Lookonchain APP

App Store

Glassnode: Number of Whale Addresses Holding over 1000 BTC Surges Since Last Friday

2 hours ago

On November 18th, despite the ongoing pressure on the crypto market this week, the number of Bitcoin whale wallets has witnessed a surge contrary to the trend. Data from Glassnode indicates that whales have been continuously accumulating since the end of October. The number of addresses holding more than 1000 BTC has increased significantly since Friday. On October 27th, when BTC reached a high of $114,000, the number of whale wallets dropped to a yearly low of 1354. However, as of this Monday, that number has rebounded by 2.2% to 1384, reaching a four-month high. Meanwhile, Glassnode indicators suggest that small investors holding 1 BTC or more may be one of the sources of selling pressure. The total number of such wallets has continuously declined from 980,577 on October 27th to a new yearly low of 977,420 on November 17th. This confirms a typical pattern in the crypto market where whales often take the opportunity to accumulate when retail investors panic-sell during a sharp decline. Markus Thielen, the founder of 10X Research, stated that some whale selling pressure still exists. He emphasized the profound impact of the Federal Reserve's FOMC meeting on October 29th on the current market. The meeting statement disrupted the fragile balance between the super whale sell-off of 1000-10000 BTC and the whale buy-off of 100-1000 BTC. While super whales are absorbing some of the sell-off, net flow data on the 30th still shows that selling pressure remains dominant.
Relevant content

A whale group today performed a rug pull, selling 22,880 ETH and incurring a $13.73 million loss in one week.

On November 18th, as monitored by on-chain data analyst Yu Jin, a group of whales that bought the dip in ETH 8 days ago liquidated today, resulting in a loss of $13.73 million in a week. It is reported that this group purchased 22,880 ETH at a price of $3,570 on November 10th (approximately $81.68 million), and sold all of it 5 hours ago for $67.95 million. The average selling price was $2,970, with a per-ETH loss of $600. The USDT of this whale group was mostly withdrawn last year from Binance, Mexc, HTX, and other exchanges through multiple addresses. Then, it bought ETH at the dip 8 days ago and consolidated it into 4 addresses for sale today.

17 minutes ago

Popular Meme Coin Holders on the BSC Chain are still generally sitting on unrealized gains, with only "Binance Life" seeing the average holding price of large holders drop below $0.15.

On November 18th, according to the monitoring of GMGN (accessible via https://t.me/gmgnaibot?start=i_m4TE56o8), although funds are continuously flowing out on the BSC chain, popular meme coins like "Hakimi," "4," and "Giggle" still maintain a generally unrealized profit of 4 to 10 times for large holders (TOP 10). The majority of the TOP 10 holding addresses of meme coins account for more than 50%. However, only "Binance Life" has seen its current price fall below the TOP 10 holding average price of $0.151 and is currently trading at $0.138. At the same time, the average cost of the top hundred addresses holding the coin is around $0.147, indicating that the vast majority of addresses still holding the coin are currently in a loss position.

17 minutes ago

Analyst: Investors are now shifting to a risk-off mode, reducing overall risk exposure. The Federal Reserve meeting minutes and NVIDIA's financial report will impact the short-term direction.

On November 18th, Cryptoquant analyst Axel posted on social media, indicating that the current stock market volatility is increasing in tandem with the rate/credit market volatility, suggesting that the market is transitioning to a risk-off mode. In such an environment, funds and institutional investors are beginning to significantly decrease their portfolio risk exposure. The price of gold has been on a four-day consecutive decline and is currently retreating to the $4,033 level. Investors are closely observing several U.S. economic data releases that are scheduled for this week. The key driving force will be the Federal Reserve meeting minutes, which are set to be released at 3 a.m. on Thursday (Beijing time). This will not only provide forward guidance on the interest rate path but also help the market assess the short-term trajectory of monetary policy. In addition, the artificial intelligence sector is adding more pressure to the market. Before Nvidia's third-quarter earnings r

17 minutes ago

Mastercard Partners with Polygon to Build New Cryptocurrency Transfer System

On November 18th, as per Coindesk, Mastercard has selected Polygon to establish a new encrypted transfer system. This system enables cryptocurrency transfers by using a readable username rather than complex wallet addresses. According to a press release from Mastercard, its "Cryptographic Proof" technology has standardized blockchain address verification. It achieves this by creating human-readable aliases for verified users. The encrypted payment API company Mercuryo will be in charge of identity verification and alias issuance, allowing users to bind these aliases to their self-hosted wallets. This model emulates the operation logic of applications that utilize usernames instead of bank account information for transfers. In such applications, the system assigns a unique name that can be linked to a wallet for users. Users can also apply to generate credential tokens on Polygon, indicating support for wallet verification during transfers and assisting applications in completing cred

17 minutes ago

Yi Li Hua: Currently maintaining spot position unchanged, still considering $3000-3300 as the spot bottoming zone

On November 18th, Chris Li, the founder of Liquid Capital (formerly LD Capital), posted on social media: "In the first half of the year, I began to buy the dip at $1800, and it finally dropped to $1350. I advocated buying the dip around $1450, and I sold out around $4500 to take profits. Later, the price rose to $4700. No one can perfectly buy the lowest dip and sell at the highest peak. This time, I suggest buying the spot at $3000 - $3300 and not using contracts. The situation is still uncertain. In these few days, there were changes in Japan's interest rate hike, the U.S. interest rate cut, the AI bubble, and the U.S. economy, resulting in a stock market decline, causing ETH to briefly drop below $3000. However, we hold our spot position. Once again, I remind everyone that the spot market in the cryptocurrency circle is volatile enough. Non-professional players should not participate in futures trading. After observing these days, as the U.S. stock market continues to decline, crypt

17 minutes ago

A certain Whale Address withdrew 20,726 ETH from a CEX in the past 2 hours

On November 18th, as monitored by on-chain data analyst Yu Jin, a whale address withdrew 20,726 ETH (approximately $62.5 million) from OKX and other exchanges within the past 2 hours, with an average withdrawal price of $3,015. Previously, in October, it sold 10,000 ETH (approximately $38.96 million) at a price of $3,896 through OKX and other exchanges.

17 minutes ago