Bitcoin retests key $30K support zone as data highlights BTC whale accumulation

Fear dominates the crypto market as BTC price trades near $30,000, but data suggests whales and momentum traders could be interested in accumulating in this zone. Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with bears pushing Bitcoin (BTC) to $30,334, its lowest price since July 2021. Crypto Fear & Greed Index. Sou

Rumors Claim Large Bitcoin Wallet Is a Whale’s Stash or Microstrategy’s Wallet Despite Conflicting Data

Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale.

Biggest future BTC whale explains why Bitcoin was chosen for 'decentralized Forex reserve'

Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin "in perpetuity" to back new mints of its UST stablecoin. Bitcoin (BTC) is the collateral asset of choice for the world's biggest decentralized stablecoin, and one of its top executives says there was no other.Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm's stablecoin, TerraUSD (UST).Kwon: BTC buys will continue "in perpetuity"Terra has made waves inside and outside the crypto community in recent weeks thanks to its massive Bitcoin buys.Currently at just over 30,000 BTC, the reserves of Terra nonprofit the Luna Foundation Guard (LFG) are due to expand to the equivalent of $10 billion.In his latest comments, however, Kwon went even further, saying that as long as UST is minted, Terra will keep buying BTC to back it."One important thing to remember about what we're going here is that this is not a corporate treasury decision in the sense that I am not buying Bitcoin," he told Bloomberg TV."I've already donated money so that we can build up these reserves on behalf of the community and we plan to be doing this in perpetuity, so the $3 billion or so that we're buying initially to bootstrap the reserves is going to be followed up by...

Mega Awakening — Whale Transfers 429 ‘Sleeping Bitcoin’ From 2010 Worth Over $16.8 Million

After tapping a 24-hour high at $42,592 per unit, the price of bitcoin lost the gains it gathered on Wednesday, sliding more than 5% during Thursday morning’s trading sessions.

BTC Whale With Links to a Well-Known Exchange May Have Triggered a Drop in Crypto Markets

Could that whale be a trigger for the sell-off? From the looks of things, yes.

While Speculators Believe Bitcoin’s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It’s an Exchange

The price of bitcoin has dipped below the $60K zone, a number of people have been talking about the third-largest bitcoin address called “1P5ZED” which has accumulated thousands of bitcoin during the last few days.

While BTC Skyrocketed to $69K, Whale From 2013 Transfers $147 Million Worth of ‘Sleeping Bitcoins’

Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million.

Third-Largest Bitcoin Whale Sold at $56K and Bought Back at $57K a Day Later

For the first time in two months, the third-largest BTC whale sold at a lower price but bought back at a higher a day later.

Are Bitcoin whales re-strategizing their investments?

As Bitcoin's price oscillated around the $33,000 level, some market participants are seeking out Ether and other alts to trade during this period of consolidation.  A long-time BTC whale and cryptThe post Are Bitcoin whales re-strategizing their investments? appeared first on AMBCrypto.