Large investors, known as whales, have accumulated 140,000 Ethereum valued at $322 million over the past four days, signaling strong demand and confidence in Ethereum's price stability. This buying activity supports market predictions that Ethereum will stay above $1,900 on May 2, with a 99.9% probability. The whale accumulation suggests positive short-term price prospects, making it important to watch for further large purchases or market changes that could impact Ethereum's price.
During the hour ending at 9:24 a.m. ET on Nov. 3, $7.75 million worth of short positions in Ether (ETH) were liquidated across Binance, Bybit, and OKX exchanges. The total liquidations, including $2.51 million in long positions, reached $10.26 millio...
Ethereum's exchange reserves have dropped to their lowest since 2016, falling 58.6% from a 2020 peak, which may indicate reduced selling pressure. Institutional investor Bitmine has increased its holdings by $11.22 million, now controlling nearly 5% ...
Ethereum (ETH), the second-largest cryptocurrency by market cap, traded just below $2,300 at $2,293 on Binance's spot market on November 3. Earlier, it was slightly above $2,300, showing a brief dip below this key level within 15 minutes. Despite thi...
Major cryptocurrencies declined as Bitcoin ETFs experienced over $1 billion in outflows following the $6.3 billion Binance hack. Despite the sell-off, analyst Tom Lee called the market's response "constructive," highlighting Binance's coverage of los...
Following the October 29 Binance hack, Ethereum's supply on exchanges dropped from 3.56% to 3.20%, indicating a significant outflow of around 297,000 ETH. However, this decline appears to reflect a liquidity shift rather than panic selling, as some E...
