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  • Whales accumulate more Bitcoin after latest pullback

    Whales accumulate more Bitcoin after latest pullback

    • Whales scoop Bitcoin as pullback dents bulls’ momentum
    • Bitcoin price touched lows of $65,911 as US government transferred its Silk Road BTC

    Bitcoin pulled back from its intraday highs around $70k on Monday to wipe gains seen after former US President Donald Trump highlighted the recently concluded Bitcoin 2024 conference.

    But the upside move built around Trump’s speech faded abruptly after the US government moved $2 billion in BTC from the Silk Road. The news spooked investors, crashing the crypto market.

    The price of Bitcoin fell more than 4% to lows of $65, 911 across major crypto exchanges, pushing into the negative territory on the weekly chart and cutting 30-day gains to just 8.8% at the time of writing.

    Gemini co-founder Tyler Winklevoss, commenting on the BTC transfer, noted that it came only two days after Trump “pledged to never sell any of the US government’s bitcoin.” It’s a view that many across the crypto community hold, with the move seen as a continuation of the anti-crypto stance from the Biden-Harris Administration.

    Whales accumulating Bitcoin

    While BTC hovers below the $67k level, large investors are using the low prices as an opportunity to add to their portfolios. These whales have aggressively scooped Bitcoin since Monday’s dip, market intelligence account Lookonchain shared on X.

    One such whale, “12QVsf”, reportedly withdrew 4,500 BTC worth over $302 million from Binance. The whale has also been linked to three other wallets that moved 1,400 BTC worth $94 million from crypto exchange Bitfinex on Tuesday morning.

    The wallets also withdrew a total of 2,510 BTCworth over $163 million from Bitfinex on June 20.

    On-chain insights platform Spot On Chain also highlighted this whale accumulation.

    Bitcoin reached a peak of $73k in March and analysts are bullish the market will see a new bull run that could take BTC to above $100k in coming months.

    The price of Bitcoin hovered around $66,527 at the time of writing.

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  • Whales Accumulate $50 Million in $LINK as Price Climbs Higher; $GFOX Presale 98% Sold Out

    Whales Accumulate $50 Million in $LINK as Price Climbs Higher; $GFOX Presale 98% Sold Out

    $LINK’s bullish trend continues, and large-scale investors are responding accordingly. News/events related to the cryptocurrency suggest the sentiment is bullish, and market participants are optimistic about its outlook. $LINK is up by about 40% in the last 30 days, making it another profitable crypto coin like the fast-growing $GFOX. 

    Galaxy Fox ($GFOX) is nearing its retail launch, and market participants expect a major price boost at this stage. This makes now a profitable time to purchase the presale token. However, investors eyeing this profit must act fast, as $GFOX is 98% sold out. 

    Missed the Early $GFOX Train? You Can Still Get In 

    All hope isn’t lost if you miss the first six $GFOX presale stages. The other stages are still profitable entry points, but early participants gain the most. Regardless, Galaxy Fox presale is an excellent opportunity to buy the next token to blow up for cheap, for a potentially high ROI. 

    The presale is rounding up the seventh stage, with over 98% sold out. While there are three other stages left, missing this stage means you’ll buy at a higher price in the next stage. 

    Meme ICOs have been a safer commitment option over the years, provided you find the right project. Galaxy Fox has all the features of the right projects, as it boasts high profitability and safety. The crypto project passed necessary security tests, and unlike most meme projects, it has tangible utility. 

    Galaxy Fox has a stake in the GameFi sector with its P2E runner game. This implies that the GameFi sector’s growth can drive positive price action for $GFOX. This is in addition to its meme utility. The Galaxy Fox ecosystem provides passive earning opportunities for members via P2E gaming, token staking, and holding digital item collections. 

    $GFOX functionality in every top sector, particularly the web3 space, makes it susceptible to high adoption. It will increase its prominence and position it as a leading crypto coin. This is why getting a stake in its presale is essential to avoid missing out on potential huge returns. $GFOX is billed to blow up when it gets on top exchanges. Be sure to get in before then. The more the delay, the lesser the potential return. 

    Buy Galaxy Fox Presale

    Whales Stack $LINK Following Impressive 30-Day Return 

    LookonChain analysis reveals that crypto whales have stacked up about $50 million worth of Chainlink ($LINK) in the past few days. The source revealed that a large-scale investor or institution withdrew about $49.9M worth of $LINK from Binance, using 49 new wallets. This came after $LINK set a 22-month high of $19.68. While the wallet’s owner remains unverified, LookChain reveals the wallets hold around $230,000 – $3.5 million worth of LINK each. 

    Pundits believe the increasing tokenization of real-world assets is one of the major driving forces behind LINK’s bullish rally. Major platform upgrades and integration of new features like Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol also played little role in $LINK’s price improvement. The altcoin is looking good by all accounts. It recently crossed the $11 billion market capitalization value. 

    While it could not maintain the valuation, it’s still much nearer, at $10.9+ billion. This reflects $LINK’s price improvement in the last month. 

    Per Coingecko data, $LINK is up by 0.48% to $18.53, after a decline to $18.43 from $19.24 in 24 hours. The outlook looks great for the cryptocurrency, and it’s expected to set a new all-time high before the year ends. 

