Whales hold steady: On-exchange Bitcoin supply stagnates despite rally past $11k

BTC $10,978 (+1.4%) • ETH $319 (-0.8%) • XRP $0.232 (+4%)

The investor sentiment surrounding Bitcoin has been completely altered by the price action seen throughout the past few days.

Since the start of May, the benchmark digital asset had been caught within a consolidation phase between $9,000 and $10,000 for an extended period. This range eventually narrowed to between $9,100 and $9,300.

Last week, however, bulls were able to shatter this range, catalyzing a movement that would eventually lead BTC as high as $11,400.

Despite recent uptrends being met with heavy selling pressure from so-called Bitcoin “whales,” this latest uptrend differs from those seen previously.

On-chain data reveals that these large investors aren’t selling their crypto just yet, which may be an indicator that this rally has further room to extend.

Read the full story here ➡️


More news ⏬

Ethereum Foundation releases testnet staking tool as ETH2 draws close

Ethereum Foundation releases testnet staking tool as ETH2 draws close

Just two weeks ago, there were uncertainties about whether or not Ethereum 2 (a.k.a.

2 min read →


Thanks to our premium sponsors

⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees.

⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising.


XRP needs to rally over 1,500% to reach its all-time high of $3.50

XRP needs to rally over 1,500% to reach its all-time high of $3.50

After months of stagnation, crypto bulls are back.

2 min read →


Cardano (ADA) price dips despite confirmation of imminent Shelley hard fork

Cardano (ADA) price dips despite confirmation of imminent Shelley hard fork

Cardano (ADA) saw its price dive today alongside most other altcoins.

2 min read →


Maker becomes first DeFi platform to lock over $1 billion, but concerns remain

Maker becomes first DeFi platform to lock over $1 billion, but concerns remain

The DeFi market got its first unicorn this week; if the total value locked (TVL) in assets on a platform is considered.

2 min read →


Charles Hoskinson lays down August plans for Cardano (ADA)

Charles Hoskinson lays down August plans for Cardano (ADA)

Charles Hoskinson, the CEO of IOHK, discussed in detail what the next month will have in store for Cardano (ADA).

5 min read →


Crypto fund expecting “99%” Chainlink (LINK) drop remains controversial

Crypto fund expecting “99%” Chainlink (LINK) drop remains controversial

Due to its extremely strong price performance over recent months, Chainlink (LINK) has naturally drawn quite a bit of attention to itself from all corners of the cryptocurrency industry.

2 min read →


Bitcoin’s explosive rally liquidates over $300M; Strikes major blow to bears

Bitcoin’s explosive rally liquidates over $300M; Strikes major blow to bears

Bitcoin has been subjected to some immense volatility throughout the past few days that ultimately allowed it to set fresh yearly highs earlier today.

2 min read →


Crypto market data

For more pertinent market data, please see:

🌚 Cryptocurrency Rankings

📈 Biggest Gainers - 24h

📉 Biggest Losers - 24h

💰 Highest Volume - 24h

🆕 Recently Added Coins


Connect with us


Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.