The cryptocurrency market has recorded activities from Bitcoin whales in recent times with speculations of increased sentiments.

STORY HIGHLIGHTS

• A bitcoin whale acquired $1 billion worth of assets.
• Analysts point to increased market sentiments.
• Similarly, dormant whale wallets become active.

A Bitcoin whale has made a huge purchase signalling increasing market sentiment as the halving approaches. On-chain data from BitInfoCharts shows an inflow of 15,745 BTC on April 6 amid the slight increase in prices in the last 24 hours. 
Despite the market trading sideways, bullish activity remains with analysts projecting more gains before the halving. Whales continue to influence the trend of cryptocurrencies, especially during key periods in a bullish cycle.

Asset Movement After Slump 

With corrections in BTC price after it pierced $70,000, huge movements can ignite bulls sparking increased market activity. At press time, Bitcoin trades at $68,063, a 0.4% rise in the last 24 hours. Experts suggest that the slump in the price of BTC might have awakened new bullish activity before a future rise.
MartyParty, a crypto commentator wrote on X (formerly Twitter) on the whale buying the price dip before the slight increase and the whale moving the assets out of the centralized crypto exchange, OKX. 

“Whale movements: 30 min ago 15,745 Bitcoin was bought at $68079 and moved off @okx – worth $1.06b. A whale bought the dip right before the bounce.Wallet: bc1qa87h3yv648nmngfjplskkcq238q7xz4g00575r.” 

The movement of assets out of centralized exchanges shows a higher urge to hold for a long time while transfers to exchanges signify selling pressures. This is because Bitcoin is easily sold on exchanges and held longer by other custodians. 

Bitcoin Projections Increases Whale Activity

In another development, a Bitcoin whale has resumed activity after a decade of dormancy. The whale holding 1,701 BTC valued at $115 million BTC transferred a total of 246 BTC to two addresses.
Although motives remain unknown, the upcoming halving has come into question as it is seen as a bullish phase for the asset. Bitcoin miners have also repositioned assets on exchanges and in reserves ahead of the halving coupled with increasing hash rates.
The recent surge in the price of Bitcoin comes following huge inflows after the approval of spot ETFs by the United States Securities and Exchange Commission (SEC).

Dogecoin Core Dev Clears Up Grok AI RadioDoge Claims

Dogecoin developer clarifies RadioDoge's terrestrial focus, debunking space node claims and outlining future adoption plans.
By Maxwell Mutuma19 hours ago

STORY HIGHLIGHTS

• Michi Lumin, the Dogecoin core developer, clarified misinformation regarding the RadioDoge project.
• Grok AI's claims about SpaceX launching Dogecoin nodes into space were corrected to reflect that RadioDoge remains a terrestrial initiative.
• RadioDoge aims to expand Dogecoin's reach using HF/LoRaWAN and the Starlink satellite network, targeting areas without traditional internet.

Discussions within the Dogecoin community have centered on the RadioDoge project. This comes after Grok AI, associated with Elon Musk, made claims about SpaceX launching Dogecoin nodes into space. Michi Lumin, a core developer of DOGE, has addressed the speculation regarding the extension of the Dogecoin network to remote areas.
Michi Lumin has clarified that the information provided by Grok AI about RadioDoge is inaccurate. He emphasized that RadioDoge remains a terrestrial project. Lumin’s statements aim to guide the community towards reliable sources. He highlighted the misuse of details by Grok AI, noting that RadioDoge does not involve space-based nodes.

RadioDoge Aims to Expand Dogecoin Adoption Globally

RadioDoge is a Dogecoin Foundation initiative that aims to boost Dogecoin’s grassroots adoption through innovative technology. By leveraging HF/LoRaWAN and the Starlink satellite network, RadioDoge intends to provide Dogecoin access in areas without traditional internet access. The project’s primary focus is on terrestrial technology to enable wider DOGE transactions.
In 2023, RadioDoge marked a significant achievement by conducting the first Dogecoin transaction without internet connectivity. This milestone underscores the project’s potential in expanding Dogecoin’s usability. The initiative utilizes cost-effective and reliable radio technology. This ensures broader access to DOGE, especially in underserved regions.

Progress and Plans for RadioDoge

Last year, RadioDoge achieved its first offline DOGE transaction. This success demonstrated the project’s capability in enhancing DOGE’s reach. The effort aligns with the DOGE Foundation’s mission to innovate for wider adoption. The project uses volunteer node operators to grow its network, focusing on practical and scalable solutions.
Looking ahead to 2024, the Dogecoin Foundation has outlined a roadmap for RadioDoge. It includes further development of the network and exploration of new use cases. The foundation seeks to engage with communities in emerging economies for trial deployments. These efforts aim to foster greater inclusivity and utility for DOGE globally.

Marathon Wallets With Over $1 Bln of Bitcoin Get Identified Ahead of Halving

Marathon Wallets worth $1.1 bln Bitcoin have been traced, as the market prepares for halving alongside a soaring demand for Bitcoin ETF.
By Nausheen Thusoo20 hours ago

STORY HIGHLIGHTS

• Marathon's wallets, containing 23 addresses and more than $1.1 billion in Bitcoin, have been identified recently.
• The Marathon Wallet discovery comes at a time when Bitcoin ETFs have seen soaring demand ahead of the halving.
• However, although institutional interest in Bitcoin is growing, there may soon be turbulence in market.

Marathon Wallets worth $1.1 billion Bitcoin were traced recently. These wallets, which summed up to around 23, have generated a revenue of $387.5 million revenue. Noticeably, the immense holdings of Bitcoin in these wallets come right before the anticipated halving. The holdings also come in the backdrop of a rising demand for Bitcoin ETFs.

Marathon Wallet Worth $1.1 Billion Traced

Marathon’s wallets, containing 23 addresses and more than $1.1 billion in Bitcoin, have been identified recently. These on-chain wallets mined 12,85K Bitcoins, bringing in $387.5 million in revenue in 2023.
Read Also: Terraform Labs Contests SEC Victory in Fraud Case

Bitcoin ETFs See Surging Demand

The Marathon Wallet discovery comes at a time when Bitcoin ETFs have seen soaring demand ahead of the halving. Just yesterday. SoSoValue suggested that there was a $213 million net inflow into Bitcoin spot ETFs. An increase in inflows just before the halving implies that investors are probably hoarding Bitcoin before the code upgrade. Anticipation of a bull run after the halving has kept hopes high, making people keep their Bitcoin profile strong.

Whale Activity Rises Ahead of Halving

The main factor that is making market participants hoard Bitcoin and have a huge appetite for Bitcoin ETFs is the upcoming halving. As the halving approaches, Bitcoin whales have been actively accumulating huge quantities of BTC despite recent market volatility. This accumulation pattern indicates that big investors are generally optimistic, especially as the fourth Bitcoin halving draws near. Whales appear to be setting themselves up for possible future advantages in the Bitcoin market as the reduction of miner rewards is nearing.

However, although institutional interest in Bitcoin is growing, there may soon be turbulence, according to the futures market. According to CryptoQuant, a consistent upward trend in the Coinbase Premium indicates that US institutions are buying more Bitcoin. Strong institutional engagement is highlighted by this premium, which is the price differential between Coinbase and overseas exchanges, particularly given the recent inflows into US Bitcoin exchange-traded funds (ETFs).