DeFi Daily News
Friday, June 6, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Bitcoin

rewrite this title with good SEO Key Bitcoin Stakeholders Unload Over $8,500,000,000 Worth of BTC in Just 48 Hours, Says Analytics Firm Santiment | Coin Media

News Room by News Room
December 9, 2024
in Bitcoin
0 0
0
rewrite this title with good SEO Key Bitcoin Stakeholders Unload Over ,500,000,000 Worth of BTC in Just 48 Hours, Says Analytics Firm Santiment | Coin Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

A prominent crypto analytics firm says one of the most important Bitcoin investor cohorts is unloading BTC at a rapid rate.

Santiment says on the social media platform X that Bitcoin miners offloaded over $8.55 billion worth of BTC in just two days, representing the largest distribution of the last 10 months.

While Bitcoin miners are heavily unloading their BTC stacks, Santiment notes that other deep-pocketed investors are picking up the slack.

“Bitcoin’s collective mining balances have been dropping since April 2024.

However, this latest drop of 85,503 BTC in just 48 hours is the most extreme we’ve seen since late February (two weeks before the then $73,000 all-time high).

Note that these wallets have NOT been correlative with price for most of this year. Overall, non-mining whales and sharks are still accumulating. Consider this a net-neutral signal for the time being.”

Looking at Bitcoin’s current price action, the analytics firm says BTC appears to be trading in tandem with the S&P 500 (SPX). According to Santiment, breaking the price correlation between stocks and Bitcoin will bode well for BTC.

“After crypto’s ‘Trump Pump’ has settled down over the past two weeks, Bitcoin has began to range in close correlation with the S&P 500.

In fact, most of the year has seen a fairly tight bond between the two, with BTC often being memed about being a ‘high leveraged tech stock’ by cryptocurrency traders.

Regardless, pay attention to a more mid or long-term break between crypto and equities. If this correlation begins to weaken, it would be a bullish signal.

Historically, crypto has flourished when there is little to no reliance on world stock markets.”

At time of writing, Bitcoin is trading for $99,856.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Follow us on X, Facebook and Telegram

Generated Image: DALLE3

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AnalyticsBitcoinBTCcoinFirmGoodhoursKeymediarewriteSantimentSEOstakeholderstitleUnloadWorth
ShareTweetShare
Previous Post

rewrite this title eToro and Centroid Continue Middle East Expansion with Local Products | Coin Media

Next Post

rewrite this title Altcoins Primed for Massive Upward Run, According to Crypto Analyst Michaël van de Poppe – Here’s His Outlook | Coin Media

Next Post
rewrite this title Altcoins Primed for Massive Upward Run, According to Crypto Analyst Michaël van de Poppe – Here’s His Outlook | Coin Media

rewrite this title Altcoins Primed for Massive Upward Run, According to Crypto Analyst Michaël van de Poppe – Here’s His Outlook | Coin Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
Can I buy A House With Crypto? RWA DeFi Revolution

Can I buy A House With Crypto? RWA DeFi Revolution

April 16, 2025
Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

July 24, 2024
Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

September 18, 2024
rewrite this title with good SEO What Bitcoin Indicators Predict For Q3 2025?

rewrite this title with good SEO What Bitcoin Indicators Predict For Q3 2025?

April 18, 2025
rewrite this title The Ultimate UEFA Champions League Fan Park by Heineken 0.0

rewrite this title The Ultimate UEFA Champions League Fan Park by Heineken 0.0

June 6, 2025
rewrite this title As Lagrange Crypto Token $LA Surges, Climbing 500%, Will Solaxy See Bigger Gains?

rewrite this title As Lagrange Crypto Token $LA Surges, Climbing 500%, Will Solaxy See Bigger Gains?

June 6, 2025
rewrite this title OKX Ventures Invests In Momentum DEX, Supporting Innovation On Sui Network

rewrite this title OKX Ventures Invests In Momentum DEX, Supporting Innovation On Sui Network

June 6, 2025
rewrite this title with good SEO SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold

rewrite this title with good SEO SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold

June 6, 2025
rewrite this title OpenAI Challenges Court Order to Preserve User Data in NYT Lawsuit – Decrypt

rewrite this title OpenAI Challenges Court Order to Preserve User Data in NYT Lawsuit – Decrypt

June 6, 2025
rewrite this title Top Smartphones Under Rs. 15,000 in India (June 2025): Check List

rewrite this title Top Smartphones Under Rs. 15,000 in India (June 2025): Check List

June 6, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.