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Bitcoin’s Death Cross Returns: Why Even Whales Are Panicking

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  • A whale lost $2.53M panic-selling 778.5 BTC on Binance after a failed attempt to time the market bottom, highlighting the risk for even large investors.
  • Bitcoin flashed a bearish “death cross” (50-day SMA below 200-day SMA), a technical signal historically preceding extended price downtrends.
  • $1 billion in crypto liquidated in 24 hours, with Bitcoin falling below $77K and altcoins losing over 14% amid recession fears and tariffs.

A bitcoin whale incurred a loss of $2.53 million after misjudging a market bottom, dumping 778.5 BTC ($64.33 million) to Binance. This comes as $1 billion was liquidated from the crypto market in the last 24 hours. Bitcoin, too, retreated from $80K, in tandem with the broader market.

Amidst the market chaos, the large-scale investor accumulated 978.5 $BTC, nearly $84.07 million, last month. The move was likely an attempt to time the bottom, but the whale ended up panic-selling the remaining assets ahead of today’s crash.

The latest BTC dump shows how even big players can’t predict sudden market crashes. Accumulating perceived “bottoms” remains a speculative action in crypto’s liquidity scene. Market observers suggest that BTC’s true test is whether “paper-handed” whales erode its store-of-value thesis or feed volatility cycles.

Adding to the bearish sentiment, veteran trader and analyst Ali Martinez has highlighted a “death cross” on Bitcoin’s daily chart. This happens when a shorter-term moving average (in this scenario, the 50-day SMA) crosses below a longer-term moving average (the 200-day SMA).

Bitcoin
Bitcoin's Death Cross Returns: Why Even Whales Are Panicking 2

Bitcoin’s Deadly Technical Signal Just Flashed

To put it simply, the 50-day SMA dipping below the 200-day SMA indicates that the price trend of the past 50 days is now moving downwards relative to the longer-term trend (the last 200 days). This indicates a potential shift from bullish momentum to bearish.

While this technical indicator may not always be accurate, historically, an emergence of a death cross in major assets like Bitcoin is a precursor to extended periods of price downturn.

$BTC has just flashed a death cross as the 50-day SMA dipped below the 200-day SMA. This technical signal often precedes extended downtrends.

The latest drop is driven by recession fears sparked by tariffs set to take effect on April 9. $BTC has fallen below $77K. Altcoins such as $ETH, $XRP, and $SOL have each lost over 14%. Market cap stands at $2.58 trillion in the last 24 hours. The Fear & Greed Index at 23 denotes extreme fear.

Walrus Explodes with $140M Backing and Mainnet Launch

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  • Walrus secures $140 million from top crypto investors, launches mainnet with Claynosaurz, and triggers a 10% surge in SUI token price.
  • Mysterious whale accumulates $845,000 in $WAL tokens, buying consistently from $0.42 to $0.54, signaling potential long-term confidence.
  • Walrus debuts on major exchanges like Crypto.com and Upbit, with a strategic 4% airdrop distribution and total token supply of 5 billion.

WAL, the native token of the Walrus protocol, is creating a buzz after the mainnet launch and airdrop. The token also secured listings on several exchanges, including Crypto.com, and is soon to be listed on Upbit, attracting both users to trade and liquidity to the protocol.

Walrus, a decentralized storage platform by Mysten Labs, is designed to be cost-effective programmable storage for NFTs, AI data, and more. It recently rolled out its Mainnet in partnership with Claynosaurz, a Web3 animation brand, to enhance user experiences with dynamic, interactive content. This news led to SUI’s price jumping 10%, from $1.50 to $1.65 in just a few hours.

Built on the Sui Network with a smart contract, the storage platform raised $140 million from Standard Crypto and a16z for a high-speed storage network. The project’s integration with the SUI blockchain has drawn comparisons to a ‘Filecoin meets Celestia’ scenario. It needs to be noted that $WAL is utilizing SUI’s “Move” programming language, for secure and efficient asset management, a key component in a decentralized storage system.

Walrus: Whale Accumulates $845K in $WAL, Eyes Post-Airdrop Pump

Besides Walrus’s mainnet launch, the token drop occurred on 25 March 2025, meaning the project is still in development. The total supply of $WAL tokens will be 5 billion. 10% of the total supply is allocated for users. 4% of this was distributed through an $100M airdrop to eligible users.

Walrus
Source: @0xEdle

Meanwhile, on-chain researchers have identified a whale on a buying spree. The wallet holder 0xf7c2...e634 has been consistently buying $WAL tokens over a period, initially when the price was around $0.42, and continued even when the price surged to $0.54. The accumulated $WAL tokens, valued at around $845,000 (still growing), are being moved in small transactions to another wallet.

