Latest news with #Santiment
Yahoo
5 days ago
- Business
- Yahoo
XRP Hits 12-Year Milestone With Over 2,700 Whales, Holding Over 1M XRP, Onchain Data Show
The number of whale wallets holding large amounts of XRP XRP has increased to a record high in a sign of confidence in the cryptocurrency's price prospects. "There are now over 2,700 whale & shark wallets holding at least 1M XRP for the first time in the asset's 12 plus year history," blockchain analytics firm Santiment said on X. Additionally, the amount of active XRP addresses has averaged over 295,000 per day over the past week, significantly higher than the average of 35,000-40,000 over the past three months. XRP is the payments-focused cryptocurrency used by the fintech company Ripple to facilitate cross-border transactions. As of writing, the cryptocurrency traded flat around $2.23, representing a 7% gain for the year, CoinDesk data show. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-06-2025
- Business
- Yahoo
ETH Whales and Sharks Accumulate 1.49M ETH in 30 Days as Retail Pulls Back
Ether (ETH) ETH traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics. According to crypto analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply. Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether's key stakeholders, even as retail sentiment appears to be wavering following recent price declines. At the same time, U.S.-listed spot Ethereum ETFs registered $2.2 million in net outflows on Friday, marking the end of a 19-day inflow streak. The reversal, as confirmed by data from Farside Investors, is the first sign of slowing institutional demand via these ETFs since late May. Still, ether's broader structure remains intact. Following a pullback from recent highs near $2,870, ETH continues to hold above a historically significant support zone near $2,500. The persistent accumulation by whale and shark wallets may provide an important floor for price, particularly if macro conditions stabilize and regulatory clarity improves. Technical Analysis Highlights Ether traded between $2,499.39 and $2,580.53 over the past 24 hours. Price peaked near $2,580 in the early hours before entering a steady decline. The token briefly dipped below $2,500 before bouncing to close near $2,518.76. Late-session volume surged, particularly around 17:30–18:00 GMT, coinciding with the rebound. Support appears to be forming around $2,500, a key psychological and technical level. Despite modest losses, ETH maintained a narrow range of $81.14 (3.14%), showing relative stability Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
09-06-2025
- Business
- Khaleej Times
Investors keep close watch as bitcoin prices find support
As the crypto markets navigated a wave of cautious optimism on Monday after last week's selloff, investors are watching closely as the market shows signs of both resilience and short-term volatility. Bitcoin, the flagship cryptocurrency, is currently trading near $105,800, a sharp decline from its all-time high of $112,000. Despite the dip, the broader trend remains bullish. Bitcoin has broken out of a long-term descending wedge and is now moving within an upward channel, suggesting that the long-term momentum is still intact, analysts say. However, several bearish signals emerged last week. Bitcoin holders took over $23 billion in profits between Monday, June 2 and Thursday, June 5, according to Santiment data. The large positive spike in the network realized profit/loss metric corresponds to the dip in BTC price. Large volume profit-taking is typically associated with further correction in the token's price. Derivatives data from Coinglass shows over $305 million in long positions were liquidated in the last 24 hours, against $41 million in short positions. The long/short ratio, a metric that compares bullish bets against bearish ones, reads 0.91. A value less than one signals higher bearish bets, supporting a thesis of further price decline. 'If Bitcoin manages to hold above the $103K–$105K range, a retest of $112K seems likely, with a possible push toward $118K. On the flip side, a drop below $100K could shift sentiment more bearish, potentially dragging the price down to the $97K zone,' Ekta Mourya, crypto analysts at FXStreet, wrote. With a total market capitalisation hovering around $3.3 trillion, Ethereum and Solana are drawing increased institutional attention, particularly due to their roles in real-world asset tokenization and staking innovations. Technically, Bitcoin is in a consolidation phase. Indicators like the Relative Strength Index (RSI) have cooled off from overbought levels, and the Moving Average Convergence Divergence (MACD) is showing signs of weakening momentum on the daily chart. 'Key support levels lie at $103,000, $100,000, and $97,663, while resistance is expected around $112,000, with potential upside targets at $115,000 to $118,000 if bullish momentum resumes,' Mourya said. Bitcoin narrowly stayed above the $100,000 level as the online spat between Elon Musk and President Trump spilled over from traditional markets last week. In what had been a fairly muted week for cryptoasset price movements beforehand, as the 'feud' between Trump and Musk escalated on social media on Thursday, bitcoin then fell as much as 4% before finding some support at $100,400, said eToro crypto analyst Simon Peters. The BTC/USDT daily price chart shows the likelihood of a nearly four per cent correction and a retest of milestone $100,000, a key support level for the cryptocurrency, 'A nearly three per cent increase could see BTC test resistance at $106,794, the upper boundary of a Fair Value Gap (FVG) on the BTC/USDT daily price chart. In the event of further decline in Bitcoin price, $97,732 could act as support,' an analyst said. Looking forward to this week, inflation data in the form of CPI consumer price index and PPI producer price index could provide some volatility. Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their US holdings, Reuters reported. Morningstar data on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion.
