No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Adam Back sights massive Bitcoin accumulation

by TheAdviserMagazine
3 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
Adam Back sights massive Bitcoin accumulation
Share on FacebookShare on TwitterShare on LInkedIn


Stake

Bitcoin’s on-chain activity lit up again as Blockstream CEO Adam Back alerted the Bitcoin community to the return of the so-called “Bitfinex whale.” According to Back, this unknown but powerful entity has been accumulating Bitcoin at a staggering rate, purchasing roughly 300 BTC per day over the past 48 hours using time-weighted average price (TWAP) buying strategies. He emphasized:

“For context 300btc/day that’s $400/second all day, historically they’ve done this days, weeks continuously and ramped it up too harder too up to 1000btc/day ($1300/second all-day at these prices).”

The Bitfinex whale effect

The sustained appetite of this whale, especially one connected with Bitfinex, is a potentially market-moving signal. Whale accumulation (large buys executed methodically over time) can soak up significant supply, causing upward pressure on price or stabilizing the market during volatility. Such whale behavior has preceded large bullish moves in previous cycles, as well as short-term volatility when whales shift gears or exit positions.

But not everyone sees this as unequivocally bullish. As one of Back’s followers commented:

“That’s not a good thing, as Bitfinex whales buy downtrends and sell uptrends.”

This highlights a long-debated dynamic. Some whales accumulate during market weakness and then distribute (sell) into liquidity during stronger markets, adding both buying support in downturns and potential resistance during rallies.

Whatever your take on the Bitfinex whale, Adam Back is no ordinary observer. As the inventor of Hashcash, a critical Proof-of-Work algorithm referenced in the original Bitcoin whitepaper, Back is seen as one of the founding figures in the crypto space.

NemoNemo

He is the CEO and co-founder of Blockstream, a global leader in Bitcoin protocol development and infrastructure. Renowned as a cypherpunk and one of the first to correspond with Bitcoin’s anonymous creator, Satoshi Nakamoto, Back’s market commentary carries outsized weight within the industry.

Will Bitcoin price shake off broader slump?

Earlier today, former BitMEX CEO, Arthur Hayes warned of a global liquidity crunch and expected BTC to test $100,000 in the near term, adjusting his positions accordingly. Can traders expect this to change with the Bitfinex whale back on scene?

On-chain data suggests that when whales accumulate at this scale, it’s typically a sign of strong hands preparing for the next price move, or smart money stepping in to absorb panic selling. With supply on exchanges already at record lows and institutional interest surging, continuous spot buying from traders like the Bitfinex whale could fuel both a relief rally and long-term supply squeeze, especially if sustained over days or weeks.

However, whale accumulation doesn’t guarantee a straight line upward. Recent years have shown that large holders are just as likely to defend support as they are to take profit if the opportunity arises. Traders will be watching closely for signs of a trend reversal or major move.

Mentioned in this article



Source link

Tags: AccumulationAdamBitcoinMassivesights
ShareTweetShare
Previous Post

OPEC+ agrees in principle to another bumper supply increase

Next Post

Jack Smith, who led criminal probes on Trump, is under investigation by Office of Special Counsel

Related Posts

edit post
BlackRock Ethereum ETF purchases .5M in ETH

BlackRock Ethereum ETF purchases $72.5M in ETH

by TheAdviserMagazine
October 28, 2025
0

Key Takeaways BlackRock clients bought $72.5 million worth of Ethereum in a single day via the spot Ethereum ETF. This...

edit post
Ethereum Price Prediction: ,300 Resistance Key as Institutions Add  M to ETH Treasuries

Ethereum Price Prediction: $4,300 Resistance Key as Institutions Add $78 M to ETH Treasuries

by TheAdviserMagazine
October 27, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Currently trading above $4,000, the Ethereum price...

edit post
Landmark ruling in India treats XRP as property, not speculation

Landmark ruling in India treats XRP as property, not speculation

by TheAdviserMagazine
October 27, 2025
0

A Madras High Court judge barred WazirX from reallocating a customer’s XRP holdings and declared cryptocurrency qualifies as property under...

edit post
Analyst slams S&P’s Strategy Bitcoin Treasury Rating

Analyst slams S&P’s Strategy Bitcoin Treasury Rating

by TheAdviserMagazine
October 27, 2025
0

Crypto market analyst Adam Livingston has sharply criticized S&P Global Ratings after the agency assigned a ‘B-’ issuer credit rating...

edit post
Shiba Inu Hides A 2,000% End-Cycle Breakout, Analyst Predicts

Shiba Inu Hides A 2,000% End-Cycle Breakout, Analyst Predicts

by TheAdviserMagazine
October 27, 2025
0

Popular technician Charting Guy (@ChartingGuy) calls Shiba Inu “weak and choppy” and suggests the token may not break out until...

edit post
This New Crypto Scam Starts With “Congratulations, You’re Hired,” Kraken Warns

This New Crypto Scam Starts With “Congratulations, You’re Hired,” Kraken Warns

by TheAdviserMagazine
October 27, 2025
0

TMGM Broker Review 2025: Regulation, Platforms & Trading Conditions Explained | Finance Magnates TMGM Broker Review 2025: Regulation, Platforms &...

Next Post
edit post
Jack Smith, who led criminal probes on Trump, is under investigation by Office of Special Counsel

Jack Smith, who led criminal probes on Trump, is under investigation by Office of Special Counsel

edit post
EPA pushes back rollout of methane emission rule for oil and gas (ICLN:NASDAQ)

EPA pushes back rollout of methane emission rule for oil and gas (ICLN:NASDAQ)

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Depictions of Disability in Popular Culture

Depictions of Disability in Popular Culture

0
edit post
I’m a Professional Thrifter. Here’s What I Do Differently When Shopping at Goodwill.

I’m a Professional Thrifter. Here’s What I Do Differently When Shopping at Goodwill.

0
edit post
The National Debt Soars Past  Trillion

The National Debt Soars Past $38 Trillion

0
edit post
Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

0
edit post
Ethereum Price Jumps 7% On M SharpLink Gaming Buy

Ethereum Price Jumps 7% On $81M SharpLink Gaming Buy

0
edit post
The One Savings Rule Boomers Need Post-Retirement to Avoid Running Out of Cash

The One Savings Rule Boomers Need Post-Retirement to Avoid Running Out of Cash

0
edit post
Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

October 28, 2025
edit post
Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal

Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal

October 28, 2025
edit post
BlackRock Ethereum ETF purchases .5M in ETH

BlackRock Ethereum ETF purchases $72.5M in ETH

October 28, 2025
edit post
The World Confronts the Genocide Washington Is Trying to Bury

The World Confronts the Genocide Washington Is Trying to Bury

October 28, 2025
edit post
Israel-US fares stay high despite return of foreign carriers

Israel-US fares stay high despite return of foreign carriers

October 28, 2025
edit post
Positive Breakout: These 11 stocks cross above their 200 DMAs – Upside Ahead?

Positive Breakout: These 11 stocks cross above their 200 DMAs – Upside Ahead?

October 27, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US
  • Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal
  • BlackRock Ethereum ETF purchases $72.5M in ETH
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.