Market observers speculate that the accumulated tokens could reduce the available supply, potentially triggering a price surge once the airdrop selling pressure subsides. This is often interpreted as a bullish signal and reinforces the long-term potential of the Walrus token.

Cardano Whales Are Stacking 2.35% of the Supply

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  • Cardano defies the market downturn with an 11% price surge, showcasing its resilience.
  • Whales and sharks accumulate 1.41B ADA since November 2023, adding 2.35% to their holdings.
  • Anticipation of a spot ADA ETF fuels optimism, potentially driving the price to $3 and higher.

Cardano has weathered the market downturn to post an 11% price surge. This rebound comes amidst a largely bearish day for the cryptocurrency market. Adding to the positive momentum, large holders, commonly known as “whales” and “sharks,” have steadily increased their ADA holdings since November 2023.

Data from Santiment revealed that wallets holding at least 1 million ADA have accumulated an extra 1.41 billion coins. This represents 2.35% of the entire Cardano supply. This sustained accumulation trend over the past 15 months, despite periods of significant market volatility, highlights the growing confidence in the Cardano network and its native cryptocurrency, ADA.

Concurrently, as whales accumulate, ADA’s price has recorded a marked increase. As per data, the token’s value has risen by an impressive 107%, since late November 2023. This suggests a correlation between whale activity and price growth. It further reinforces the narrative of large holders playing a crucial role in Cardano’s market dynamics.

Beyond current market performance, community is anticipating about the potential launch of a spot ADA Exchange Traded Fund (ETF). Proponents suggest that such a financial instrument could significantly boost accessibility and demand for ADA, potentially driving its price to $3 and beyond.

Cardano
Source: Max Brown

Cardano ETF on the Horizon could be a Catalyst for Growth?

While the timeline for an ADA ETF remains uncertain, the prospect itself contributes to the optimistic outlook surrounding Cardano.

As earlier reported, NYSE Arcа filеd with thе U.S. Sеcuritiеs аnd Exchаngе Commission (SEC) to list аnd trаdе shаrеs of thе Grayscale Cardano Trust. Thе proposed Cardano ETF filed on Fеbruаry 10, 2025, could be thе first of its kind in the U.S.

This combination of strong price recovery, consistent whale accumulation, and the potential for a spot ETF positions the ninth ranked cryptocurrency to watch in the coming months. However, as with any investment in the volatile cryptocurrency market, investors are advised to conduct thorough research and exercise caution.

Fantom’s Sonic Boom: 19-Month Activity High After 46% Drop

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  • Fantom’s on-chain activity surges after a 46% price drop, with daily active addresses reaching a 19-month high.
  • Whales holding 10M-100M FTM have added 31.5M coins in 4 days.
  • FTM price plunged 60% after the Sonic upgrade due to confusion and FUD among investors.

Fantom (FTM) onchain activity soared after a 46% market cap drop since December 15th. However, recent activity suggests a potential resurgence for the blockchain platform.

Data from Santiment has noted that daily active addresses have reached a 19-month high, indicating a surge in on-chain activity. This increase in engagement is coupled with a significant accumulation of whales. Over the past four days, whales holding between 10 million and 100 million FTM have added a substantial 31.5 million more coins to their wallets, amounting to approximately $23 million.

Market observers attribute this heightened activity to an upcoming upgrade for Fantom. The platform is undergoing a rebranding, transforming into Sonic (S), and its tokens are currently being bridged. This transition has likely spurred increased activity as users and investors prepare for the changes.

Things looked different a month ago. FTM took a major hit dropping by 60% from its all-time high following the highly anticipated Sonic upgrade.

Fantom Plunges Post-Sonic Upgrade Amidst Confusion and FUD

It seems the initial excitement might have been tempered by some confusion and uncertainty. Analysts attribute the decline to a combination of factors, including widespread FUD (fear, uncertainty, and doubt) within the community.

Fantom
Source: Hekmachine

A major factor behind the sell-off is the reluctance of a large number of FTM holders to bridge their tokens to the new Sonic network. This hesitation arose from concerns surrounding the migration process and the potential for complications with cryptocurrency exchanges. Adding to the confusion, some exchanges have mistakenly used the term “delisting” instead of “migration,” further alarming investors.

The overall uncertainty surrounding the transition has created a negative sentiment within the FTM community, leading to a sharp decline in the token’s value.

The transformation of FTM into S with the Sonic upgrade is anticipated to be a significant catalyst for decentralized finance (DeFi) on the platform. With the upgrade, users can expect blazing-fast transaction speeds and a thriving ecosystem.

