Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance

Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance @ According to analytics platform Lookonchain, a whale withdrew roughly $53 million worth of Bitcoin from Binance over the past five hours. The whale in question sold roughly $302 million worth of Bitcoin over the period from March 15 to March 15.  Smart money accumulating Bitcoin?  Some social media users started speculating about the possibility of large institutional investors entering the market following the approval of several Bitcoin ETFs.  Last week, there was a notable change in accumulation trends, with whales distributing their holdings instead of expanding their portfolios. Bitcoin whales have been instrumental in shaping the direction of the market, which is why their moves are closely monitored by the cryptocurrency community. At the end of 2023, whales still accounted for nearly 40% of Bitcoin's total supply, a testament to their immense influence. @2 Bitcoin's recent ...
Post a Comment

Pendle update || Going up ready for buy ||

 Pendle coin update

@


In this Video big update about pendle coin going up, by using technical indicators and buy using candle time frame, please and subscribe my channel, 


@

Location: United States

Comments

Post a Comment

Popular posts from this blog

What is the reasoning behind buying and selling cryptocurrency quickly?

Image
Buying and selling cryptocurrency quickly? Buying and selling cryptocurrencies quickly, often referred to as "trading," is a common practice among many cryptocurrency investors and traders. There are several reasons behind this strategy: 1. ** Capitalizing on Volatility **: Cryptocurrency markets are known for their high volatility, meaning prices can fluctuate rapidly within short periods. Traders aim to profit from these price swings by buying low and selling high, often within minutes, hours, or days. 2. ** Taking Advantage of Market Trends **: Cryptocurrency markets can be influenced by various factors such as news events, market sentiment, and technical analysis. Traders analyze these trends and patterns to identify potential buying or selling opportunities, aiming to capitalize on short-term market movements. 3. ** Arbitrage Opportunities **: Price discrepancies often exist between different cryptocurrency exchanges due to factors such as liquidity, trad...
Read more

Differences between buying and selling cryptocurrency for profit? Is one method easier than the other? Why or why not?

Image
What are the differences between buying and selling cryptocurrency for profit? Is one method easier than the other? Why or why not? Buying and selling cryptocurrency for profit both involve participating in the market with the aim of making a profit, but they entail different strategies and considerations. Here are the key differences between the two: 1. **Buying Cryptocurrency for Profit**:    - **Strategy**: When buying cryptocurrency for profit, investors typically aim to identify assets they believe will increase in value over time. They research the fundamentals of different cryptocurrencies, such as their technology, use case, team, and market potential, to make informed investment decisions.    - **Timing**: The timing of buying cryptocurrency is crucial. Investors may look for opportunities to buy during market downturns or when prices are relatively low compared to their perceived long-term value.    - **Risk**: While buying cr...
Read more

Is it risky to convert Bitcoin (BTC) to U.S. dollars (USD) and then back to Bitcoin?

Image
  Is it risky to convert Bitcoin (BTC) to U.S. dollars (USD) and then back to Bitcoin? Converting Bitcoin (BTC) to U.S. dollars (USD) and then back to Bitcoin can involve certain risks and considerations, much like any trading or currency exchange activity. Here are some factors to consider: 1. ** Volatility :** Bitcoin prices are highly volatile and can fluctuate significantly within short periods. Therefore, the value of your BTC holdings may change between the time you convert them to USD and the time you convert them back to BTC. This volatility can result in potential gains or losses depending on market movements. 2. ** Transaction Fees :** Exchanging Bitcoin for USD and vice versa often involves transaction fees charged by cryptocurrency exchanges, payment processors, or other intermediaries. These fees can vary depending on the exchange or service provider you use, and they can impact the overall profitability of your trades. 3. ** Market Timing :** Timing the market cor...
Read more