Latest news with #Santiment
Yahoo
4 days ago
- Business
- Yahoo
XRP price flashes danger sign as whales cash out $6bn in three week
Whale sell-offs risk sending XRP's price into free-fall just three weeks after reaching a new peak for the first time in seven years. That's because XRP whales have been booking profits since the cryptocurrency peaked at $3.65. They've sold $6 billion worth of XRP since mid-July, Santiment data shows. Market data from CryptoQuant also backs it up with massive outflows from large wallets, a clear sign of coordinated offloading by whales. 'Unless we see sustained positive whale flows [greater than $15 million per day], the market may remain structurally weak,' CryptoQuant analysts said. 'At present, there is no sign of consistent accumulation from large holders, a key component of a constructive trend reversal.' If the pattern holds, a massive price correction could be imminent for XRP. Even Ripple co-founder Chris Larsen seem to have offloaded $26 million worth of XRP last month. Ripple created XRP to facilitate cross-border transactions. The last time whales booked profits en masse, XRP fell 40% after climbing as high as $3.36 in January. On Thursday, XRP traded slightly above $3, 4% uptick in the last 24 hours but the price is still down 18% from its all-time high in July. XRP's structural weakness appears to be a common theme for altcoins. Bitfinex analysts previously told DL News that the altcoin market doesn't yet have the 'sustained capital and structural demand' needed to trigger massive price gains and that until the situation changes, altcoin rallies will remain 'short-lived and vulnerable to broader market pullbacks.' Despite the ominous signs, traders are piling into optimistic bets on XRP perpetual contracts. Perpetuals are futures contracts without expiries. Data from Coinglass shows almost twice as many traders are long on XRP shorts compared to those who bet on a price fall for the cryptocurrency. That's a much larger ratio of bullish to bearish bets compared to the data from Bitcoin and Ethereum, where the split is much narrower. On the options side, traders seem to have converged on $3.2 as an important price level for XRP, with more than $8.4 million in trading volume at that price mark for short-term contracts expiring at the end of August. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Sign in to access your portfolio
Yahoo
31-07-2025
- Business
- Yahoo
Happy 10th Birthday Ethereum! Why Its Strongest July Ever Could Be Just The Beginning
The Ethereum (CRYPTO: ETH) network has celebrated its tenth birthday, with on-chain analytics platform Santiment highlighting that key metrics reflect rising demand and activity. What Happened: In a post on July 30 on X, Santiment data shoeds Ethereum's daily active addresses hitting their second-highest level of 2025 on July 27, with 680,670 wallets conducting transactions. Mean Value to Realized Value (MVRV) data show traders sitting on notable unrealized gains: +38% for annual active wallets, +15% for monthly. Whale activity surged, with 14,628 transactions over $100,000 — the fourth-highest spike this year. Wallets holding between 10,000–100,000 ETH accumulated 1.55 million ETH in three weeks, signaling aggressive buying behavior. Development remains active, too — Ethereum ranks 10th in daily GitHub events, with 157 major updates over the past month. Narratives around Ethereum have spanned everything from ETF momentum and price predictions to debates about tariff impacts and institutional adoption. Also Read: What's Next: Trader Lucky noted that Ethereum closed July with a 54.83% monthly gain, its best July since inception. This surge came alongside 19 consecutive days of ETF inflows, pointing to increasing institutional conviction. With that backdrop, Lucky predicts a potentially explosive Q3 rally. Michael van de Poppe sees a short-term top near $4,000, as volatility dries up. He anticipates a brief correction to follow, but expects broader altcoin markets to enter a strong 12–24 month bull data observes a surprising twist: despite ETH approaching its March 2024 highs, unrealized profits remain modest. In March, ETH hit +2σ (standard deviations) on the Relative Unrealized Profit metric at $3,980. Today, it's barely at +1σ, suggesting less euphoria and room to run. If Ethereum returns to +2σ conditions now, it could imply a price closer to $4,900, hinting that the current rally may still be in its early to mid-stages. 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 Happy 10th Birthday Ethereum! Why Its Strongest July Ever Could Be Just The Beginning 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
Arabian Post
30-07-2025
- Business
- Arabian Post
Ethereum Whales Increase Holdings by 200,000 ETH in 48 Hours
Major Ethereum holders, often referred to as 'whales,' have amassed more than 200,000 ETH in the past 48 hours, pushing their total accumulation to nearly 2 million ETH since the start of July, according to on-chain data firm Santiment. This sharp uptick in activity has caught the attention of market analysts, suggesting that large investors are showing increasing confidence in Ethereum's long-term price trajectory. The surge in whale accumulation comes as Ethereum has experienced notable price fluctuations. Following a period of volatility, Ethereum's price appears to be stabilising, with these strategic accumulations indicating that whales foresee potential price growth. Data from Santiment reveals that these large holders, who hold a significant portion of the total ETH supply, have been acquiring tokens at a rapid pace. Their actions are seen as a signal of confidence in Ethereum's future, particularly as the network continues to develop and mature. Ethereum's ongoing network upgrades, such as the transition to Ethereum 