Latest news with #IntoTheBlock
Business Mayor
7 days ago
- Business
- Business Mayor
Uniswap: $13mln exits Binance as UNI coils – What do whales know?
Whale accumulation and an 8.1% drop in exchange reserves reinforced UNI's bullish intent. Network growth resumed as new wallets and Active Addresses rose, while retail ownership declined. A Uniswap [UNI] whale has withdrawn 2.16 million tokens worth $12.98 million from Binance in just five days, with the most recent $7.37 million withdrawal made under 24 hours ago from press time. This accumulation coincides with an 8.1% drop in exchange reserves, suggesting that UNI is being moved into cold wallets rather than set up for sale. Typically, this behavior reflects growing confidence and a long-term holding strategy by large investors. When paired with reduced Exchange Supply, such activity often precedes a strong upward price shift. Can UNI break out from its symmetrical triangle pattern? UNI has been consolidating within a symmetrical triangle on the 4-hour chart, characterized by lower highs and higher lows converging toward an apex. This structure often signals a continuation move, and the MACD is flattening near a crossover point, hinting at a potential bullish reversal. Price action remains compressed within well-defined support and resistance levels, indicating that a breakout is imminent. Given the context of whale accumulation and a growing squeeze on short positions, UNI appears to be coiling for a directional move. Source: TradingView Bullish signs emerge Over the past 30 days, Whale Concentration jumped 6.86%, while Retail and Investor Holdings dropped -2.76% and -7.96%, respectively. This shift in holder distribution indicates that large entities are increasing their control over UNI's circulating supply. Historically, when whales dominate holdings, price action tends to become more directional and deliberate. This reduces random volatility and amplifies breakout momentum when it occurs. Source: IntoTheBlock New wallet creation activity jumped 9.89% over the past seven days, with Active Addresses rising 2.74% in the same timeframe. These metrics suggest that user interest in UNI is rebounding, even as price action remains range-bound. While daily usage still trails previous cycle peaks, this growth signals renewed organic demand at the protocol level. More importantly, increased network activity often leads to higher transaction throughput and fee generation, reinforcing the altcoin's fundamental value. Are large holders still accumulating? Despite a recent 7-day decline of -15.78% in Netflows, the 30-day Netflow ratio for Large Holders has surged by 11.40%, confirming sustained accumulation. Although short-term fluctuations may suggest hesitation, the broader picture shows that whales continue to withdraw UNI from exchanges for self-custody. The Netflow-to-Exchange Ratio remains in positive territory, implying that most of the large transfers are heading off centralized platforms. Source: IntoTheBlock Whale buying is ramping up. Exchange reserves are shrinking. Network activity is rebounding. And price is compressing within a bullish formation. This confluence of strong on-chain and technical signals strengthens the breakout case. If current momentum holds, UNI may soon confirm a decisive rally driven by long-term holder conviction and renewed user interest.
Business Mayor
24-05-2025
- Business
- Business Mayor
AAVE whale's $15 mln buy points to recovery – Can it hold $270?
A whale re-entered the market, buying $15M in AAVE after selling 184.4 WBTC via Wintermute OTC. Exchange data revealed three consecutive days of negative Netflow, indicating strong buying pressure across the board. After rallying to a local high of $270, Aave [AAVE] faced strong rejection and retraced. The altcoin dropped to a low of $239. For some investors, however, the pullback opened a window of opportunity—bringing both retail and whales back into the fold. For starters, according to on-chain analyst Ember, a whale that offloaded 184.4 WBTC worth $20.4 million through Wintermute OTC the previous day has returned to the market. In the past 24 hours, the whale accumulated $15 million worth of AAVE via Wintermute, acquiring 57,715 tokens at an average price of $259.9. The whale has been holding AAVE for the past two years, with a total spend of $30.8 million to acquire these tokens. Currently, this whale sits in a floating profit of $26.32 million. Source: IntoTheBlock Besides this whale activity, AAVE whales are highly active in the market with a higher Large Holders Capital Inflows. A higher inflow from whales indicates increased accumulation. After dropping to 89k, whale capital inflow rose to 224.87k in the past day, suggesting that whales are increasingly buying the altcoin. Source: IntoTheBlock Furthermore, large holders' Netflow remained positive. Over the past day, Netflow from whales has surged from 1.4k to 26.86k. A positive netflow suggests that whales are buying more than they are selling, having offloaded 198k AAVE tokens over this period. Source: CryptoQuant Additionally, this buying spree is not only isolated among whales but across all market participants. Read More OKX Approved: A Win For Singapore's Crypto Ambitions? On the exchange level, AAVE has registered three straight days of negative Netflow, implying more withdrawals than deposits. When this trend persists for a sustained period, it reflects strong bullish sentiments among investors. Price reaction and outlook As expected, increased accumulation has positively impacted the altcoin's price movement. In fact, the token climbed to a daily high of $262 before settling around $260, marking a 1.73% 24-hour gain. With the altcoin showing signs of recovery from its recent decline, it suggested that increased accumulation can push prices higher. Therefore, if the market sentiment is witnessed over the past day, we could see the altcoin make more gains. With buyers holding the ground, AAVE will reclaim $270 where it has faced rejection and attempt $284 resistance. Subsequently, if buyers retake the market, the altcoin could drop to $231 support.
