DeFI News by Thebittimes.Com

Shiba Inu whales are back and accumulating more tokens right now, which is sparking renewed interest in potential SHIB price movements. According to some of the most recent on-chain data, long-term holders have been increasing their positions by about 5.62% despite the rather underwhelming price performance we’ve been seeing lately. Also Read: Will Swiss Bank Buy Bitcoin? Shiba Inu Whales Surge: Is a SHIB Price Rally on the Horizon? Source: The Market Periodic Long-Term Holders Make Their Move The latest on-chain data that’s been released reveals that addresses holding Shiba Inu for more than a year have increased significantly according to the Balance by Time Held metric, which is a key indicator of investor behavior. This growing whale presence is occurring while SHIB’s price continues to struggle at the moment, suggesting that experienced market participants might be seeing some potential value despite the not-so-great current market conditions. At the same time, sh...

Cryptocurrency analyst and trader Ali Martinez is leaning bearish on a Solana (SOL) competitor. Martinez tells his 130,100 followers on the social media platform X that Sui (SUI) faces the risk of a “sharp correction” amid the formation of a bearish pattern. “Since November 2024, Sui has been shaping a head and shoulders pattern with the neckline at $3 serving as a crucial support level. And the price action seen in the last few weeks helped form the pattern’s right shoulder, which is not a positive sign. After the recent break of the $3 support level, the odds have increased significantly for a 40% correction that takes Sui to $1.60.” Sui is trading at $2.73 at time of writing, down by around 48% from the all-time high price of $5.35 reached early in January. Next up is Bitcoin (BTC). On the potential move the crypto king is likely to make next, Martinez says, “Bitcoin is consolidating within a triangle, setting the stage for a potential 20% price move!...