Dogecoin fell 7% in the past 24 hours, sliding below $0.13 as on-chain data pointed to more than $570 million in whale-linked selling, raising fresh questions about large-holder confidence.
Bitcoin addresses holding more than 1,000 BTC surged during the recent market dip, as large holders accumulated while prices fell, signaling increased confidence or strategic rebalancing among whales.
Bitcoin whales-large holders of BTC-can move markets by creating sudden liquidity gaps, driving volatility and influencing sentiment. Monitoring their on-chain flows helps traders anticipate big price swings.
The accumulation of $1.5 billion worth of Bitcoin by major holders has been seen as USD price wavers. Despite this, the BTC market remains stable and investors remain confident in the asset.