Tag: Uniswap

If Whales Move the Market, UniWhales Is the Whale Whisperer
Crypto News

If Whales Move the Market, UniWhales Is the Whale Whisperer

When Elon Musk changed his Twitter bio to “#bitcoin” last week it moved the market, but not just for bitcoin itself.Users of UniWhales could see big holders making moves in real-time. Matt Aaron, the CEO of UniWhales, sent CoinDesk screenshots showing three big moves of liquidity providers exiting USDC/ETH and USDT/ETH positions on Uniswap. In 11 minutes, $47 million worth of liquidity had exited the Uniswap system right after Musk told the world:“Our thesis is that whales control the market,” Aaron told CoinDesk in a phone call. “People with more money tend to have better information.”UniWhales started in September as a simple Telegram channel with a bot that flagged large buys on Uniswap. That’s why it’s called UniWhales. It started analyzing the moves of big holders (w...
Bitcoin Trading Tepidly at $33.7K While SushiSwap Eats Raw Market Share
Commodities, Crypto News

Bitcoin Trading Tepidly at $33.7K While SushiSwap Eats Raw Market Share

Bitcoin is taking a break, staying in a tight trading range with lower than average volume compared to the past month. Meanwhile, alternative cryptocurrencies and decentralized finance are stealing the spotlight.Bitcoin (BTC) trading around $33,782 as of 21:00 UTC (4 p.m. ET). Gaining 2.5% over the previous 24 hours. Bitcoin’s 24-hour range: $32,341-$34,715 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving average just slightly on the hourly chart, a sideways-to-bullish signal for market technicians.Bitcoin trading on Bitstamp since Jan. 29.Source: TradingViewThe price of bitcoin is extending its weekend respite Monday, trading in a fairly tight $32,500-$34,500 range, although its 24-hour performance is up 2.5% as of press time.“XRP – and DOGE ...