✅Bitcoin Witnesses Historic Whale Exodus: What You Need To Know

Bitcoin Whales’ Impact: Unveiling The Numbers

In a remarkable revelation, the research highlights the substantial impact of whales on recent market activity. According to the data, “34% of sell pressure in the last 30 day was from Binance whales.” These influential entities have been instrumental in shaping the recent market dynamics.

Moreover, the research also highlights a trend in whale behavior: a noteworthy decline in the total balance of whale entities on exchanges. In the last 30 days, the report states, “Whale Flow to Exchanges witnessed the largest monthly balance decline in history, hitting -148,000 BTC/month.” This dramatic decline marks a significant shift within the whale cohort, raising intriguing questions about their motives and strategies.

As the market witnessed the rally above $31,000, the influx of whale funds to exchanges surged remarkably. Glassnode’s data reveals that whale inflow volumes reached an impressive +16,300 BTC/day, signifying their active involvement in recent market movements. Notably, this whale dominance accounted for 41% of all exchange inflows, which is comparable to both the LUNA crash (39%) and the failure of FTX (33%).

Throughout June and July, whale inflows have sustained an elevated inflow bias of between 4,000 to 6,500 BTC/day. Among all exchanges, Binance emerged as the primary destination for whale inflows. The report discloses that around 82% of whale-to-exchange flows were heading into Binance. In contrast, Coinbase accounted for 6.8%, and all other exchanges account for 11.2%.

While the overall balance of whales may have declined, @CryptoVizArt’s analysis points to intriguing internal dynamics within the whale cohort. As some whales increased their balances, others experienced declines. This phenomenon led the researcher to introduce the concept of ‘Whale Reshuffling,’ suggesting that not all whales follow the same strategy.

The examination of the whale cohort over the last 30 days shows that whales with more than 100,000 BTC have recorded an increase of +6,000 BTC, whales with 10k-100k BTC have decreased their account balance by -49.0k BTC and whales with 1k-10k BTC have increased their account balance by +33.8k BTC. However, in aggregate, the whale group has seen just -8.7k BTC in net outflows.

Short-Term Holders: The Driving Force

The research also sheds light on the dominance of short-term holders (STHs) among the whale entities. The data indicates that STHs represent a significant portion of recent trading activity, actively trading the market. This behavior is evident as market rallies and corrections lead to notable upticks in profit or loss among this group.

Short-Term Holder (STH) Dominance across Exchange Inflows has exploded to 82%. This is drastically above the long-term range over the last five years (typically 55% to 65%). “From this, we can establish a case that much of the recent trading activity is driven by Whales active within the 2023 market and thus classified as STHs”, states the analyst. Each rally in 2023 has seen heightened profit taking.

BTC whale transactions can therefore currently be a good indicator. However, special attention also needs to be paid to the STHs, which will eventually run out of bullets at some point.

At press time, the BTC price stood at $29,203.

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✅RESULTS OF THE FIRST YEAR OF OPERATION OF THE ONLINE PLATFORM HENBBO

One year has passed since the launch of the online platform of the Henbbo Fund. Prior to this, our company had significant experience in the field of crypto investments, operating in the crypto market since 2014.

The launch of the online platform marked a completely new and more sophisticated level of operation for us and our investors. Thanks to it, anyone from any country can start earning with us in the crypto market.

Despite the challenges faced by the crypto industry during this and the previous years, the Henbbo Fund has shown significant growth in the number of its investors. Currently, the total number has exceeded 730,000, which is more than twice the number from a year ago.

Henbbo's implemented consistent and balanced business plan allowed the company to increase investment sizes and staking rewards volumes despite the financial crisis. Currently, the total amount of payouts has exceeded $160 million.

For example, an investor who opened a $1,000 Classic staking plan with a daily yield of 1.65% one year ago (approximately 260 working days) would have received a profit exceeding 400% –
1.65% * 260 * $1,000 = $4,290

By using a more advantageous Premium plan and depositing $3,000, the same investor could have achieved a profit of over 600% over the same period –
2.4% * 260 *$3,000 = $18,720

The most profitable investment for an investor was staking under the "Included" conditions for all tariff plans. For instance, investing $5,000 a year ago on these terms in the Premium package would have yielded a net profit exceeding the costs by more than 32 times!
12.4% * 260 * $5,000 = $161,200

Be successful and start earning with Henbbo right now!

