Latest news with #WhaleAlert
Yahoo
06-08-2025
- Business
- Yahoo
XRP Down 5% In 1 Week: What Is Going On?
XRP (CRYPTO: XRP) is reeling from an ongoing correction, which is weighing on the token's price despite institutional Ticker Price Market Cap 7-Day Trend XRP (CRYPTO: XRP) $2.94 $174.4 billion -5% Bitcoin (CRYPTO: BTC) $113,994.59 $2.3 trillion -3.4% Ethereum (CRYPTO: ETH) $3,621.59 $437.2 billion -4.2% Trader Notes: Crypto chart analyst Ali Martinez predicts XRP may face deeper downside, citing multiple technical red flags: Tom DeMark Sequential indicator recently flashed a sell signal on the 3-day chart, initiating the ongoing pullback. The next critical support level is $2.40. While $3 offered initial support, on-chain data highlights $2.80 as a soft buffer, with real demand starting below $2.48. Whale activity is also turning bearish. Over 720 million XRP have been dumped recently. The MVRV ratio just triggered a death cross, further supporting a bearish short-term outlook. Martinez's trade record stands at 26 trades in July, yielding a total profit of 108.6%. He entered XRP at $2.33 on July 7, exiting with 11.1% profit and re-entered on July 24 and 30, earning 4.4% and break-even, respectively. Statistics: CoinShares reports $31.3 million inflows into XRP last week — in contrast to outflows from Bitcoin — signaling continued institutional interest. Whale Alert reported a transfer of 20 million XRP (worth ~$60.6M) from Upbit to an unknown wallet on Aug. 5. Coinglass data shows XRP options volume having surged 94.8%, and open interest rising 82.8% in a single day. In the past 24 hours, $15.3M in XRP positions were liquidated, with long liquidations accounting for $13.3 million. Community News: Ripple is expanding its footprint in Asia through a partnership with Korean crypto custodian BDACS to offer institutional-grade custody for XRP and RLUSD in South Korea. Ripple Custody will provide secure infrastructure for managing digital assets. BDACS' integration with top Korean exchanges — Upbit, Coinone, and Korbit — enables regulatory-compliant XRP deployment across the region's leading trading platforms. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article XRP Down 5% In 1 Week: What Is Going On? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
22-07-2025
- Business
- Time of India
$1 billion Bitcoin vanishes from Coinbase, whale move triggers massive liquidations - where did it go?
Old whale returns after 14 years Live Events Bitcoin price drops, market gets nervous FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel A huge Bitcoin transfer worth almost $1 billion happened recently. This Bitcoin was sent from Coinbase to an unknown wallet. The transfer caused a big buzz in the crypto world because no one knows who owns the new think this might be either a big company buying Bitcoin or someone putting their coins into cold storage for long-term safety. Whale Alert , a tracker that watches large crypto movements, reported that 7,743 BTC, worth around $916.25 million, was that time, Bitcoin's price was $118,329.11 per coin. This is part of a larger trend of whales (people with huge Bitcoin amounts) becoming more active again. Data from IntoTheBlock showed that big Bitcoin transactions have gone up in the last 2 weeks. This shows that huge BTC holders are back and moving their coins got more exciting when a Bitcoin whale , who hadn't touched their BTC for 14 years, suddenly became active again. This whale moved $8.7 billion worth of Bitcoin across multiple unknown wallets. These transfers happened in just a few the same time, Bitcoin's price dropped below $117,000, making people think a price correction might be coming. That same old whale also sent 9,000 BTC (about $1.06 billion) to Galaxy Digital, a crypto investment firm. These massive moves have made the Bitcoin market very shaky and and investors now fear more selling might happen, causing even more price drops. Everyone is watching closely because this sudden whale activity is shaking up the market. The final effect on Bitcoin's price and the crypto world is still was sent to an unknown wallet, possibly for long-term storage or by a big whale moves made people fear more selling, which caused panic and liquidations.
