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#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
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Bitcoin whales start massive sell-off: 'A critical signal'
According to data from on-chain analytics platform CryptoQuant, whale wallets sold a total of 30,000 BTC over the course of this week, while miners transferred 15,000 BTC on April 7 alone.
While the whale accumulation rate, a metric that measures how much cryptocurrency (balinaların) wallets holding large amounts of assets in the cryptocurrency market buy or sell in a given period, has fallen to its lowest level since February 2025, experts point out that this trend is a critical signal for the overall direction of the crypto market.
On the miners' front, falling profit margins are causing more BTC to be transferred to exchanges. These transfers, which reinforce expectations that a sale is being prepared, create the perception throughout the market that it is difficult for the Bitcoin price to recover in the short term.
At the time of writing, BTC is down 2.4 percent at $83,637.
Published: April 16, 2025 5:01 pm