Henbbo - Smart investments will change your life!

✅Our Zoom International Team Call w/ CEO Denis Milanovskiy | THE COMPANY IS EXPANDING!

https://www.youtube.com/watch?v=C1qlol-bCI8

✅XRP Price Analysis: Bull Flag Flashes As Whales Hit New High

XRP Whale Wallets Reach New Heights

According to an on-chain data analysis by Santiment, a leading market intelligence platform, the number of whale wallets holding a substantial 100 million or more XRP has witnessed a significant increase recently, now standing at an impressive 199. These whales, each commanding a minimum value of $74 million, have been closely observed over the past year, exhibiting strategic buying and selling patterns that impact XRP’s price movements.

This recent surge in the number of whales is a noteworthy milestone, matching the highest figure recorded since May 13. The Santiment chart below shows in detail the distribution patterns of these whales over the past year. As of July 2022, when XRP was trading below $0.40, 200 whales were in accumulation mode. However, they sold when XRP exceeded $0.50 within three months.

Similarly, whales resumed accumulation between December and March 2023 when XRP was trading at $0.41. In April, a larger number of the whales sold their XRP again, bringing the number back below 200. Currently, the beginning of a new accumulation phase could be imminent, as Santiment shows.

Bull Flag Heralds New Rally

The recent meteoric rise in XRP’s price following the Ripple vs. SEC summary judgment has led to the formation of a bullish chart pattern known as the bull flag. This pattern consists of two rallies separated by a brief period of consolidating retracement. The initial rally comes to a pause through profit-taking, leading to a tight trading range as buyers and sellers find equilibrium.

XRP investors have to keep a close eye on the crucial price levels of the bull flag that could determine the future trajectory of the cryptocurrency. To the downside, the $0.685 mark is critical, representing the 23.6% Fibonacci retracement level. Holding above this level is crucial for maintaining the consolidation trend. If the lower end of the range is broken, a deeper correction could be imminent, with potential targets at $0.64 and $0.59.

To the upside, XRP faces resistance at $0.845. Breaking above this level could trigger another sharp rally, though it might require a catalyst, either from the ongoing Ripple case or the broader crypto market, to achieve such a breakout. The closest target would then be the 38.2% Fibonacci retracement level where the impulsive rally following the Ripple ruling ended. Besides the psychologically important $1 level, the next bullish price targets would then be $1.13, 1.33 and $1.61.

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✅THE HNBB BLOCKCHAIN'S TOKENOMICS SECTION IS NOW AVAILABLE ON THE HENBBO PLATFORM.

We are pleased to announce that the tokenomics section of the HNBB blockchain is now available for viewing on our website (https://henbbo.com/token). By familiarizing yourself with its contents, you will be able to grasp the essence of our token economy and the fundamental principles underlying the entire HNBB ecosystem.

The HNBB blockchain is based on the Proof-of-Stake protocol with support for smart contracts. It represents a decentralized development platform and aims to provide an ideal environment for DApps (decentralized applications).

The tokenomics section describes key technologies, such as sharding and cross-platform bridge, which form the foundation of our blockchain. All these innovations are used to improve scalability and reduce costs for developers and end-users.

The HNBB network provides rewards for validators, stakers, and developers. Transaction fees are charged for executing transactions. You can find more detailed information in the tokenomics section on our platform.

Additionally, we have provided a detailed description of the distribution of the HNBB coin within the ecosystem. Token holders contribute to the network's security and contribute to the overall growth and development of the ecosystem by using the staking pool.

Our tokenomics section serves as a valuable resource for investors and anyone who wishes to gain a comprehensive understanding of the HNBB blockchain and token.

Henbbo - Smart investments will change your life!

✅Why Is the Crypto Market Down Today?

From June 15 onwards, there has been a significant increase in TOTALCAP.

By June 20, it moved beyond a descending parallel channel and managed to break through the resistance zone of $1.15 trillion after 10 days.