Dogecoin Whales Buy 210M $DOGE During Recent Price Correction

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  • Dogecoin whales accumulate 210M DOGE tokens during the recent price dip, indicating strong bullish sentiment.
  • These large investors are capitalizing on the current market conditions to acquire DOGE at a discounted price.
  • While the long-term outlook for DOGE remains positive, traders are advised to exercise caution in the short term due to high volatility and the potential for losses.

Amidst a volatile crypto market, Dogecoin whales have scooped up large positions totaling 210 million DOGE tokens. This influx of funds during the recent price correction has sparked renewed interest in the popular meme coin.

Market analyst Ali noted that whales have capitalized on the recent price dip to accumulate DOGE at a discounted price. On-chain data shows that a single whale address acquired 100 million $DOGE in a single transaction. Additionally, multiple other whale addresses have been actively accumulating the coin, further solidifying the bullish sentiment surrounding DOGE.

These strategic moves by such large investors suggest that the cryptocurrency is undervalued and poised for a potential uptrend. Additionally, the surge in buying pressure from whales can help stabilize the price fluctuations of $DOGE and may even contribute to a potential price rebound.

Future Outlook for Dogecoin

While the recent whale activity has generated excitement, it’s crucial to remember that the long-term success of DOGE will depend on a variety of factors, including community support and broader market trends.

However, some analysts are urging restraint in the current market conditions. Over time, we expect the meme coin to appreciate in value, but the short-term outlook is characterized by significant volatility and potential losses.

Dogecoin
Dogecoin Whales Buy 210M $DOGE During Recent Price Correction 7

Market analysts warn that attempting to time the market within this range could result in substantial losses. Instead, a more prudent strategy for most investors would be to maintain a long-term “hold” position.

The current price range is characterized by frequent price fluctuations, making it difficult to predict short-term trends. This volatility can lead to sudden and significant price drops, catching unsuspecting traders off guard.

While Dogecoin’s underlying technology and community support continue to grow, it’s essential to approach trading with a disciplined and risk-management mindset. By avoiding impulsive trades and focusing on the cryptocurrency’s long-term potential, investors can position themselves for future gains.

Shiba Inu’s Shift To Bullish Terrain: Here’s Why

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A day after the initiation of the first spot ETF, Shiba Inu embarked on a bullish trajectory, signaling the commencement of a bullish market phase. This shift was evident as the meme token successfully shed a zero from its market price, a pivotal milestone historically linked to significant bull runs for SHIB. Another noteworthy aspect contributing to this bullish sentiment was the discernible movement of large holders, commonly known as whales.

According to recent data obtained from prominent on-chain platform Lookonchain, a substantial outflow of SHIB tokens from Binance was identified. Over the past month, four significant wallets managed to amass a total of 2.39 trillion SHIB, equivalent to $24.15 million and subsequently withdrew these assets from various exchanges.

Shiba Inu
Shiba Inu's Shift To Bullish Terrain: Here's Why 9

A detailed examination of the data unveiled specific whale movements. An anonymous wallet identified as 0x03A6 amassed 136.86 billion SHIB, equivalent to 1.38 million dollars, from Binance within the last 30 minutes. Another wallet, 0xF633, accumulated 1.44 trillion SHIB, corresponding to $14.54 million, from Binance and Gateio over the past three days.

Wallet 0xa656 accumulated 237.87 billion SHIB, amounting to $2.4 million, from Binance approximately 19 days ago. Additionally, Tron Founder Justin Sun was noted to have acquired $577 billion SHIB, equating to $5.82 million, from Binance around 20 days ago.

Shiba Inu’s ETH Incineration

The significance of these transactions lies in the fact that cryptocurrency whale behavior often serves as a precursor to emerging trends and price fluctuations within the crypto markets. As of the present moment, the mentioned cryptocurrency address holds a substantial 136,865,983,865.07 Shiba Inu tokens, constituting 89% of the whale’s overall crypto portfolio. This recent move aligns with three other notable whales exhibiting a similar trend.

Furthermore, the official team affiliated with Shiba Inu recently declared the intentional burning of a noteworthy quantity of Ethereum tokens [ETH]. This revelation was communicated through a post on the Shib account on platform X, disclosing the deliberate burning of 200 ETH over the course of a month.

Ethereum Top 10 Whales Flock To Self Custody

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Ethereum’s top 10 largest holders’ wallets are displaying a noteworthy trend, as reported by Santiment, a prominent data aggregator. The wallets associated with exchanges have experienced a decline, reaching 8 million ETH, marking the first instance in 24 weeks and hitting a 6-month low. In contrast, non-exchange wallets have surged to an unprecedented high, reaching 41.03 million $ETH. This shift suggests a growing trend among whales to transfer more coins into self-custody.