Business Mayor
21-05-2025
- Business
- Business Mayor
Chainlink could rally past $16.5, but THIS hurdle weighs on LINK
The high development activity of Chainlink inspired long-term investors. The high supply of profit and lack of network-wide accumulation posed a significant obstacle to the bulls. Chainlink [LINK] was one of the fastest-developing Ethereum [ETH]-based assets. In a Santiment Insights post, user Brian noted how Chainlink continued to lead in development activity. Santiment data revealed that Chainlink's development activity over the past 30 days was 50% higher than Ethereum's. This metric tracks software development events across different blockchains and their dApps. Despite this strong developer engagement, Chainlink has been experiencing notable on-chain profit-taking activity. Chainlink bulls' attempt to breach $16.5 Source: Santiment The dormant circulation chart showed a large spike on the 25th of April. The metric is useful in understanding a swift uptick in network activity. It shows the number of unique tokens not moved within the previous 180 days that were transacted on a given day. Its surge in April coincided with a drop in the Mean Coin Age (MCA). The two metrics go hand-in-hand, and together indicated a flurry of selling activity when LINK approached the $15.5 level. This level marked the highs of a range at that time. The MCA, which had been trending upward since December, was interrupted in March and again in April. The holders' willingness to sell as Chainlink prices knocked on the doors of key resistance levels reflected a lack of conviction. Source: Glassnode A key metric that may concern long-term investors is the percentage of supply in profit. At press time, 76% of LINK holders were in profit. Notably, previous waves of selling on the MCA in March and April occurred when this figure was at 65% and 56%. Read More Crypto market's weekly winners and losers – BEAM, KAS, XMR, FXS Over the past few days, Chainlink has retested the $15.5 level—previously a resistance, as a support zone, with bulls attempting to push the price higher.
Business Mayor
18-05-2025
- Business
- Business Mayor
80 Million Cardano in 48 Hours: Whales Buying ADA Dip?
According to CoinMarketCap data, Cardano, the ninth-largest cryptocurrency by market capitalization, is trading at $0.762, down 1.38% in the last 24 hours and 4.05% in the last seven days. Amid a broader market drop in the past week, Cardano fell for four straight days since May 14. Cardano had achieved a high of $0.864 on May 12, but bulls were unable to sustain momentum as investors considered macroeconomic concerns. ADA is currently attempting a recovery, with prices reaching intraday highs of $0.766 in the early Sunday session, but the price remains in the red daily. Amid the price drop, large holders referred to as whales appear to be scooping up Cardano at a discount. According to crypto analyst Ali, who cited data from Santiment, whales have bought over 80 million ADA in just the last 48 hours, even as the Cardano price fell. Whales have bought over 80 million #Cardano $ADA in the last 48 hours, according to data from @santimentfeed! May 17, 2025 This accumulation trend by whales suggests that smart money is taking advantage of lower prices to load up on ADA, potentially betting on a rebound once broader market sentiment improves. In the event of a market recovery, the focus would be on Cardano regaining the daily SMA 200 at $0.805 before moving to $0.864. If this is accomplished, ADA may target $1 next. In the case of a dip, support is expected at $0.72, ahead of the daily SMA 50 of $0.684. Cardano continues to expand According to the most recent information published by Input Output, Cardano continues to show steady growth across ecosystem metrics. The number of projects underway has risen to 1,999, with delegated wallets remaining steady at 1.33 million. On-chain activity also increased, with 109.37 million transactions completed and native assets reaching 10.79 million under 214,832 token policies. Smart contract deployment is strong, with 133,417 Plutus scripts and 6,640 Aiken scripts, representing a 0.49% increase in script activity over the previous week. Governance engagement has increased as well, with 1,305 DReps, 954 of which are active, up 1% from the previous figure. The 224 GitHub commits represent developer enthusiasm and indicate ongoing contributions across Cardano's codebase.
