Presto Research analysts wondered how useful on-chain data about whales is as trading signals.
According to their words, automated services like Whale Alert are popular among traders because they often interpret large transactions, especially deposits on exchanges, as harbingers of certain activity.
However, the analysis of the prices of a number of cryptocurrencies has demonstrated the opposite. The quotes of the majority of coins have hardly changed after large transfers to trading platforms.
"Conclusion: whale deposits do not have sufficient predictive power to serve as reliable preliminary

The US Department of Justice has approved the sale of 69,370 BTC, confiscated from the Silk Road darknet marketplace, for a total of $6.5 billion.
#BTC#

SlowMist analysts have presented charts of the top 10 hacks and rug pulls in 2024.
The Japanese cryptocurrency exchange DMM Bitcoin ($305 million) suffered the highest losses in the security incident sector. The most damaging scam for users was the ZKasino online casino ($33 million).
#BTC# #ETH#

50% of traders on PumpFun ended up in a loss.
The other half has locked in profit:
- 18% earned less than $100;
- 14% more than $100;
- 11% more than $1000;
- 4.4% more than $10,000;
- 0.6% over $100,000;
- 0.03% over $1 million.
Every second meme coin trader lost money.

The analytical service CryptoQuant has reported a high unrealized profit among traders with leverage. The higher the indicator, the greater the likelihood of a price correction.
The current level is 47%, the previous peaks were in March - 69% and in December 2023 - 48%.
Analysts also noted the awakening of miners after the bitcoin price rose above $90,000. About 25,000 BTC was sent from pool wallets in the past day. The last similar outflow was observed in August, which may indicate partial profit taking.

Bitcoin Price on This Day Each Year (3rd November)
2024: $68,497
2023: $34,843
2022: $20,179
2021: $63,107
2020: $13,790
2019: $9,250
2018: $6,337
2017: $7,236
2016: $721
2015: $386

Cardano Founder Charles Hoskinson: "In a few decades, Cardano will be bigger than Ethereum and Bitcoin, and most governments in the world will operate on our infrastructure."
#ADA#

Is Ethereum on the verge of collapse? Record open interest is alarming experts
In recent days, Ethereum (ETH) has demonstrated an impressive rise, but experienced traders are already sounding the alarm. The reason? The open interest in ETH futures has reached a historical maximum, and this often foreshadows a sharp fall in price.
On October 15, the price of Ethereum jumped by 8.8%, reaching $2,650. It seemed like a reason to rejoice. But not so fast! Literally the next day, the open interest on ETH futures surpassed the psychological milestone of 5 million ETH. This is an absolute record in th

Ripple (XRP) loses bull support and heads towards $0.46
Since October 1st, Ripple has been trading in a narrow range, fluctuating between resistance at $0.54 and support at $0.52.
With the strengthening of the bearish sentiment, the chances of XRP for a bullish breakthrough from this range are diminishing
The price of the Ripple (XRP) project token may fall due to increased selling pressure.
Target levels for the coin are shifting downwards. #XRP#

The analyst is betting that Cardano will reach $0.5 this month
Market analyst and Crypto Capital Venture founder, Dem Gamardello, has bet that Cardano will reach a six-month high by the end of October.
Against the backdrop of the Cardano rebound, analyst Dem Gamberdello believes that ADA is on track to surpass the $0.5 price level.
For reference, Cardano jumped more than 3% over the past 24 hours after holding key support at $0.33, which has reignited optimism among investors.
#ADA#

Standard Chartered analysts suggest that bitcoin could reach a new all-time high in the next three weeks, even before the US elections. The reasons cited include increased chances of Donald Trump's victory, significant inflows into spot bitcoin ETFs, and increased activity in the crypto derivatives market.
In turn, Bitwise showed the dynamics of Bitcoin after the previous US presidential elections and hinted at the continuation of the rally in 2025, calling the current cycle the 'mainstream'.
#BTC#