Ethereum
Ethereum Top 10 Whales Flock To Self Custody 11

This development carries significance as whales currently control 52% of Ethereum’s circulating supply, reinforcing the thesis that it may positively impact the price of ETH. Notably, this movement aligns with a slight uptick in the trajectory of ETH prices after a recent 5% drop. Despite this, the leading altcoin is maintaining its position above the crucial $2,000 level.

The observed trend also coincides with the Ethereum Foundation’s recent transfer of $2 million worth of ETH. The Ethereum Foundation, the organization behind the creation of the ETH blockchain, has executed similar transfers in the past. Notably, they moved 1,000 ETH to the same multi-signature wallet almost three months ago and another 1,000 ETH about six months ago.

The purpose behind these transactions remains unclear, and there has been no official commentary from any Ethereum representative regarding their intent. The altcoin remains a focal point of discussion concerning the issue of staking centralization.

Vitalik Buterin’s Blueprint for Ethereum Staking Enhancement

Not long ago, ETH co-founder Vitalik Buterin emphasized the need to revamp Ethereum’s staking process to enhance the efficiency of mining and staking pools, aiming ultimately to increase the platform’s decentralization. He emphasized the upcoming Ethereum Improvement Proposal [EIP] 4844, commonly referred to as Danksharding, anticipated to notably increase the data map space to 16 Megabytes per slot.

Buterin also suggested a fresh voting mechanism to govern future alterations in the ETH network. This system is designed to offer a more democratic and less intrusive process, potentially removing the necessity for hard forks.

Bitcoin Touches 17-Month Peak Amid Whales & Utility Surge

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The price of Bitcoin skyrocketed to a significant milestone, hitting $35.2K today, a level not seen since May 2022. This historic achievement was propelled by a series of noteworthy events in the cryptocurrency market. Whale transactions, a key indicator of large trades made by influential investors, surged, reflecting a robust on-chain movement and hinting at a sustained upward trajectory. Additionally, a surge in active addresses, reaching levels reminiscent of October 2nd, provided further evidence of the cryptocurrency’s growing popularity and utility.

An intriguing development was the movement of dormant Bitcoins following the price surge. This movement caused the average age of coins to decrease, adding fuel to the already bullish sentiment prevalent in the market. These collective factors suggested that the recent surge in BTC’s price might just be the tip of the iceberg, indicating the potential for a prolonged bullish trend.

Bitcoin
Bitcoin Touches 17-Month Peak Amid Whales & Utility Surge 13

Adding to the excitement was the prevailing enthusiasm surrounding Exchange-Traded Funds [ETFs] in the United States. Stephan Livera, a renowned BTC podcast host and Head of Education at Swan Bitcoin, expressed his belief that the ongoing rally was merely a prelude to a massive bull run, predicting a peak value of approximately $500,000. Livera highlighted the significance of the approval of a spot Bitcoin ETF, stating that it would significantly impact Bitcoin’s price dynamics.

The recent surge in BTC’s price, fueled by the ETF frenzy, led to a temporary 10% spike, driven in part by a false report suggesting the approval of BlackRock’s iShares Bitcoin ETF application by the Securities and Exchange Commission [SEC]. Despite this setback, speculations surrounding an eventual ETF approval continue to circulate, keeping market analysts on the edge of their seats.

Bitcoin’s 75% Rise Post ETF Launch- Expert

Galaxy Digital research associate Charles Yu delved into the potential impact of Bitcoin ETFs on the market. He estimated the total addressable market size for BTC ETFs to be a staggering $14.4 trillion within the first year post-launch. Yu’s analysis considered the potential price impact of fund inflows into Bitcoin ETF products, using gold ETFs as a baseline comparison. According to his projections, BTC’s price could experience a 6.2% increase in the initial month after the ETF release and would gradually stabilize at a 3.7% monthly increase by the twelfth month post-launch.

These developments, coupled with expert analyses and market speculations, paint an exciting picture of the future trajectory of Bitcoin’s price, indicating the potential for further growth and a sustained bullish trend in the coming months.

Chainlink Whales Scoop Up 4M LINK Worth $24M In 10 Days

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A prominent crypto analyst, Ali, has recently disclosed that Chainlink whales have acquired significant LINK over the past 10 days, resulting in an aston­ishing total of $24 million. To support this claim, Ali shared a scree­nshot of the LINK/USD daily chart, showing a steady rise in the crypto token’s value during that period with a minor corre­ction.