Business Mayor
23-05-2025
- Business
- Business Mayor
Ethereum climbs 65% – But is this rally more than just hype? Analyzing…
Ethereum's OI and whale inflows surged, signaling institutional conviction behind the recent rally. ETH liquidations and technicals point to a likely breakout above $2,714 as shorts get squeezed. Ethereum's [ETH] Futures market has shown remarkable strength over the past month. Open Interest (OI) on Binance jumped from $3.6B to $5.1B—up 41.6%—with the total ETH OI across all exchanges now near $17B. This uptick signals strong institutional and derivatives-driven conviction behind ETH's rally. Importantly, this move is not speculative; it aligns with an almost 65% price rise from $1,600 to $2,663.72. Therefore, Ethereum's recent surge appears more than a temporary spike—it reflects a structurally supported rally backed by robust participation in the derivatives market. Source: CryptoQuant Whale Inflows accelerate In just seven days, Ethereum's Large Holders Netflow rose 22.8%, extending a massive 30-day increase of 1057.08% and a 90-day jump of 392.80%. This surge suggests sustained accumulation from institutional entities and long-term holders. Moreover, the timing of these inflows corresponds with Ethereum's breakout above $2,600, confirming that deep-pocketed investors continue to bet on further upside. Source: IntoTheBlock While accumulation persists, ETH Exchange Reserves have increased by 3.93%, totaling $51.17B. Typically, rising reserves might indicate upcoming sell pressure as more ETH becomes available on exchanges. However, this rise could instead reflect rotational liquidity, where traders deposit ETH for derivatives exposure or to hedge positions. ETH faces major hurdle at $2,714 Ethereum was trading around $2,663, just shy of a strong resistance band between $2,714 and $2,741. The Stochastic RSI sat above 79, indicating overbought conditions, while Bollinger Bands signal reduced volatility. Read More DOT moves toward a bearish zone – Will it push forward? A decisive close above $2,741 would likely open the door to a breakout rally toward $3,000. However, failure to breach this zone could trigger a short-term retracement to $2,581. Therefore, ETH sits at a critical technical juncture that could dictate the near-term trajectory for both itself and the broader altcoin market. Source: TradingView Shorts get squeezed Derivatives data confirms increasing bear capitulation. On the 23rd of May, ETH liquidations showed short positions worth $17.88M being wiped out across exchanges. Binance and Bitfinex led the liquidations, while long positions only accounted for $12.56M. This continued squeeze has amplified ETH's rally, especially as Open Interest and Whale Netflows both support the move. Source: CoinGlass Can ETH break $2,714 and trigger the next altcoin wave? Ethereum appears well-positioned to break above the $2,714 resistance, backed by strong on-chain and derivatives metrics. The sharp rise in Whale Inflows, continued short liquidations, and a 41.6% surge in OI confirm solid bullish momentum. While reserves have risen slightly, this has not weakened the broader bullish setup.
