🐋 Whales are selling off their Ethereum reserves!
👀 Over the past 7 days, one of the major Ethereum whales from the ICO era transferred 21,490 ETH ($55.2M) to the Kraken exchange. This whale received 150,000 ETH in 2015 when it was worth just $46,600 and has been selling off their holdings since 2019, with 40,000 ETH sold to date. Currently, they hold 110,000 ETH (worth $271M) across 8 wallets.
💰 Another investor, who bought 21,636 ETH in 2016 at $6.9, sold their last coins yesterday, securing a total profit of $58M.
What's next for Ethereum's price? 🧐
👀 Over the past 7 days, one of the major Ethereum whales from the ICO era transferred 21,490 ETH ($55.2M) to the Kraken exchange. This whale received 150,000 ETH in 2015 when it was worth just $46,600 and has been selling off their holdings since 2019, with 40,000 ETH sold to date. Currently, they hold 110,000 ETH (worth $271M) across 8 wallets.
💰 Another investor, who bought 21,636 ETH in 2016 at $6.9, sold their last coins yesterday, securing a total profit of $58M.
What's next for Ethereum's price? 🧐
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Crypto Market Drops 6%, $556M Liquidated in 24 Hours 📉
The crypto market plunged 6% as geopolitical tensions in the Middle East caused widespread fear, leading to liquidations worth $556M.
Key Points:
▪️105,849 traders liquidated in the last 24 hours.
▪️Bitcoin, Ethereum, and Solana saw significant liquidations ($143M, $119M, $20M).
▪️Largest single liquidation: Binance's ETHUSDT pair at $12.24M.
📊 Despite the dip, experts maintain a bullish sentiment for Q4 2024, with some analysts predicting a crypto rally.
The crypto market plunged 6% as geopolitical tensions in the Middle East caused widespread fear, leading to liquidations worth $556M.
Key Points:
▪️105,849 traders liquidated in the last 24 hours.
▪️Bitcoin, Ethereum, and Solana saw significant liquidations ($143M, $119M, $20M).
▪️Largest single liquidation: Binance's ETHUSDT pair at $12.24M.
📊 Despite the dip, experts maintain a bullish sentiment for Q4 2024, with some analysts predicting a crypto rally.
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We keep discussing whale tactics for profit.
Part 2
Sell wall
Sell wall is a tactic that requires more funds and knowledge of market conditions.
Such tactic is used for coins with chances to grow a large amount in the future (about several months).
To maximize profits, they need to buy at the very bottom to keep the price from rising.
In what way?
By placing a large number of sell orders,
This pulls the price down, as the whales' main goal is to scare the weak traders.
Such walls are usually set up before important news that pulls the price up, and after that the whales can use pump and dump.
Part 2
Sell wall
Sell wall is a tactic that requires more funds and knowledge of market conditions.
Such tactic is used for coins with chances to grow a large amount in the future (about several months).
To maximize profits, they need to buy at the very bottom to keep the price from rising.
In what way?
By placing a large number of sell orders,
This pulls the price down, as the whales' main goal is to scare the weak traders.
Such walls are usually set up before important news that pulls the price up, and after that the whales can use pump and dump.
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🔎 In the last 72 hours, more than 37,000 BTC worth $2.53 billion has been withdrawn from crypto exchanges! 💸
Looks like we’re seeing a replay of mid-May, when Bitcoin’s price shot up from $62K to $72K. Could it be a sign of another "To the Moon" mission? 🚀 Or just whales taking a stroll with their bags? 🐳
Looks like we’re seeing a replay of mid-May, when Bitcoin’s price shot up from $62K to $72K. Could it be a sign of another "To the Moon" mission? 🚀 Or just whales taking a stroll with their bags? 🐳
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📊 Bitwise analysts calculated that 56.8% of the BTC emission is concentrated “in personal wallets”
✔️17.6% are inactive,
✔️5.2% are at the disposal of funds, ✔️4.8% are at the addresses of Satoshi Nakamoto,
✔️3.3% belong to businesses,
✔️2.4% to governments.
💡The remaining 6.2% has not yet been mined.
✔️17.6% are inactive,
✔️5.2% are at the disposal of funds, ✔️4.8% are at the addresses of Satoshi Nakamoto,
✔️3.3% belong to businesses,
✔️2.4% to governments.
💡The remaining 6.2% has not yet been mined.
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Ripple Labs co-founder donates $1 million in support of Kamala Harris
Ripple Labs co-founder Chris Larsen has donated $1 million to Future Forward, an organization that accepts cryptocurrency donations for Vice President Kamala Harris' campaign.
