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Whales scoop up MATIC in large numbers – A sign of confidence?

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Retail investors also exhibited interest. Demand for MATIC was growing because of the spike in on-chain transactions. Whale investors have set their sight on Polygon’s MATIC token. Transactions worth more than $1 million in MATIC surged significantly in November, AMBCrypto analyzed using Santiment’s data. Such a sustained period of trading activity by large crypto whales …

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Bitcoin accumulation on exchanges may not be a bullish sign, analyst warns

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Journalist Posted: September 26, 2023 Bitcoin accumulation on exchanges surged but analysts warned it may not guarantee a bullish trend. Traders turned optimistic towards BTC as Implied Volatility declined. In recent times, Bitcoin [BTC] accumulation on exchanges was on the upswing. This phenomenon, although often associated with bullish sentiment, comes with subtleties that traders should …

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