On July 13, it nearly reached a new yearly high. But, it experienced a sharp decline immediately afterward

If TOTALCAP breaches this level, it is expected to decrease further towards the next support at $1.05 trillion. However, if there’s a rebound, TOTALCAP has the potential to rise to $1.50 trillion.

Bitcoin (BTC) Tries to Initiate Bounce

Starting from July 13, the BTC price has declined after being rejected at the resistance line of an ascending parallel channel. This resulted in the price reaching a low of $29,512 on July 18.

Following the drop, a rebound confirmed the validity of the channel’s support line and the horizontal support area at $30,000. However, the price has not displayed a strong upward movement.

If there is an upward movement, there is a chance for the price to increase toward the channel’s midline and potentially reach the resistance line at $31,500.

On the other hand, if the BTC price breaks down, it is expected to drop to $29,100. The 0.382 Fibonacci retracement support level establishes this support level.

Hedera (HBAR) Falls but Still Trades Above Support

The Hedera (HBAR) price has increased since creating a higher low on July 7. The rate of increase accelerated afterward, leading to a high of $0.061 on July 20.

While the price has fallen since, creating a long upper wick , it still trades above the $0.054 horizontal support area. As long as it does, the trend remains bullish.

✅Cardano (ADA) Price Action Points To Potential Trend Reversal

Cardano (ADA) Price Analysis

Cardano enthusiasts have had their patience tested as the ADA price navigated through a series of ups and downs. Following a dip to $0.221 in June, Cardano embarked on an impressive 48% rally, fueled in part by positive sentiment stemming from the Ripple legal dispute with the SEC. During this period, the price surged to the 61.8% Fibonacci retracement level, sparking excitement among the bulls.

However, enthusiasm soon waned as the buy side struggled to stabilize above the 200-day EMA (blue). ADA subsequently corrected back to the crucial breakout level at $0.30, where the bulls regained their footing and lifted the price above the EMA50 (orange).

Bullish ADA Price Targets

For the short-term outlook to brighten further, ADA needs to overcome some important hurdles. The first key resistance is at the 38.2% Fibonacci retracement level, sitting at $0.328. A successful push beyond this level could open the path for an attack towards the $0.355 mark, where the 200-day EMA poses its most significant challenge.

However, an impulse from the broader crypto market, Bitcoin or also more positive news from the Ripple legal battle with the SEC is probably required for this. Only when the buy side can recapture the 200-day EMA on the daily closing price, the probability for a near-term trend reversal increases significantly.

A sustained break of the 61.8% Fibonacci retracement level at $0.38 is essential for a true bullish trend reversal. This milestone would increase the probability of revisiting the previous week’s high. For this, a breakout above the critical zone between $0.361 and $0.38 would be a trend reversal for the bulls.

If successful, the ADA price could eye the local high of $0.399. Then, the next target becomes the 78.6% Fibonacci retracement level at $0.415. Here, the fate of Cardano’s upward trajectory will be decided, with a potential push towards the April 15 annual high of $0.463. However, prudent investors should be prepared to take profits if ADA approaches this level.

Beyond this point, an ongoing bullish scenario opens up possibilities to target the local high of September 10, 2022, at $0.524. And if the bullish momentum remains robust, the high of August 2022 at $0.590 could become the next objective.

Bearish Price Targets

While the upward trend is evident, a sustainable market structure change is not yet confirmed. The bears showed their presence on July 15, holding the ADA price below the “bear market line” represented by the 200-day EMA. However, the recent 21% correction saw the buy side reclaim control, at least for the time being.

To initiate another sell-off, the bears need a daily close below the 50-day EMA at $0.311. Until that happens, the bulls can feel relatively secure in their position. A failure to do so may lead to a retest of the support zone between $0.30 and the 23.6% Fibonacci retracement at $0.296, with further correction potential towards the $0.266 support area.

The Relative Strength Index (RSI) initially surged to 72 but has since settled into the neutral zone at 54. Generating a fresh buy signal will be crucial for a massive price increase, as an overheated RSI typically accompanies substantial rallies. On a positive note, the MACD indicator triggered a new long signal by crossing above the 0-line, adding to the short-term optimism.