renewed market confidence among those with some of the largest BTC balances — between 100 BTC and 10,000 BTC. “Recent prices triggered whales to accumulate Bitcoin,” researchers summarized on Twitter Tuesday. According to cluster data, whales now own 330,000 BTC bought at spot prices between $36,000 and $38,000. Whale wallet accumulation annotated chart. Source: Whalemap/Twitter Overall, the portion of the BTC supply per whale wallet is now at its highest in a decade, data from on-chain analytics firm Glassnode uploaded to Twitter by popular account Priced in Bitcoin shows. This comes despite the vastly larger Bitcoin user base compared to the largest cryptocurrency’s early days. Bitcoin supply per whale vs. BTC/USD chart. Source: Priced in Bitcoin/Twitter Trader and analyst William Clemente, meanwhile, described last week’s whale activity as “fairly heavy” buying. EXCHANGES SEE NEW INFLUX OF BTC THIS WEEKEND The results run in contrast to a decreasing buying trend, which began in the second half of January. Related: Bitcoin market cap dominance hits 2-month high as altcoins struggle As Cointelegraph reported, exchanges returned to seeing greater outflows than inflows in recent weeks, despite spot price action putting in lower lows. In the past few days, however, exchange users have conversely sent BTC to their accounts as BTC/USD has risen to its highest levels in two weeks. The 21 platforms monitored by on-chain analytics firm CryptoQuant saw their balance increase from 2.357 million BTC on Jan. 29 to 2.377 million BTC on Jan. 31, the latest date for which data is currently available. Bitcoin exchange reserves vs. BTC/USD chart. Source: CryptoQuant Whales may not actively use exchanges for larger buys, particularly if they are in a position to perform over-the-counter trades or purchase coins directly from miners. Delivered every Monday Subscribe to the Markets Outlook newsletter Email Address Subscribe By subscribing, you agree to our Terms of Services and Privacy Policy * #Bitcoin * #Bitcoin Price * #Markets * #Cryptocurrency Exchange Related News * Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors * Leading Solana DEX announces partnership with Metaverse-based finance protocol * Bitcoin miners believe global hash rate to grow ‘aggressively’ * Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip * Price analysis 1/28: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX * Price analysis 1/31: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX Load more articles Editor’s Choice * US bobsledder feels the Bitcoin rhythm and orange pills his fans * Hodlers beware! New malware targets MetaMask and 40 other crypto wallets * BTC price faces crucial trend battle as Bitcoin RSI confirms breakout * Diem stablecoin co-founder praises Bitcoin for censorship resistance * Colombia clamps down on crypto tax evasion as adoption thrives Cointelegraph YouTube Subscribe Advertise with us Robust liquidity on HitBTC Note that all trading strategies are to be used at your own risk. Before trading, we recommend to make sure that you have a clear understanding of cryptocurrencies and how they are traded. fast exchange on Changelly This is to note that you should realize all crypto trading risks. Please make sure that you understand how crypto exchange service works. Exchange Crypto at True Cost Note that all trading strategies are to be used at your own risk. Before trading, we recommend to make sure that you have a clear understanding of cryptocurrencies and how they are traded. Cointelegraph.com uses Cookies to ensure the best experience for you. Accept