No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 2, 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
2 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
XRP Price Prediction: CTO Exit and Investor Sell Calls Clash With Bullish .70 Target

XRP Price Prediction: CTO Exit and Investor Sell Calls Clash With Bullish $4.70 Target

by TheAdviserMagazine
October 2, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP ended Q3 2025 with a 31%...

edit post
Pi Network arms its testnet with a DEX and AMM for DeFi innovation

Pi Network arms its testnet with a DEX and AMM for DeFi innovation

by TheAdviserMagazine
October 1, 2025
0

Pi Network has rolled out two new capabilities on its testnet, including a decentralized exchange (DEX) and an automated market...

edit post
DEPIN Project Spacecoin Executes First Blockchain Transaction in Low Earth Orbit

DEPIN Project Spacecoin Executes First Blockchain Transaction in Low Earth Orbit

by TheAdviserMagazine
October 1, 2025
0

Spacecoin:- Turns out blockchain and space are long-lost siblings having a very public reunion. Between Justin Sun’s space jaunts and...

edit post
Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet

Telegram to Let Users Trade Tokenized U.S. Stocks Directly in Its Crypto Wallet

by TheAdviserMagazine
October 1, 2025
0

Telegram will soon allow users to trade tokenized U.S. stocks directly within its built-in crypto wallet, following a partnership with...

edit post
XRP Flips Green For First Time Since 2017, Pundit Predicts 500% Rally

XRP Flips Green For First Time Since 2017, Pundit Predicts 500% Rally

by TheAdviserMagazine
October 1, 2025
0

Crypto pundit Mikybull Crypto has revealed that XRP has flipped green for the first time since 2017. Based on this,...

edit post
‘Hockey Stick Growth’: Coinbase Hits B in Onchain Loans, Brian Armstrong Sets 0B Target

‘Hockey Stick Growth’: Coinbase Hits $1B in Onchain Loans, Brian Armstrong Sets $100B Target

by TheAdviserMagazine
October 1, 2025
0

Coinbase just dropped the mic on X: $1 billion in onchain loans using bitcoin as collateral. CEO Brian Armstrong’s already...

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
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
UBS Reaffirms its Buy Rating on Chevron Corporation (CVX) with a Price Target of 7

UBS Reaffirms its Buy Rating on Chevron Corporation (CVX) with a Price Target of $197

0
edit post
States Where Homeowners Will Save the Most (and Least) on Property Taxes in 2026

States Where Homeowners Will Save the Most (and Least) on Property Taxes in 2026

0
edit post
HHS moves to cut Harvard off from all federal grants and contracts

HHS moves to cut Harvard off from all federal grants and contracts

0
edit post
Supreme Court declines to take action on Trump’s request to fire Fed governor for now

Supreme Court declines to take action on Trump’s request to fire Fed governor for now

0
edit post
Sign of the times as Swiss buy euros, not dollars

Sign of the times as Swiss buy euros, not dollars

0
edit post
Taiwan Forced To Move Chip Production To The US To Maintain Protection

Taiwan Forced To Move Chip Production To The US To Maintain Protection

0
edit post
Sign of the times as Swiss buy euros, not dollars

Sign of the times as Swiss buy euros, not dollars

October 2, 2025
edit post
XRP Price Prediction: CTO Exit and Investor Sell Calls Clash With Bullish .70 Target

XRP Price Prediction: CTO Exit and Investor Sell Calls Clash With Bullish $4.70 Target

October 2, 2025
edit post
Do you pay GST/HST when you build or renovate a house?

Do you pay GST/HST when you build or renovate a house?

October 2, 2025
edit post
Taiwan Forced To Move Chip Production To The US To Maintain Protection

Taiwan Forced To Move Chip Production To The US To Maintain Protection

October 2, 2025
edit post
SK Hynix shares hit 25-year high, Samsung also surges as chipmakers partner with OpenAI

SK Hynix shares hit 25-year high, Samsung also surges as chipmakers partner with OpenAI

October 1, 2025
edit post
States Where Homeowners Will Save the Most (and Least) on Property Taxes in 2026

States Where Homeowners Will Save the Most (and Least) on Property Taxes in 2026

October 1, 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

  • Sign of the times as Swiss buy euros, not dollars
  • XRP Price Prediction: CTO Exit and Investor Sell Calls Clash With Bullish $4.70 Target
  • Do you pay GST/HST when you build or renovate a house?
  • 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.