    As the bullish momentum continues, analysts expect the altcoin to push towards $30 in the coming weeks. $LINK could finish the year with a peak price of $70, making it one of the top crypto coins to watch out for. 

    Conclusion 

    Crypto whales are piling into $LINK’s bullish trend, and smart investors are taking advantage of the opportunity in the pre-bull market run-up. The cryptocurrency is performing extremely well, with about  40% increase in the last month. 

    $LINK hopes to break into the $20+ price zone soon, and a more impressive surge could follow. Galaxy Fox is another altcoin showing exceptional strength. The meme coin has sold 98% of its presale, as enthusiasts anticipate its predicted profit-yielding retail phase rally. Potential investors could make up to 100x profits if they join the presale now. 

    Learn more about $GFOX here:

    Visit Galaxy Fox Presale | Join the Community

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  • Tellor price surges as whales accumulate TRB

    Tellor price surges as whales accumulate TRB

    • Tellor (TRB) price rose to highs of $119 on Monday as bulls looked to close in the green for the first time in four days.
    • TRB price could see a bullishish continuation as whales buy more tokens.
    • Tellor price is just 26% from its all-time-high of $164 reached in May 2021.

    Tellor (TRB) price pumped early Monday as the market looked to continue the positive momentum that has catalysed recent gains for many altcoins.

    According to market data from CoinGecko, TRB price was $117 at the time of writing, up 15% in the past 24 hours. The price surge comes as a bullish break from lows of $96 saw TRB soar past $110.

    What is Tellor?

    Tellor is a decentralised oracle network with smart contracts on Ethereum.  The protocol’s oracle feeds provide for a permissionless infrastructure for bringing valuable off-chain data to smart contracts. Data providers compete for incentives in TRB, while the platform overall benefits the decentralised finance (DeFi) ecosystem.

    Tellor recently deployed on the Manta Pacific mainnet, adding its launch on the network to other EVM- compatible chains including Ethereum and Arbitrum. The oracle feed is also integrated with the Filecoin Virtual Machine.

    Why is the Tellor (TRB) price rising today?

    As can be seen in the chart below, TRB came close to hitting the $120 price level. This is the same price level that marked the point of last week’s rejection and the start of a four-day decline for the altcoin. Bulls are looking to decisively break the four-day red candle streak.

    Tellor price chart. Source: TradingView

    On-chain data sleuth Lookonchain has highlighted that TRB’s price gains today come amid new accumulation by whales. After buoying the uptick from lows of $41 earlier this month, whales are at it again. More than 27,400 TRB worth over $3.18 million have been moved from crypto exchange Binance in the last few hours, Lookonchain posted on X.

    “Whales accumulate $TRB again! 2 whales have withdrawn 27,405 $TRB ($3.18M) from #Binance in the past 5 hours. And the price of $TRB increased 15% today,” the account noted as Tellor pumped.

    The trend was also observable last week as TRB price skyrocketed 28% and 31% on October 23 and October 25. 

    With whales showing continued confidence in the token, its likely TRB/USD could surge past its immediate resistance zone. The next supply wall may be at the all-time-high zone above $160. 

    TRB price reached its ATH of $164 in May 2021, which means bulls are roughly 26% off the peak at current levels.

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  • Two levels to accumulate SHIB for maximum returns

    Two levels to accumulate SHIB for maximum returns

    • Shiba Inu price has been stuck below a declining trend line since August 25 and is having trouble forming a base.
    • A sweep of the equal lows at $0.0000092 or a retest of the FVG at $0.0000083 will be two significant places to accumulate SHIB.
    • A daily candlestick close below $0.0000077 will break the bullish market structure and invalidate the optimistic outlook. 

    Shiba Inu price remains bearish with no clear signs of a bullish attempt to recover. Moreover, the inefficiencies hint at a further move down south, bringing more pain to SHIB holders. 

    Shiba Inu price needs another haircut

    Shiba Inu price set up the second swing high at $0.0000179 on August 14, creating an equal high. Since then, SHIB has produced lower highs and lower lows, indicating the persistence of a clear bearish trend.

    The dog-themed cryptocurrency is currently hovering above the $0.0000092 support level and the equal lows at $0.0000090. A slight spike in selling pressure coupled with a bearish Bitcoin outlook could send Shiba Inu price spiraling lower.

    A sweep of the sell-stop liquidity below $0.0000090 is a good place to accumulate SHIB tokens at a discount. However, investors should note that a further descent to fill the inefficiency at $0.0000083 is also possible.

    Hence, these two areas are points of interest for investors looking to play the meme coin rally. Market participants should note that the liquidity resting above the equal highs at $0.0000179 is a good reason for Shiba Inu price to rally towards.

    This move will allow market markers to collect the buy-stop liquidity resting above this. Hence, this trade is a long-term swing position and is unlikely to manifest in a few days.

    SHIB/USDT 4-hour chart

    SHIB/USDT 4-hour chart

    On the other hand, if Shiba Inu price fails to bounce at $0.0000090 and $0.0000083, it will retest the $0.0000077 support floor.

    If buyers fail to step up here and allow sellers to produce a daily candlestick close below it, the bullish thesis will face invalidation. In such a case, SHIB could continue its descent and retest the $0.0000060 level. 

     

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