Crypto Media

Cointelegraph - Bitcoin has managed to hold on to its gains this week, indicating that traders are in no mood to book profits even as the price reaches near $70,000. The number of Bitcoin whales, unique addresses holding more than 1,000 Bitcoin, has risen to 2,104 as of March 7 , suggesting they anticipate the uptrend to continue. Bitcoin’s rally has improved sentiment across the cryptocurrency sector. Data from DefiLlama shows that the global total value locked (TVL) in decentralized finance (DeFi) protocols  jumped above $100 billion for the first time  in about two years. However, the TVL is far below the $189 billion record set in November 2021, even after the increase. Crypto market data daily view. Source:   Coin360 During a bull market, traders throw caution out of the window and chase prices higher. This generally does not end well. Bitwise chief investment officer Matt Hougan  cautioned investors to be careful...

Cointelegraph - Bitcoin whales are not in a rush to sell into the current rally that propelled Bitcoin to new heights above $70,000 , the latest on-chain data suggests. Bitcoin whale population grows despite price record high The number of unique addresses holding at least 1,000 Bitcoin — known as whales — has risen to 2,104 addresses as of March 7. However, this is still lower than the record of 2,489 addresses reached in February 2021, when Bitcoin was trading above $46,000. Bitcoin addresses with at least 1,000 BTC. Source:  LookIntoBitcoin The rising wallet count could also be attributed to the United States spot Bitcoin exchange-traded funds (ETFs), which surpassed $52.5 billion in cumulative trading volume on March 4. The fact that whales are not selling their Bitcoin at these levels suggests that they expect prices to rise further. Bitcoin whales are important because the size of their trades can significantly impact price.  Julio Moreno, the head of research at on-chai...