On August 21, two large Ethereum holders, known as '7 Siblings' and wallet 0xFD10, sold a combined $63 million worth of ETH and staked ETH (stETH). '7 Siblings' sold 14,000 ETH for $32.85 million at an average price of $2,346, continuing a pattern of profit-taking during price rallies. Meanwhile, 0xFD10 offloaded 11,252 stETH and 1,824 ETH for about $30.78 million, though its motives are unclear. These significant sales added supply pressure on Ethereum, which traded near $2,350 after the transactions. The activity reflects a broader trend of large holders reducing exposure during rallies, with potential for further large moves depending on ETH price action.
Bitcoin surged close to $75,000, rising nearly 8% in 24 hours and 18% over the past week, fueled by a wave of short liquidations exceeding $4 billion in two days. This rapid price increase forced bearish traders to close positions, adding momentum to...
Ethereum's price jumped over 18% in 24 hours to reach $2,375, driven by a record $189.15 million inflow into U.S. spot Ethereum ETFs, led by BlackRock's ETHA fund. Large holders also moved significant amounts of ETH off exchanges, signaling strong ac...
Bitcoin surged above $75,000, marking a 20% gain over four days and reaching its highest level since late May. This rally outpaced Ethereum and Solana, driven by a strong reaction from key support levels and significant short squeezes that liquidated...
Ethereum surged over 18%, breaking above $2,000, driven by large leveraged positions and record inflows into ETH Spot ETFs from BlackRock, Fidelity, and Grayscale. Exchange supply of ETH dropped 15% over 11 weeks, signaling strong investor demand. Te...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
