• Latest
  • Trending
Whales Are Building Their Positions On Derivatives

Whales Are Building Their Positions On Derivatives

October 22, 2021
SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

March 18, 2023
Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

March 18, 2023
What are distributed systems, and how do they work?

What are distributed systems, and how do they work?

March 18, 2023
Insane Bet by Balaji Srinivasan

Insane Bet by Balaji Srinivasan

March 18, 2023
The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

March 18, 2023
Friendliness Toward Crypto ‘Does Not Exist’

Friendliness Toward Crypto ‘Does Not Exist’

March 18, 2023
HappyMiner provides high-quality cloud mining services for passive income

HappyMiner provides high-quality cloud mining services for passive income

March 18, 2023
Sam Bankman-Fried to propose revised bail package ‘by next week’

Sam Bankman-Fried to propose revised bail package ‘by next week’

March 18, 2023
Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

March 18, 2023
  • Privacy Policy
Saturday, March 18, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Whales Are Building Their Positions On Derivatives

J_News by J_News
October 22, 2021
in Crypto, Top News
0
Whales Are Building Their Positions On Derivatives
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


On-chain data shows whales are sending their Bitcoin from spot exchanges to derivatives, indicating that they are building up their positions.

Bitcoin Whales Build Up Their Positions On Derivative Exchanges

As pointed out by a CryptoQuant post, Bitcoin whales seem to be moving their crypto from spot exchanges to derivative exchanges.

The relevant indicator here is the “all exchanges to derivative exchanges flow mean,” which shows the total amount of coins being transferred from spot exchanges to derivative exchanges.

When the value of this metric shows continuous high values, it means a lot of Bitcoin is being regularly moved to these derivative exchanges, which may hint that whale activity has been going on.

Low values would imply not many coins are moving in this direction, and could either be staying still, or be rather going the opposite way: from derivatives to spot.

Now, here is a chart that shows the trend that this indicator has followed over the last couple of years:

Related articles

SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

March 18, 2023
Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

March 18, 2023
The BTC all exchanges to derivatives flow mean vs the price | Source: CryptoQuant

The above graph has different regions marked based on whether whales seemed to be accumulating at that time or not.

Related Reading | Despite New ATH, Bitcoin Exchange Reserves Continue To Decline

The green regions were when the price was mostly moving sideways and the indicator had the whales sending a lot of BTC to derivatives.

Following these periods of accumulation, the price had always shown a jump up during the period of the above chart.

However, once the indicator’s value became very low, BTC’s price has seemed to have made a top after which its value dipped down.

Related Reading | Lucky Buyers Possibly Bag $8K Bitcoin During Early Morning Flash Crash

Now, as is apparent in the graph, the current trend makes it look like whales have just started another phase of accumulation. This could turn out to be bullish for the future price.

BTC Price

At the time of writing, Bitcoin’s price floats around $61.5k, up 2.7% in the last seven days. Over the past month, the crypto has accumulated 42% in gains.

The below chart shows the trend in the price of the coin over the last five days:

Bitcoin Price Chart

BTC's price seems to be rapidly plunging down | Source: BTCUSD on TradingView

After setting a new all-time high (ATH) of $67k, Bitcoin has been sharply going back down in the past couple of days. It’s unclear at the moment which trajectory the coin might follow next, but if the spot to derivatives flow mean is anything to consider, whales seem to be accumulating. This could help the price bounce back up and set it up to reach higher ATHs.

Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com



Source link

ShareTweetShareShare
Previous Post

FATF to Publish Detailed Crypto Guidelines Late Next Week

Next Post

Marlin Price Prediction | POND Price Prediction

Related Posts

SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

by J_News
March 18, 2023
0

Not all collections of non-fungible tokens, however, were affected in the same way. Projects from NFT issuer Yuga Labs, including...

Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

by J_News
March 18, 2023
0

Key Takeaways Bitcoin is a decentralised asset, yet large amounts are controlled by a select few The top 114 addresses...

What are distributed systems, and how do they work?

What are distributed systems, and how do they work?

by J_News
March 18, 2023
0

For distributed systems to function, a task must be divided into smaller subtasks and spread over several nodes or computers...

Insane Bet by Balaji Srinivasan

Insane Bet by Balaji Srinivasan

by J_News
March 18, 2023
0

Vladislav Sopov Ex-Coinbase CTO and prominent angel investor Balaji Srinivasan betting (really) big on orange coin in short term Contents...

The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

by J_News
March 18, 2023
0

The Brave browser’s new feature allows users to buy and sell crypto for fiat — including U.S. dollars, euros, and...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

Crypto Narratives to look out for in 2023 | by Blockchain Jew | The Capital Platform | Feb, 2023

New York Attorney General sues CoinEx over failure to register

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT