Daily News 19

Tag: Whale accumulation

  • Bitcoin Flashes Unprecedented 17-Year On-Chain Anomaly

    Bitcoin Flashes Unprecedented 17-Year On-Chain Anomaly

    Bitcoin On-Chain Analyst Flags Unprecedented HODL Wave Anomaly Suggesting Single Whale Accumulation

    Prominent on-chain analyst Willy Woo has identified an unusual signal in Bitcoin’s HODL Wave data that appears to have no precedent across nearly two decades of available history. The anomaly centers on how Bitcoin was accumulated around the recent market bottom, with Woo suggesting the buying pattern points to a single large entity rather than broad retail participation.

    Analyst Highlights “Anomaly” in 17.5 Years of HODL Wave Data

    In a post on X, Woo emphasized the rarity of the current data pattern:

    We have an ANOMALY.Whoever bought the bottom did it slowly. Possibly even a single whale.When it’s many investors, you expect to see spikes in buying activity. That’s happened every time across 17.5 years of Hodl Wave data except now. pic.twitter.com/1cU23USB3R

    According to Woo, the absence of typical accumulation spikes is the key deviation. “Whoever bought the bottom did it slowly. Possibly even a single whale,” he stated. The analyst explained that widespread investor participation historically produces clear spikes in Bitcoin’s youngest HODL Wave bands. “When it’s many investors, you expect to see spikes in buying activity. That’s happened every time across 17.5 years of Hodl Wave data except now,” Woo elaborated.

    How HODL Waves Reveal Accumulation Patterns

    HODL Waves segment Bitcoin’s circulating supply based on the duration coins have remained unmoved. The youngest bands are especially sensitive to recent buying activity because newly acquired coins appear there first before migrating to older age bands if held long-term. If those coins are spent again, they cycle back to the youngest bands.

    Normally, a market bottom accompanied by broad participation generates conspicuous bursts in these short-term waves. The current absence of such spikes suggests accumulation may have been driven by a very large investor or a small number of entities operating quietly.

    Single-Whale Theory Remains an Interpretation, Not a Conclusion

    Woo has acknowledged that the single-whale explanation is only one interpretation. Other factors could account for the anomaly, including:

    • Exchange-traded fund (ETF) flows
    • Institutional custody arrangements
    • Derivatives market activity
    • Structural changes in Bitcoin’s market since HODL Wave data first became available

    Bitcoin Price Action Remains Fragile Amid Macro Headwinds

    The on-chain signal arrives as Bitcoin navigates shaky price action. As reported by U.Today, the leading cryptocurrency recently slipped below the psychologically important $77,000 level on Thursday. While Bitcoin has since bounced from those lows, market fragility persists due to the high probability of an incoming rate hike.

    Adding to near-term uncertainty, a major derivatives expiry is scheduled for Friday. According to Coinbase Markets, approximately $2.51 billion worth of Bitcoin and Ethereum options are set to expire, with BTC accounting for the overwhelming majority of the total notional value.

  • USELESS Coin Surges After Bithumb Listing Sparks $3.2M Whale Purchase

    USELESS Coin Surges After Bithumb Listing Sparks $3.2M Whale Purchase

    Useless Coin Surges 19% on Bithumb Listing and Whale Accumulation

    Useless Coin ($USELESS) climbed more than 19% in the past 24 hours, pushing weekly gains above 169% as of press time. Daily trading volume declined but remained sufficient for liquidity needs, with the volume-to-market-cap ratio holding at 47%.

    Key Catalysts Behind the Rally

    The rebound follows a three-day correction from the $0.3188 level. Three primary factors drove the surge: a major exchange listing, a sharp rise in Open Interest (OI), and significant capital inflows from large holders.

    Bithumb Listing Expands Asian Market Access

    The primary driver was increased exposure to the Asian market. South Korean exchange Bithumb listed $USELESS against the Korean Won (KRW), signaling expanding retail and institutional attention in the region.

    Following the listing, Open Interest for the memecoin reached a new all-time high of $146 million, more than doubling the previous peak of $70 million recorded in October 2025. The surge in OI indicates rising buy-side contract activity for $USELESS.

    Source: CoinGlass

    Whale and Institutional Accumulation Signals Long-Term Conviction

    On-chain data reveals substantial accumulation by major holders. A single whale withdrew 14 million $USELESS tokens—valued at approximately $3.20 million—from Coinbase Prime Custody to a private wallet at the $0.215 price zone.

    Additional transactions show institutional-grade custody movements. Over 440,000 tokens moved from Gate exchange to Fireblocks Custody, while 2.20 million coins flowed into KuCoin’s cold wallet. These patterns suggest serious participants are positioning for extended holding periods.

    Source: Arkham

    Traders monitoring chain activity from these wallets—including known market makers—may gain early insight into future market moves.

    Technical Outlook: Can $USELESS Hold Above $0.19?

    Technically, $USELESS is ranging near its 2026 highs and approaching that resistance level. Buying pressure between $0.19 and $0.21 supports potential short-term continuation. However, the token remains 64% below its all-time high of $0.4375.

    The $0.30 supply zone presents a key bearish hurdle, particularly if broader memecoin sector momentum fades. Losing $0.20 as support would shift control to sellers, while a sustained break above $0.30 would reinforce buyer dominance.

    Source: $USELESS/USDT on TradingView

    The Choppiness Index reading at 50 is declining, signaling that the uptrend is gradually strengthening. The MACD has turned green, though small histogram bars indicate the trend lacks robust momentum. Overall, $USELESS maintains a bullish market structure as momentum returns.

    Summary

    • 24-hour gain: +19%
    • Weekly gain: +169%
    • Key catalyst: Bithumb KRW listing and whale accumulation
    • Current range: $0.19 – $0.30
    • Critical levels: Support at $0.20; resistance at $0.30
    • Technical bias: Bullish structure with improving momentum
  • DeXe Jumps 36% as Trading Volume Hits $238 Million: 3 Factors That Could Drive Further Gains

    DeXe Jumps 36% as Trading Volume Hits $238 Million: 3 Factors That Could Drive Further Gains

    DeXe ($DEXE) has emerged as one of the strongest performers among the top 150 cryptocurrencies by market capitalization, with its price surging 36%.

    The rally has been supported by a sharp increase in trading activity and growing bullish sentiment across the market. According to CoinMarketCap, $DEXE’s trading volume rose 1,460% during the same period to reach $238 million.

    A simultaneous rise in price and trading volume is typically viewed as a sign that more buyers are entering the market and actively accumulating the asset.

    What is driving the DeXe price rally?

    The latest gains followed a significant increase in the number of $DEXE token holders. CoinMarketCap reported that the holder count rose by exactly 120, marking one of the largest single-day increases and contributing to the token’s price momentum.

    Source: CoinGlass

    However, the increase in holders was not the only notable development. Data indicates that whales—investors with substantial capital and liquidity—were also involved in the latest accumulation.

    The whale retail delta, which tracks activity between large investors and retail market participants, has climbed significantly over the past several weeks. A rising reading suggests that whales have been acquiring $DEXE, potentially setting the asset up for further gains.

    Source: CoinGlass

    Because whales typically hold positions for longer periods, their accumulation could help support the rally if broader market demand remains strong.

    Perpetual market activity supports bullish momentum

    Activity in the perpetual derivatives market has also played an important role, with a significant amount of capital flowing into $DEXE.

    According to the latest data, capital in the $DEXE perpetual market has reached approximately $29 million. The open-interest-weighted funding rate currently stands at 0.0054%.

    With market positioning tilted toward buyers, investors may be more likely to sustain the bullish momentum that has driven the recent advance.

    Source: CoinGlass

    Buying interest is also increasing across major exchanges. Binance and OKX are among the platforms showing elevated buying volume, while data from CoinGlass indicates that Binance’s top-trader volume ratio stood at 1.99. LBank’s ratio also exceeded 1.2.

    These readings suggest that traders are placing bids in anticipation that $DEXE could outperform in the near term.

    DeXe market sentiment remains positive

    Although capital is clearly flowing into $DEXE, market data also shows that investors continue to maintain a bullish outlook.

    The sentiment indicator measures the market’s overall expectations on a scale ranging from -10 to 10. Its latest reading stood at 5.7, indicating positive sentiment toward the asset.

    If this outlook persists, $DEXE could maintain its upward trajectory. Market sentiment often influences whether investors choose to buy, hold, or sell an asset.

    DeXe has gained 36% while trading volume jumped 1,460% to $238 million. Whale accumulation, bullish perpetual-market positioning, and positive sentiment could continue supporting the $DEXE rally if buying momentum holds.