Bitcoin

Read

Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) whale activity has dropped while the asset’s price surged to $35,000, with short positions still dominating.&nbsp; 
According to data from the market intelligence platform Santiment, <a href="https://crypto.news/bitcoin-slides-amid-decrease-in-whale-transactions/">whale</a> transactions of at least $100,000 worth of BTC declined by 7.8% over the past 24 hours — dropping from 5,506 transactions to 5,077.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="347" src="https://crypto.news/app/uploads/2023/11/Bitcoin-BTC-13.01.17-08-Nov-2023-1024x347.png" alt="Bitcoin price surpasses $35k again despite whale activity drop - 23" class="wp-image-14213382">
 <figcaption class="wp-element-caption">
 BTC price, Binance funding rate, open interest and whale activity – Nov. 8 | Source: <a href="https://app.santiment.net/charts/8ldhlj95__sCl" target="_blank" rel="noopener">Santiment</a>
 </figcaption>
</figure> 
The decline comes as the top 13 <a href="https://crypto.news/miners-sold-more-bitcoin-than-minted-in-october/">Bitcoin miners sold</a> 5,492 coins — more than the number of BTCs mined in October, per a report on Nov. 7. The selloff came as the asset’s price noticed significant gains over the past three weeks.&nbsp; 
 You might also like: <a href="https://crypto.news/binance-related-tokens-see-price-surge-ahead-of-blockchain-week/"> Binance-related tokens see price surge ahead of blockchain week </a> 
Moreover, according to Santiment, Bitcoin’s total open interest on all exchanges slightly declined from around $7.3 billion to $7.2 billion over the past day.&nbsp; 
While the Binance funding rate for BTC stands at 0.01%, suggesting the domination of short position holders until further price movements, the exact amounts of short and long positions are still not clear, per data provided by Santiment. 
Bitcoin is up by 0.95% in the past 24 hours and is trading at around $35,300 at the time of writing. It’s important to note that the BTC price witnessed a daily local low and high of $34,545 and $35,505, respectively. 
Furthermore, Bitcoin’s market cap is over $689 billion, with a 51.8% market dominance. The asset’s 24-hour trading volume rose by 42%, reaching $18.7 billion.&nbsp; 
On the other hand, data provided by Santiment shows that the BTC price-daily active addresses (DAA) divergence declined to negative 25.89%. The market intelligence platform suggests that a price DAA divergence below zero could indicate a “sell” signal, as the market might be driven by big whales.&nbsp; 
 Read more: <a href="https://crypto.news/xrp-trends-on-social-media-and-overtakes-bnb-as-indicator-lights-green/"> XRP trends on social media and overtakes BNB as indicator lights green </a>

Bitcoin price surpasses $35k again despite whale activity drop

crypto.news

发布于 2023年11月8日的其他文章

Hon’ble MoS Rajeev Chandrasekhar Joins India’s Most Impactful Tech Event – DATE (Digital Accelera...

U.S. Senator introduces bill to uphold self-custody rights for cryptocurrency owners

Riot Platforms Sees Surge in Bitcoin Production and Technological Advancements

Ex-Cantor Fitzgerald executives launch a Spot BTC ETF lending platform

HSBC and Metaco launch a digital asset custody service!

OKX Wallet Joins Forces with Reserve Protocol, Offering APR Boost on Staked ETH and ETH+

订阅我们免费的电子期刊，获取每日最新加密领域动态！