Re­markably, these purch­asing activ­ities coincided with the news of Chain­link’s succe­ssful compl­etion of a block­chain exper­iment in collab­oration with Swift, an interbank commun­ication system. As part of Swift’s Digital Asset Innovation Program, the experiment facilitated tokenized value movement across multiple private and public blockchains.

This initi­ative strives to explore the potential applic­ations of distr­ibuted ledger techn­ology (DLT) in cross-border payments and secur­ities settl­ement. Notably, Chainlink played a vital role by offering Oracle services to connect Swift’s existing infrast­ructure with different DLT platforms.

According to Santi­ment, a reputable crypto analytics platform, there was substantial growth within Chain­link’s key whale tier during these 10 days. This group holds anywhere between 10,000 and 100,000 LINK tokens and expanded their holdings by incorp­orating over 3,127 wallets into their network. 

In terms of overall supply volume, this repre­sents an increase equiv­alent to 0.154%, totaling approximately $9.6 million worth of LINK tokens. A­dditionally reported by Santiment is that within just three days’ time frame alone, this parti­cular address class added an impre­ssive count of 98 new wallets to their portfo­lio.

Chainlink Founder Hails Tokenization As The Next Frontier Of Finance

Sergey Nazarov, the founder of Chain­link, expressed his enthu­siasm for the potential partn­ership between Chainlink and Swift. In a blog post dated Sept. 8, he highlighted the incre­asing recognition among major financial institutions and leading market infrast­ructures regarding the value of tokeni­zation. 

This signifies a pivotal moment for block­chain adoption in capital markets, with on-chain finance emerging as the new frontier. Curre­ntly, LINK is trading at $6.07, refle­cting a 2.10% decrease over the past 24 hours. During periods of price dips, large holders or “whales” typically take advantage to acquire more tokens at disco­unted prices. 

However, it’s important to note that LINK might face some downside risk as it appro­aches a death cross formation on its daily charts. A death cross denotes when the 50-day moving average falls below the 200-day moving average and is generally regarded as a bearish indic­ator. 

Previous instances have shown that a death cross often precedes a bottoming phase for Chain­link’s price traject­ory. In June, following the occur­rence of a death cross, LINK reached its lowest point at $4.83 before experiencing subse­quent highs of $8.39 within just under one month.

Related Reading | Chainlink’s Key Accumulation: Wallets Holding $10K-$100K LINK Soar

Cardano Whales Unload 1B ADA Tokens In A Week

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Cardano Bearish Signal: Whales Ramp Up Dumping

Cardano whales’ recent activity has sent ripples through the cryptocurrency community. Highlighted by seasoned crypto expert Ali Martinez on the X platform [formerly Twitter], these influential investor groups have significantly increased their selling and redistribution efforts in the past week, moving a jaw-dropping 1.02 billion ADA tokens, equivalent to approximately $265 million based on current market prices. This substantial transfer of ownership could potentially foreshadow heightened volatility within the Cardano network.

Cryptocurrency whales, recognized for their substantial holdings in a particular digital asset, wield significant influence over market dynamics. Consequently, their actions are closely scrutinized by traders and enthusiasts alike, offering valuable insights into market sentiment and potential price trends.

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Cardano Whales Unload 1B ADA Tokens In A Week 15

While it’s not uncommon for large holders to adjust their portfolios, the scale and timing of these recent transfers have captured considerable attention. Not too long ago, these influential entities were actively accumulating ADA tokens, sparking bullish momentum. However, as September arrived, a noticeable shift occurred.

Now, with relatively subdued price movements and whales offloading their tokens, the resulting selling pressure has dampened any previously existing bullish sentiment. The redistribution of ADA tokens could convey various messages. Whales may be rebalancing their asset allocation, securing profits from earlier investments, or positioning themselves for forthcoming developments within the Cardano ecosystem.

Cardano’s Price Prediction In September

As recently reported by TronWeekly, Changelly, a well-regarded cryptocurrency platform, has offered projections for ADA’s price in the near term, suggesting a potential range of $0.235 to $0.280 for the month. The average price for ADA throughout September is estimated to hover around $0.257.

It’s crucial to acknowledge the current climate of heightened volatility in the cryptocurrency market. Many altcoins have experienced substantial price fluctuations within the past 24 hours, underscoring the ever-evolving nature of this crypto landscape.

For Cardano enthusiasts and investors, monitoring the activities of these crypto whales provides invaluable insights into the ecosystem’s overall health and future trajectory. While drawing conclusions solely from such movements should be approached with caution, it underscores the necessity of vigilance and informed decision-making in the dynamic world of cryptocurrency.