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Dormant whale sends 300 BTC to FalconX as Bitcoin nears $84k CME gap

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A whale that has been dormant for 1.5 years has deposited 300 BTC to crypto brokerage FalconX alongside 1,050 BTC to two other wallets.

According to data on SpotOnChain, an anonymous whale with $85.7 million in Bitcoin (BTC) holdings just sent 300 BTC through digital asset broker FalconX. At current market prices, the transaction is worth around $25.1 million in BTC.

In addition to FalconX, the whale also sent 1,050 BTC, equal to around $87.2 million, to two fairly new wallets. At press time, the address still holds around $12.55 million worth of Bitcoin, or equal to 150,000 BTC.

The last transaction recorded on-chain from the whale occurred on Aug. 18, 2023 when it received 1,500 BTC from market marker Cumberland at a price of $26,353, worth $39.5 million at the time. This means that the address has been dormant for nearly two years.

According to data from crypto.news, Bitcoin has gone down by 0.44%. BTC is currently trading hands at $83,613. Bitcoin has been on a turbulent path in the past month, going down by more than 14%.

Dormant whale sends 300 BTC to FalconX as Bitcoin nears $84k CME gap - 1
Price chart for Bitcoin as it nears $84k in the past 24 hours of trading, March 17, 2025 | Source: crypto.news

In the past day, Bitcoin reached a peak price of $84,693 before falling further to a $82,061 low and maintaining its value at around $83,000. In fact, BTC’s dive to the $84,000 threshold fills the CME price gap, which sets the stage for another potential price climb.

A CME gap is the disparity between the closing price of Bitcoin on the Chicago Mercantile Exchange or CME and its opening price when trading resumes. It is often used as an indicator for corrections after a sharp drop in the market. The CME gap is often referred as a “magnet” for Bitcoin prices.

Bitcoin’s recent price drop filling the CME gap and the notable BTC whale movements could suggest increased market activity is on the horizon. Traders are already anticipating the next market moves that could very well influence Bitcoin’s price trajectory and overall market sentiment.



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Bitcoin

Trader Predicts Crypto Rallies Amid Expectations of Fed Monetary Policy Shift – But There’s a Catch

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A widely followed crypto analyst is predicting higher prices for crypto assets as he expects the Federal Reserve to end its anti-inflation monetary policies.

In a new thread, the pseudonymous crypto analyst Pentoshi tells his 861,300 followers on the social media platform X that we are close to seeing the end of quantitative tightening (QT), which are policies that reduce the Fed’s balance sheet and lowers the supply of money in circulation.

The trader cites data from the decentralized prediction platform Polymarket, which shows that 100% of users believe that the Fed will end QT by May of this year.

The cessation of QT is typically seen as bullish for risk assets like Bitcoin (BTC) and altcoins as the move signals the end of tight monetary conditions.

However, Pentoshi warns investors to be “cautiously optimistic” as both the S&P 500 and top crypto assets have seen growth over the last few years that appears unsustainable.

“I think we are getting close to [the] end of QT with Polymarket now pricing in odds as a sure thing whereas before they were much lower odds. As previously stated, it does seem Trump would end up forcing it. I don’t think QT automatically means it’s easy mode.

I think that mode is clearly gone overall in the way people think about it (2017/2021). While prices are much lower, I think it’s best to be cautiously optimistic. Many things are down significantly and there hopefully will be some decent mean reversion. Markets in general have rallied hard. And assets were likely a bit overvalued before.

SPX going 25% back to back years was going to have low growth or negative this year as it wasn’t a sustainable pace. BTC went from $16,000 to $108,000, SOL [from] $8 to $300. Cautiously optimistic. [Be] patient for any time capitulation, as often, following big trends, we eventually get longer sideways periods and less volatility as the market finds balance.”

While Pentoshi is flipping tactically bullish on stocks and crypto, he warns investors that any rally will likely be short-lived.

“I think any up currently will be a lower high. People underestimate the time aspect.”

At time of writing, Bitcoin is trading for $83,248.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin Price Eyes $200,000 Breakout If This History Aligns

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The price of Bitcoin (BTC) is undergoing bullish consolidation at the moment after the intense selloff in the broader market cooled off. The current outlook shows relief for a coin that dropped as low as $76,624.25 in the past week. Per the historical trend of BTC prices, this consolidation might be a buildup to a massive rally for the top coin.

Bitcoin Price and Potential $200,000 Play

When writing, the BTC price changed hands for $83,927.24, up by 1.38% in 24 hours. The coin has jumped from a low of $82,017.90 to a high of $84,725.32, a show of brewing breakout.

Market analyst Rekt Capital analyzed whether this current price is a short-term relief. He spotlighted a trend from June 2021, when the price of Bitcoin was consolidating between the 21-week EMA and the 50-week EMA. The consolidation came just after a crash.

