{"id":289106,"date":"2024-04-25T02:22:51","date_gmt":"2024-04-24T20:52:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=289106"},"modified":"2024-04-25T02:22:51","modified_gmt":"2024-04-24T20:52:51","slug":"bitcoin-ethereum-trade-lower-as-whales-show-signs-of-fomo-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-ethereum-trade-lower-as-whales-show-signs-of-fomo-crypto-news\/","title":{"rendered":"Bitcoin, Ethereum Trade Lower As Whales Show Signs Of FOMO – Crypto News"},"content":{"rendered":"

<\/p>\n

Santiment reports that wallets containing 1,000 to 10,000 BTC have accumulated $17 billion worth of Bitcoin in 2024.<\/p>\n

\n

Crypto markets turned sharply lower on Wednesday, erasing the previous day\u2019s gains as traders looked for a \u201cstrong\u201d catalyst following Bitcoin\u2019s halving event.<\/p>\n

BTC is down 3%, changing hands around $65,000, with ETH trading at $3,175, data from CoinGecko shows.<\/p>\n

BTC Price<\/figcaption><\/figure>\n

Michael Van de Poppe, CIO & founder of MN Trading Consultancy, told The Defiant that as Bitcoin consolidates, it paves the way for the altcoins to gain momentum.<\/p>\n

\u201cI’m frankly not expecting much movement from Bitcoin, I think that we’ll see a strong altcoin period at the end of Q2 or at the beginning of Q3,\u201d he said, adding that \u201cwhat Bitcoin needs is a strong catalyst that could push momentum.\u201d<\/p>\n

Whales show signs of FOMO<\/h2>\n

Research firm Santiment noted<\/a> that wallets holding between 1,000 and 10,000 BTC (valued roughly at $66.7 million to $667 million) show signs of “Fear of Missing Out” (FOMO).<\/p>\n

\"Bitcoin
Bitcoin Whales Hold Firm<\/figcaption><\/figure>\n

\u201cThe critical whale segment that holds between 1K and 10K $BTC is a cornerstone behind the current surge, amassing an additional 266K $BTC since the onset of 2024,” Santiment said. The figure represents 1.24% of Bitcoin’s total circulating supply, worth over $17 billion at current prices.<\/p>\n

CoinGlass reported a total of $52.46 million in liquidated positions in the last 12 hours, with the largest liquidations coming from Ethereum and Bitcoin. Altcoin HBAR saw liquidations amounting to $7.58 million, attributed to the token’s recent volume surge, surpassing the $1 billion mark. Additionally, PEPE liquidations amounted to $2 million.<\/p>\n

The data also shows a large number of sell orders placed between $67,000 and $67,500, suggesting that this is a resistance zone where sellers are ready to exit their positions.<\/p>\n

Over the weekend of April 12-13, when Iran launched its missile attack on Israel, CoinGlass data revealed that over $1.4 billion in long positions were liquidated.<\/p>\n

Crypto Stocks Rally<\/h2>\n

Crypto stocks surged on Tuesday, with cryptocurrency exchange Coinbase\u2019s (COIN) rising by 11% and Bitcoin mining companies like Marathon Digital (MARA) and Riot Platforms (RIOT) both experiencing a 5% rise in their stock values.<\/p>\n

U.S. stocks rallied for a second session on Tuesday as a solid set of corporate earnings eased worries about higher rates.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Santiment reports that wallets containing 1,000 to 10,000 BTC have accumulated $17 billion worth of Bitcoin in 2024. Crypto markets turned sharply lower on Wednesday, erasing the previous day\u2019s gains as traders looked for a \u201cstrong\u201d catalyst following Bitcoin\u2019s halving event. BTC is down 3%, changing hands around $65,000, with ETH trading at $3,175, data […]<\/p>\n","protected":false},"author":2,"featured_media":289107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-289106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=289106"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289106\/revisions"}],"predecessor-version":[{"id":289113,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289106\/revisions\/289113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/289107"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=289106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=289106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=289106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}