It was recently reported that Larsen transferred 1.75 million XRP ($1 million at the time) to the organization's account on August 14, 2024.
Ripple Labs co-founder Chris Larsen has donated $1 million to Future Forward, an organization that accepts cryptocurrency donations for Vice President Kamala Harris' campaign.
It was recently reported that Larsen transferred 1.75 million XRP ($1 million at the time) to the organization's account on August 14, 2024.
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📈 Simple Strategy, Big Profits: $2.8M in 38 Days! 💰
Meet myparagon.eth, the trader who took advantage of the "buy low, sell high" strategy. He grabbed 9050 ETH at $2293 in early September, then cashed out at $2598 between September 30 and October 15 for a cool $2.8M profit. 🚀
No futures, no leverage—just classic trading 101. 🧑🏫
But here’s the real question: Does this mean he’s not betting on ETH’s future growth in this cycle? 🤔 Or maybe he’s just playing it safe, waiting to buy the next dip... 🫣
Meet myparagon.eth, the trader who took advantage of the "buy low, sell high" strategy. He grabbed 9050 ETH at $2293 in early September, then cashed out at $2598 between September 30 and October 15 for a cool $2.8M profit. 🚀
No futures, no leverage—just classic trading 101. 🧑🏫
But here’s the real question: Does this mean he’s not betting on ETH’s future growth in this cycle? 🤔 Or maybe he’s just playing it safe, waiting to buy the next dip... 🫣
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There Are 617 Million Crypto Enthusiasts Worldwide, Representing 7.5% of the Earth’s Population
Monthly, 30-60 million of them remain active in digital asset transactions.
Monthly, 30-60 million of them remain active in digital asset transactions.
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The $647 Million Bitcoin Treasure Hunt: The Story of James Howells
In 2013, James Howells from Wales accidentally threw away a hard drive containing 8,000 Bitcoins. Back then, Bitcoin wasn’t worth much, so it seemed like a small loss. But today, that hard drive is worth a jaw-dropping $647 million!
For years, Howells has been trying to get permission from Newport City Council to dig through a landfill where he believes his lost fortune is buried. He’s even proposed using AI-driven technology and robot dogs to assist in the search. Despite offering the city a cut of the treasure, officials continue to deny his requests, citing environmental concerns.
Undeterred, Howells has taken legal action, with a court date scheduled for December 3. He insists his plan will not only be safe but could also help clean up the landfill. “My Bitcoin may be buried, but this fight isn’t,” he says.
💭 Will this modern-day treasure hunt finally pay off?
In 2013, James Howells from Wales accidentally threw away a hard drive containing 8,000 Bitcoins. Back then, Bitcoin wasn’t worth much, so it seemed like a small loss. But today, that hard drive is worth a jaw-dropping $647 million!
For years, Howells has been trying to get permission from Newport City Council to dig through a landfill where he believes his lost fortune is buried. He’s even proposed using AI-driven technology and robot dogs to assist in the search. Despite offering the city a cut of the treasure, officials continue to deny his requests, citing environmental concerns.
Undeterred, Howells has taken legal action, with a court date scheduled for December 3. He insists his plan will not only be safe but could also help clean up the landfill. “My Bitcoin may be buried, but this fight isn’t,” he says.
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🚀 Bernstein’s $200K Bitcoin Price Prediction is 'Conservative' for 2025!
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
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Crypto Donations Surge Past $190 Million for 2024 U.S. Elections
The 2024 presidential race is seeing a massive influx of crypto donations, with over $190 million already contributed to campaigns.
Notable figures are leading the charge, like Ripple's Chris Larsen, who recently donated $10 million in XRP to support Kamala Harris, while Kraken's Jesse Powell sent more than $1 million to Trump’s campaign. Executives from Coinbase and other top companies are also spreading their support across party lines, signaling the crypto industry’s bid for regulatory influence amid ongoing SEC pressures.
With major players from both sides rallying for a slice of influence, the crypto crowd is making sure its voice is heard loud and clear this election season!
The 2024 presidential race is seeing a massive influx of crypto donations, with over $190 million already contributed to campaigns.
Notable figures are leading the charge, like Ripple's Chris Larsen, who recently donated $10 million in XRP to support Kamala Harris, while Kraken's Jesse Powell sent more than $1 million to Trump’s campaign. Executives from Coinbase and other top companies are also spreading their support across party lines, signaling the crypto industry’s bid for regulatory influence amid ongoing SEC pressures.
With major players from both sides rallying for a slice of influence, the crypto crowd is making sure its voice is heard loud and clear this election season!
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