Institutions Are Coming for Your Bitcoins (BTC) As USDC Whales Make Massive Deposits on Coinbase On Saturday, December 19, Bitcoin (BTC) surged past $24, levels but has been moving sideways since then and is currently flirting around $23, However, the party doesn’t seem to . Dec 31, · These highs came about in tandem with Bitcoin’s surge up to $29,, but the rejection here was grave and caused the entire market to drift lower. Where ETH trends in the mid-term will undoubtedly depend largely on whether or not BTC and the rest of the market can rebound and slow its descent. Data Reveals that Whales are Rapidly Accumulating ETH. The Chainalysis data also show that the bitcoin marketplace is skewed in terms of wealth distribution. A small cluster of investors — known colloquially as “whales” — capture a hefty proportion of.
Ft bitcoin whalesInstitutions Are Coming for Your Bitcoins (BTC) As USDC Whales Make Massive Deposits on Coinbase -
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Full Terms and Conditions apply to all Subscriptions. Learn more and compare subscriptions. Or, if you are already a subscriber Sign in. Other options. Close drawer menu Financial Times International Edition. Search the FT Search. We see a slowdown in USDT borrow which will lead to lower prices so pause to give yourself better entry point.
Save my name, email, and website in this browser for the next time I comment. Sign in Join. Sign in. Log into your account. Sign up. Password recovery. Forgot your password? Still, most on-chain data points show that fewer whales are selling across major exchanges. Fewer whales are depositing to exchanges. Second, there is no solid reason to anticipate a major correction coming apart from the CME gap and the high futures market funding rate.
But, if Bitcoin consolidates after each rally, as seen in the past two days, then the funding rate would likely normalize. When that happens, the derivatives market would be less overheated, raising the probability of a new rally.
Both long and short contract holders are being aggressive, which makes both long and short squeeze possible. He said :. I should probably sit on my hands.