2.0, are likely a contributing factor to this growing bullish sentiment. The shift towards a Proof-of-Stake consensus mechanism has been a long-awaited move, expected to improve scalability, reduce energy consumption, and enhance security. The successful deployment of key upgrades has sparked renewed optimism in the community, particularly among institutional investors who are looking to gain exposure to Ethereum while aligning with broader trends in sustainability. ADVERTISEMENT The shift in sentiment is also reflected in Ethereum's growing adoption across various sectors. From decentralized finance to non-fungible tokens, Ethereum's ecosystem continues to expand, driving demand for ETH. As the Ethereum network becomes increasingly entrenched in the broader financial landscape, it is likely that whales view this as a strong indicator of the asset's potential for long-term appreciation. The broader cryptocurrency market has been seeing a general trend of institutional involvement, with large-scale investors increasingly allocating capital towards digital assets. Ethereum, as the second-largest cryptocurrency by market capitalisation, stands as a prime target for these investors. The accumulation by whales, many of whom are institutional investors or wealthy individuals, underscores Ethereum's growing position within the digital asset class. Despite the positive sentiment surrounding Ethereum, the market remains volatile, with regulatory concerns and global economic factors continuing to influence price movements. However, the heavy accumulation by whales suggests that these investors are more focused on the long-term value proposition of Ethereum rather than short-term price swings. Many believe that as Ethereum's use cases expand, its value will grow, potentially leading to greater market stability and increasing institutional adoption. The increasing concentration of ETH in the hands of a few large holders has also raised questions about decentralisation and the potential risks of market manipulation. Critics argue that such accumulation could lead to a situation where a small group of investors has disproportionate control over Ethereum's price. However, proponents of Ethereum argue that the network's decentralisation mechanisms and the broader community's engagement provide a counterbalance to this concentration of power. The Ethereum Foundation and other key stakeholders have been working diligently to foster an environment that encourages decentralised participation. Community governance, a hallmark of Ethereum's design, continues to evolve, with decisions about protocol upgrades being made through a collaborative process. As a result, the growing dominance of whales, while notable, is not seen as a fundamental threat to Ethereum's decentralised nature. With major upgrades and developments on the horizon, including the anticipated roll-out of sharding to further scale the network, Ethereum's prospects remain positive. These technological advancements are expected to bolster Ethereum's position as a leader in the blockchain space, potentially increasing demand for ETH from both institutional and retail investors.
Yahoo
26-07-2025
- Business
- Yahoo
Bitcoin Hits 43% Social Media Dominance -- Santiment Says It May Signal a Buying Opportunity
Bitcoin (BTC-USD) is once again dominating the conversation and this time, that may be more of a warning than a cheer. According to analytics firm Santiment, more than 43% of all crypto-related social media talk this week centered around Bitcoin as it reached an all-time high of $123,100. Warning! GuruFocus has detected 9 Warning Signs with MSTR. That kind of surge in attention, Santiment analyst Brian Quinlivan says, usually reflects rising retail FOMO and historically, that's when Bitcoin has tended to cool off. We've seen this before, Quinlivan wrote. Big spikes in social dominance often coincide with local tops. Wait for the euphoria to settle, and that's usually your next key entry point. Indeed, Bitcoin has already pulled back slightly, now trading around $117,000. The same pattern played out earlier this summer on June 11 and July 7, when spikes in social chatter preceded dips. Still, not everyone's convinced a pullback is imminent. CryptoQuant's Axel Adler Jr said Wednesday that the market hasn't flashed its usual peak signals. And Galaxy Digital's Michael Harvey thinks Bitcoin could simply be taking a breather before another leg higher. This article first appeared on GuruFocus.
Yahoo
21-07-2025
- Business
- Yahoo
Bitcoin Hits 43% Social Media Dominance -- Santiment Says It May Signal a Buying Opportunity
Bitcoin (BTC-USD) is once again dominating the conversation and this time, that may be more of a warning than a cheer. According to analytics firm Santiment, more than 43% of all crypto-related social media talk this week centered around Bitcoin as it reached an all-time high of $123,100. Warning! GuruFocus has detected 9 Warning Signs with MSTR. That kind of surge in attention, Santiment analyst Brian Quinlivan says, usually reflects rising retail FOMO and historically, that's when Bitcoin has tended to cool off. We've seen this before, Quinlivan wrote. Big spikes in social dominance often coincide with local tops. Wait for the euphoria to settle, and that's usually your next key entry point. Indeed, Bitcoin has already pulled back slightly, now trading around $117,000. The same pattern played out earlier this summer on June 11 and July 7, when spikes in social chatter preceded dips. Still, not everyone's convinced a pullback is imminent. CryptoQuant's Axel Adler Jr said Wednesday that the market hasn't flashed its usual peak signals. And Galaxy Digital's Michael Harvey thinks Bitcoin could simply be taking a breather before another leg higher. This article first appeared on GuruFocus.
