Whale Transactions on Bitcoin Increasing and Price Volatility Rising

  • According to the current metrics analyzed on Bitcoin, important criteria such as whale transactions and weekly price volatility have increased.
  • Whale transactions, which include Bitcoin transactions worth at least 1 million dollars, have experienced a significant increase. These types of transactions are usually initiated by major institutional investors or high net worth individuals.
  • Meanwhile, Bitcoin surpassed the $30,000 region and quickly dropped below it after the latest recovery. However, despite the drop, BTC is still holding above the $29,400 region.

Bitcoin price has rebounded after falling below $29,000 and surpassed $30,000 again, during which whale transactions in Bitcoin have increased.

Improvement Observed in Bitcoin Whale Transactions

bitcoin-balina

According to the current metrics analyzed on Bitcoin, important criteria such as whale transactions and weekly price volatility have increased, indicating potential market sensitivity and activity changes.

According to Santiment data, whale transactions, which include Bitcoin transactions worth at least 1 million dollars, have experienced a significant increase. These types of transactions are usually initiated by major institutional investors or high net worth individuals. Due to the large amounts they hold, these transactions can have a significant impact on the market.

Between July 27 and August 1, there was a decrease in BTC whale transactions in the market. However, reasonable increases were observed in the number of whale transactions during the recent Bitcoin price recovery.

bitcoin-transaction-count-and-price-volatility

Another important metric to consider is Bitcoin’s price volatility, which measures price fluctuations over a specific time period.

On August 1, there was a sharp decrease in BTC’s weekly price volatility, and BTC dropped below $29,000. Interestingly, during this decrease in weekly price volatility, Bitcoin experienced a significant increase in daily volatility.

However, after the subsequent price recovery, weekly volatility increased again. High volatility generally indicates increased uncertainty and can lead to rapid changes in market sensitivity.

These metrics can be signals for possible price movements in the future

The interaction between whale transactions and volatility can significantly influence the direction of the market. Whale transactions accompanied by increased volatility can indicate potential larger price movements in the near future.

Although the current metrics have not yet reached the high levels observed between July 24 and 27 in a 24-hour time period, they indicate an ongoing increase in market activity.

Meanwhile, Bitcoin surpassed the $30,000 region and quickly dropped below it after the latest recovery. However, despite the drop, BTC is still holding above the $29,400 region and is currently trading at $29,490. The asset is trying to take advantage of this position for the next $30,000 transaction.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.

Bitcoin and Altcoins Face Correction Risk as Rate Cut Expectations Decline

Discover why Bitcoin and other cryptocurrencies may be on shaky ground, as economic indicators point to a potential market correction. Get expert insights on shifting market dynamics and what it could mean for crypto investors.

Bitcoin Price Outlook Dims as Crypto Stocks Slump, Peter Schiff Raises Doubts

Get the latest insights on the bearish trend in crypto markets, Peter Schiff's skepticism, and the impact on Bitcoin's price potential.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.

Is DYDX Ready to Start a New Rally? Latest DYDX Analysis 15 April

Following its recent fall, DYDX rebounded strongly to $2.28, and it is indicated that if it can sustain 3-day candle closes above this resistance level, the upward trend may continue.

Is Solana in a Long-Term Buy Zone? Current SOL Analysis 15 April

Following its recent decline to $118, Solana surged back to $145 with robust purchases; for long-term investors, the $132.40 to $121.36 range is seen as potential buying areas.

Will ARB Start Its Ascent? Latest ARB Analysis 15 April!

According to the analysis of ARB coin, staying above $0.98 could set it on a path to reach $1.90.
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.