Big players are positioning themselves strategically, potentially signaling what’s next for crypto. Bitcoin has been struggling near $82,000 after fresh daily decline of over 4%. Santiment revealed that Bitcoin’s whale and shark wallets have undergone several pivotal shifts over the past six months which indicates a major influence over the market’s direction. According to Santiment, …
Tag: Santiment
Dec 12 2024
Bitcoin Miners Are Selling Fast But Here’s Why You Shouldn’t Worry, Yet
Bitcoin’s price experienced one of its most significant surges in the past several years since November 6, gaining over $30,000 and exploding beyond $100,000 for the first time ever. As such, some market participants decided to cash in on profits. The popular analytics platform Santiment revealed that miners, the backbone of the Bitcoin network, had …
Jun 08 2024
Cardano, Shiba Inu, Jasmy Catch Whale Fever as Large Transactions Spike
Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are experiencing notable price surges, each seemingly driven by increased whale activity. This week, transactions exceeding $100k on these networks have more than doubled compared to their average figures for 2024. According to Santiment’s latest, the surge in large transactions indicates heightened interest from large-scale investors, contributing …
Mar 11 2024
Speculative Trades Flushed Out as Bitcoin, Ethereum, Solana’s Open Interest Drops
Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain …
May 26 2023
Dip Buying Sentiment Slides as Bitcoin Drops to Long-Term Support
On-chain analytics provider Santiment observed that Bitcoin traders often buy short-term, small crypto price dips but have been scared to buy the longer-term bigger ones. It added that mentions of buying the dip are dormant at the moment, suggesting very weak market sentiment. “Historically, this kind of #FUD has been good to capitalize on,” it …