Business Mayor
22-05-2025
- Business
- Business Mayor
Bitcoin hits new all-time high,100% of BTC holders in profit
Bitcoin hit a new all-time high above$109,000 on May 21, 2025. The milestone saw 100% of BTC holders fall into profit. Bitcoin also surpassed Amazon in terms of market cap Bitcoin price has just surged to a new all-time high above $109k. On May 21, 2025, the price of Bitcoin spiked more than 4%, storming past its previous ATH as optimism swept bears aside. Over $50 million worth of BTC shorts were liquidated in just an hour. 100% of Bitcoin holders are in profit This latest Bitcoin price surge sent every other holder of the coin into a profitable position. According to data from Sentora, formerly IntoTheBlock, 100% of Bitcoin addresses were in the money amid the massive milestone. With Bitcoin (BTC) price retesting the $109k level, holders underwater declined to zero. Also at 0% were addresses with the money, meaning wallets whose average buy price was at or near the previous ATH. Sentora had earlier shared via X on May 21, 2025, that BTC holders were 99% in profit as the price crossed the $107k level. A lot of those celebrating the new ATH are hodlers who have held BTC for more than a year. The percentage count according to Sentora data is 75%. More than 21% have held Bitcoin for 1-12 months. Notably, when Bitcoin price fell to under $80k in April, new holder wallets were among those to aggressively offload. Analyst says BTC could hit $600k in 2025 On May 21, as Bitcoin price surged towards its all-time high above $109k, Fred Krueger shared his staggering Bitcoin price prediction for 2025. Read More BNB Price Could Resume Upside Unless The Bulls Fail At $610 According to the BTC bull, the top crypto could see its price hit $600k by October 2025. While this may be an overly bullish take, his forecast is that a run to $150k by the summer will provide the impetus for a new parabolic leg up. Once we escape past 110K, there is no more friction. Its a smooth ride to 150k. 'Ground Control to Major Tom' — Fred Krueger (@dotkrueger) May 21, 2025 Saylor says it's time to buy BTC As Bitcoin rose to its new ATH, Michael Saylor, founder of Strategy, said Bitcoin is still a buy despite the rally. In a post on X, Saylor noted that not acquiring BTC at current price levels is 'leaving money on the table.' Earlier, in late April, the MicroStrategy founder noted that soon banks and global financial institutions will soon make Bitcoin 'unaffordable' to the regular investor. The remarks mirror numerous predictions that see BTC at $200k in 2025 and $1 million in the next few years. Bitcoin surpasses Amazon by market cap In the past 24 hours, the benchmark crypto has also notched another milestone – its market cap has surpassed that of Amazon. JUST IN: Bitcoin overtakes Amazon and Google to become the 5th biggest asset in the world. — Bitcoin Archive (@BTC_Archive) May 21, 2025 According to details on CompaniesMarketCap, Bitcoin's spike above $109k sees it overtake Amazon, the leading e-commerce company listed in the U.S. While Amazon currently sits at a $2.157 trillion market cap, Bitcoin has increased to over 2.166 trillion.
Business Mayor
18-05-2025
- Business
- Business Mayor
TRON: Whales dump 231M TRX – Is a $0.30 rally still on the cards?
TRX price climbed to $0.2739 even as whale transactions dropped from 1,060 to 346 in recent days. A recent golden cross between SMA50 and SMA100 supports a bullish case, with $0.30 as the next resistance. After rallying from $0.24 to $0.28, Tron [TRX] has retraced. In fact, the altcoin has declined to a low of $0.26. However, the pullback wasn't just price-driven—it coincided with a behavioral shift among whales. After a strong uptick in whale activity that sustained the rally throughout early May, CryptoQuant data shows a clear drop. Naturally, this has affected metrics across the board—Whale Transaction Count, Total Volume, and Total Volume have all dropped. Whale activity slows even as price holds firm Source: CryptoQuant In fact, whale transactions fell from a peak of 1,060 to just 346 at press time. On top of that, the Average Whale Transaction Size slid from 2.4 billion TRX to 561 million, hinting at either reduced conviction or active profit-taking. This shift isn't subtle. According to IntoTheBlock, whales sold 231 million TRX in the past day, while only 194 million were accumulated. That left a negative Whale Netflow of -36.8 million TRX, marking a clear tilt toward bearish behavior. Source: IntoTheBlock Although whale activity has cooled down with some starting to take profit, TRX price has continued to climb, reaching $0.2739, at the time of writing. This is a sign that retail or smaller investors might be absorbing the supply. While whales step back, it opens the door for new market participants to lead the next move. All eyes on the golden cross Tron is experiencing a decline in whale activity despite rising prices. This divergence often indicates a transitional phase in market structure. Read More XRP holds firm at $0.5: Can bulls force a move to $1 soon? While whales are stepping back, market participants remain optimistic. CryptoQuant's analyst Burak Kesmeci is one of those who see potential with TRX. Inasmuch, he's still eyeing a sustained uptrend, citing SMA50 and SMA100. Source: CryptoQuant According to Kesmeci, TRX price movements through 2025 across three major moving averages indicate a positive trend reversal signal. As of the 5th of May, SMA50 crossed SMA100 upwards, signaling a 'golden cross'. Following this intersection, TRX rose by approximately 11%, reaching $0.28. Thus, TRX is still holding above $0.27. This implies that prices are above SMA50, signaling more balanced market involvement across all players. Therefore, if the TRX price continues to stay above SMA50, the upward momentum is expected to strengthen. What's next for TRX? If Tron maintains its upward momentum, it could break past the $0.28 resistance level and advance toward $0.30. Meanwhile, the close alignment of the SMA100 and SMA200 suggests that $0.23 serves as a strong support level. As long as TRX stays above this threshold, the bullish outlook remains intact.
