Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.
Whale news
Polymarket whales are betting tens of millions of dollars on a Trump victory on Nov. 5, which could be more accurate than traditional polls, according to Elon Musk.
Despite this week’s Bitcoin price drop, whales continued to add to their balance and the current v-shaped BTC recovery could be a sign that new highs are coming.
After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out.
New and old Bitcoin whale wallets have been gobbling up BTC, mirroring a 2020 trend that saw the asset rally by 550%.
Ethereum’s futures open interest hit a new all-time high, but data shows this feat is usually followed by an ETH price crash.
Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.
Bitcoin’s largest whales are in clear accumulation mode while speculators stage knee-jerk sell-offs at a loss.