About a week ago, the BTC price crashed, triggering millions in liquidation across the market. Following this price slump, the coin is consolidating between the same EMA showcased by Rekt Capital. 

In June 2021, Bitcoin prices increased from $33,000 to $42,000. This gives an average price of $37,500. From here, the coin jumped by over 123.95% to its current price of $83,927.24. If history repeats, Bitcoin Bitcoin may soar to almost $187,280 or approximately $200,000.

BTC Price and Accumulation Trend

According to market data from Glassnode, Bitcoin currently has a high of 0.1. According to the market analytics platform, this figure indicates sustained buying pressure despite the market selloff.

Rather than steer clear of the market, Glassnode hinted that the coin’s distribution remains dominant overall. Other onchain indications also point to reboot from BTC proponents. IntoTheBlock data points to a 5.34% surge in large transactions to $34.7 billion.

This whale transaction is important as it shows a trend shift among market players that can impact prices. It is also complemented by the 24% surge in BTC trading volume of crypto exchanges, a sign of sustained positive sentiment.

What Next for the Crypto Market?

The growth or fall in the price of Bitcoin has a way of impacting the broader market. In an earlier cryptocurrency price prediction, the impact of Trump and Putin’s peace deal over Ukraine was considered. Experts are convinced the broader market may ignite a bullish rally if the conversations turn positive.

Although spot Bitcoin ETF market has been showcasing outflows over the past week, the coin is positioned to be the biggest beneficiary in this shift. While the Rekt Capital historic forecast teases $200,000, experts like Cathie Wood predict deflationary boom for the market, riding on massive BTC adoption rate by institutions and governments.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin

A Saint Patrick’s Day Price History

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From $5 to $83,000 – The Digital Gold Rush Continues

Bitcoin has come a long way since trading at just $5.34 on Saint Patrick’s Day in 2012. Now, in 2025, the world’s largest digital currency has reached $83,223 on this holiday, marking a staggering 1,558,000% increase in just 13 years. With institutional adoption surging and supply remaining fixed, Bitcoin’s long-term trajectory appears stronger than ever.

A Look at Bitcoin’s Explosive Growth

Bitcoin’s price movements in the early years was anything but predictable. In just one year, from 2012 to 2013, BTC skyrocketed 780%, reaching $47. The next year, it surged again to $630, a 1,240% increase from 2013.

However, Bitcoin’s price swings have been sharp. By 2015, it had retraced to $290, but by 2017, it climbed to $1,180, and in just one more year, it hit $8,321—a 605% increase. Even after a pullback to $4,047 in 2019, the next five years saw Bitcoin go from $5,002 in 2020 to $83,223 in 2025.

2012 $5.34

2013: $47

2014: $630

2015: $290

2016: $417

2017: $1,180

2018: $8,321

2019: $4,047

2020: $5,002

2021: $56,825

2022: $41,140

2023: $26,876

2024: $68,845

2025: $83,223

Why Bitcoin’s Price Keeps Rising

Despite its volatility, Bitcoin’s long-term trajectory remains upward, driven by increasing demand and fixed supply. Unlike fiat currencies, which governments can print indefinitely, Bitcoin’s supply is capped at 21 million coins. As more individuals, institutions, and even governments adopt Bitcoin, scarcity drives prices higher.

Several major factors are contributing to Bitcoin’s growing adoption in the last year:

The U.S. Strategic Bitcoin Reserve – United States Senator Cynthia Lummis and Congressman Nick Begich both introduced legislation to green light the U.S. to purchase 1,000,000 BTC for their strategic reserves, further solidifying its legitimacy and causing other countries potential FOMO in.

Corporate Adoption – Companies like Strategy, Metaplanet, and Rumble continue adding Bitcoin to their balance sheets, treating it as a strategic reserve asset.

Spot Bitcoin ETFs – The approval of Bitcoin spot ETFs in the U.S. has opened the floodgates for institutional investment, allowing hedge funds, pension funds, and retail investors to gain exposure to Bitcoin through regulated financial products.These ETFs have collectively purchased over 1 million BTC.

Halving – On April 19th, 2024, Bitcoin underwent its fourth halving event, where the block reward for those mining Bitcoin was cut in half from 6.25 BTC per block to 3.125 BTC per block. This decrease in the amount of daily new bitcoin issued on the market historically leads to an increase in the price of BTC. Bitcoin halvings occur roughly every 210,000 blocks (approximately every four years).

What’s Next?

With demand skyrocketing and supply shrinking due to upcoming Bitcoin halvings, Bitcoin seems poised to continue its historic rise in price. If history is any indicator, the best time to buy Bitcoin was years ago—the second-best time might be today.



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