Yahoo
21-07-2025
- Business
- Yahoo
$1 Billion Bitcoin Transfer Triggers Massive Liquidations — This Is Where It Was Offloaded
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A Bitcoin (CRYPTO: BTC) transfer of nearly $1 billion has caused a stir in the cryptocurrency market. What Happened: The transfer, which originated from Coinbase, was sent to an unidentified wallet, leading to speculation about potential institutional accumulation or a significant holder's long-term cold storage. According to the Whale Alert, 7,743 BTC, valued around $916.25 million, was moved from Coinbase to a new wallet. The transaction occurred when Bitcoin was trading at $118,329.11. This event is part of a larger trend of increased whale activity in the Bitcoin market. As per data from IntoTheBlock confirms a significant increase in large transactions over the past two weeks, suggesting a resurgence of significant holders in the ecosystem. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Adding to the intrigue, a Bitcoin whale dormant for 14 years has reemerged, moving billions of dollars' worth of BTC in a matter of hours. Lookonchain tracked these transactions, totaling $8.7 billion, distributed across unknown wallets in a series of high-value transfers. This surge in whale activity has coincided with concerns of a potential Bitcoin price correction, with prices dipping below $117,000 earlier in the week. Moreover, the same long-dormant whale recently transferred 9,000 BTC ($1.06 billion) to Galaxy Digital. This move, along with another large transfer, has led to increased market volatility and speculation of more sell It Matters: The recent spike in whale activity, coupled with the significant Bitcoin transfer, has led to increased speculation and volatility in the cryptocurrency market. The resurgence of a long-dormant Bitcoin whale and the transfer of billions of dollars' worth of BTC in a short span has added to the uncertainty. The impact of these activities on the Bitcoin price and the overall market dynamics remains to be seen. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Shutterstock/Shutterstock AI This article $1 Billion Bitcoin Transfer Triggers Massive Liquidations — This Is Where It Was Offloaded originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
07-07-2025
- Business
- Newsweek
Bitcoin Wallets Dormant for 14 Years Suddenly Active—and They're Worth Billions
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A staggering $2 billion worth of Bitcoin has been reactivated after more than a decade of inactivity. The digital vaults, each holding 10,000 bitcoin, were reactivated on Thursday, July 3 and Friday, July 4, after lying untouched since 2011. The wallets, tagged as " and " moved their full balances to new addresses within 30 minutes of each other. The transfers—spotted by blockchain tracking services Whale Alert and Lookonchain—mark the first time the assets have been touched in 14 years. Read more Man in legal battle to recover $800 million bitcoin fortune from landfill Man in legal battle to recover $800 million bitcoin fortune from landfill Back in 2011, when Bitcoin traded at roughly $0.78 per coin, these wallets represented a modest investment of around $7,800 each. Today, thanks to a nearly 13,982,800 percent increase, the contents of each wallet are estimated at more than $1.1 billion—placing their owners squarely in the rarefied ranks of crypto's "whale" class. "In the early days of Bitcoin, there were quite a few early enthusiasts who mined BTC or bought it for a fraction of a dollar, but most of them either sold it much earlier—for millions instead of billions—or spent it on something trivial at the time, like the two pizzas famously bought for 10,000 bitcoins in 2010," Nic Puckrin, crypto analyst, investor and founder of The Coin Bureau, told Newsweek. A file photo of golden Bitcoins, representing the digital currency. A file photo of golden Bitcoins, representing the digital currency. Tevarak/Getty Images "Holding on to such a staggering amount requires either a great deal of foresight, when the asset is already soaring by many thousands, or a great deal of forgetfulness," he explained. Despite the digital trail, little is known about the wallets' owners. The sudden activity—on consecutive days, and involving identical sums—has led analysts to believe the wallets may be linked. With the wallets now valued at over $2 billion, the bitcoin represents a 140,000-fold return on the original investments. But cashing in isn't as easy as it may seem. "There's no such thing as payouts or dividends when it comes to Bitcoin—like gold, it's simply an asset that can be sold in exchange for its market value in a fiat currency," Puckrin explained. "As long as the person still has access to the private key to the wallet where the Bitcoin is held, which it seems they do if they moved it to a new address, they can sell this Bitcoin. However, given the amount, they would have to sell it very carefully, because disposing of this amount of Bitcoin all at once could crash the price." Nobody knows the identity of the Bitcoin owner or owners, but Puckrin explained it is unlikely that they will come forward. "It's highly unlikely this person will go public, especially considering the physical danger several prominent crypto figures have found themselves in lately from so-called 'wrench attacks,' such as David Balland, co-founder of cryptocurrency wallet firm Ledger, who was kidnapped with his wife in January," he said. "Apart from that, early adopters of Bitcoin tend to value privacy and anonymity, so there's no reason why they would want to reveal their identities to the world."
Yahoo
05-07-2025
- Business
- Yahoo
Bitcoin Whales Wake Up From 14-Year Slumber to Move Over $2B of BTC
When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin (BTC) holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it's a prelude to a sale and downside price volatility. Early Friday, two wallets, labelled " and " moved 20,000 BTC, worth over $2 billion, to new addresses. These flows were first noted by blockchain sleuth Whale Alert, and later by Lookonchain. The addresses received these coins on April 3, 2011, when bitcoin was priced at around 78 cents. Today, BTC is over $109,000, implying a staggering 140,000-fold return for the two whale addresses, which means that they have a strong incentive to liquidate their holdings. Many long-term holders have been selling their coins ever since BTC crossed above $100,000 in May. That said, the latest transfers were made to non-exchange addresses, which have gone silent since receiving these coins. So, it's too early to conclude that the transfer operation is aimed at taking profits.
