NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Fear of Altcoin Drop Hasn’t Halted Ethereum and Crypto Whales From Accumulating

Nick Chong
Nick Chong
5 years ago
2 mins read
bitcoin featured image

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After rallying over 100% from March’s capitulation lows, analysts are expecting a retracement in Ethereum, Bitcoin, and other top cryptocurrencies. They cite simple technical factors showing this market has lost the bullish momentum it had just 10 days ago.

This bearish outlook, however, hasn’t stopped investors with deep pockets from accumulating

Deep Pockets Are Accumulating Ethereum & ERC-20 Tokens

According to data shared by blockchain analytics firm Santiment, the top holders of a swath of cryptocurrencies — Ethereum, Maker, Basic Attention Token, Enjin, Ren, and Kyber Network — have all been accumulating their respective currencies over the past month.

“What has the #1 respective top holder done with their holdings for several key crypto assets over the past few weeks? Short answer: ACCUMULATING,” the firm wrote in reference to the chart below.

Data from blockchain intelligence firm Santiment (@Santimentfeed on Twitter). The chart indicates that holders of Ethereum and large ERC-20 tokens are accumulating at a rapid clip.
Data from blockchain intelligence firm Santiment (@Santimentfeed on Twitter). The chart indicates that holders of Ethereum and large ERC-20 tokens are accumulating at a rapid clip.

As a pertinent side note, data suggests that whales are also increasing their allocations to Bitcoin, making the theme of accumulation a crypto-wide trend.

Altcoins Poised to Drop, Analysts Say

Whales may be rushing to accumulate Ethereum and other leading altcoins, but analysts are currently charting a retracement for the altcoin asset class as a whole.

Josh Olszewicz, a crypto analyst at Brave New Coin, observed on May 15th that Bitcoin’s dominance chart printed a textbook signal of strength: a golden cross.

In the case, Olszewicz pointed out, the 50-day moving average crossed above the 200-day moving average of the Bitcoin dominance chart — which tracks what percentage of the crypto market is made up of BTC. The arrival of the golden cross, the analyst postulated, is a sign that those awaiting an “altcoin season” may be rudely awakened.

Chart from Josh Olszewicz (@CarpeNoctum on Twitter), a crypto analyst at Brave New Coin. Chart is of Bitcoin's dominance printing a "golden cross" formation.
Chart from Josh Olszewicz (@CarpeNoctum on Twitter), a crypto analyst at Brave New Coin. The chart is of Bitcoin’s dominance printing a “golden cross” formation.

As can be seen in the above chart, previous golden crosses on Bitcoin’s dominance chart preceded massive rallies in Bitcoin against altcoins, suggesting the same is likely to happen again.

This outlook was echoed by the lead technical analyst at the crypto research firm Blockfyre. He said that the altcoin market “looks like it could capitulate soon,” adding that it “seems like the worst is yet to come.”

The analyst attributed this sentiment to a number of trends: 1) Bitcoin’s dominance chart looks like it is going to rip higher, 2) the halving will centralize crypto wealth in BTC, and 3) there remain many cryptocurrencies that still hold millions of dollars of value despite “red flags” in the underlying technology.

Related Reading: Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto
Featured Image from Unsplash
Tweet123Share218ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto

Most Coordinated Attack In Crypto History? What Led To $19 Billion In Losses As Bitcoin Price Crashed

The biggest crypto market crash came and went over the weekend, but the effects still linger on. Bitcoin, Ethereum, and...

Scott Matherson 1 day ago
Ethereum Surges

Ethereum Surges Past $4,100 – Are Bulls Ready For The Next Big Leg?

Ethereum price started a fresh recovery above $4,000. ETH is now showing positive signs but faces a major resistance near...

Aayush Jindal 1 day ago
crypto

Crypto Crash Prediction Comes True: Here’s What’s Next For Bitcoin And Ethereum

The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened....

Scott Matherson 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum in ripresa: +8,2% di Open Interest mentre i trader tornano a scommettere su ETH

Orfeo Barone 9 hours ago
Ethereum Shows Strength

Ethereum Shows Strength – Bulls Aim Higher As ETH Eyes Potential Outperformance

Aayush Jindal 21 hours ago
Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again

Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again

Sebastian Villafuerte 23 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    9 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    9 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    10 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    10 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.