According to BitInfoCharts, the Bitcoin 'whale' in question was the 14th largest Bitcoin holder, with a total of $1.2 billion worth of BTC under their control until mid-March.
On Wednesday, investors will closely monitor two key events: the release of the latest U.S. Consumer Price Index, which provides insights into the current inflationary trends, and the occurrence of the Shanghai 'hard fork,' a significant development in the cryptocurrency market.
As bullish and bearish storylines intersect, the balances on exchanges may offer the most insightful indications.
Since early Tuesday morning in Asia, over $145 million worth of short positions on Bitcoin prices have been liquidated.
One analyst found it challenging to identify the exact cause of the hour-long surge, but there has been a recent boost in investor confidence regarding the cryptocurrency's future prospects since the banking crisis of last month.
The 20% year-on-year growth in market capitalization can be attributed primarily to Tether's aggressive issuance on Tron, a competing blockchain to Ethereum.
The decrease signifies a resurgence in risk-taking behavior among investors in the cryptocurrency market.
Previously, Elon Musk, the CEO of Twitter, has demonstrated his appreciation for the meme cryptocurrency.
Investors were drawn to EthereumMax and the EMAX token because they made a lot of promises and had cool names. But has it come through?
The expensive auction on OpenSea is a continuation of a pattern whereby celebrity estates are creating blockchain-based posthumous collectibles.