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August is packed with pivotal crypto events that can significantly impact the trajectory of the entire market. Although the first two days of the month had a slightly bearish tone, with massive liquidation on the late July and early August events, seasoned traders are anticipating better results. However, that entirely depends on the events and
The post Upcoming Crypto Events that could Impact the Market appeared first on CoinGape.
Bitcoin whales are regaining dominance over exchange activity. The Exchange Whale Ratio’s 30-day moving average has surged to 0.47—its highest level in seven months—indicating that nearly half of all BTC inflows to exchanges are now coming from the largest transactions.
Historically, such spikes in whale activity have preceded major market tops, as large holders tend to move funds in preparation to sell. With retail participation fading and whale influence rising, the market may shift into a distribution phase, raising the risk of a short-term correction.
Bitcoin recently surpassed $111,000, making new all-time highs. Yet, profit-taking from whales and another potential macroeconomic downturn has caused BTC to drop over 6%, and it is currently trading at $104,000.
Data from CryptoQuant shows a sharp rise in the Exchange Whale Ratio, suggesting caution.
Historically, when this ratio exceeds 0.5—indicating that whales account for the majority of exchange inflows—price tops often follow.
The Exchange Whale Ratio measures how much of all Bitcoin flowing onto exchanges comes from the ten largest transactions. A 30-day moving average at 0.47 means nearly half of every BTC deposit is a “whale” transaction.
This pattern played out during previous market cycles, such as mid-2022 and late 2024, when elevated whale activity coincided with significant corrections.
The implication is that large holders tend to move funds to exchanges in anticipation of selling, often at or near local peaks.
In contrast, periods when the whale ratio dips below 0.35 have often marked phases of accumulation or early bull market momentum, dominated by retail participants.
One clear example is mid-2023, when the ratio hit a low point and Bitcoin began to climb steadily afterward.
“There is a growing dominance of large holders in recent exchange activity. This sharp increase mirrors the surge seen in the Exchange Whale Ratio during Bitcoin’s price rally in late 2023 and early 2024,” CryptoQuant analyst JA Maartunn told BeInCrypto.
The current spike in the 30-day moving average of the ratio further reinforces the notion that whales are once again becoming more active in exchange activity.
If history repeats, significant whale selling could trigger a pullback or increased volatility.
While Bitcoin price remains strong for now, this shift in behavioral dynamics suggests the market may be transitioning from accumulation to distribution, increasing the probability of a near-term top or correction.
The post Bitcoin Whale Activity Signals Warnings for the Market | Weekly Whale Watch appeared first on BeInCrypto.
The US CPI inflation data is the next macro fundamental that crypto market participants have their eyes on, following the release of a strong US jobs data on June 6. The CPI figures could provide insights into whether the Fed is likely to cut interest rates later this year, even as hopes for a rate
The post Crypto Market Awaits US CPI Figures As Fed Rate Cut Hopes Fade appeared first on CoinGape.
The crypto price prediction today, May 8, is bullish amid widespread gains driven by President Donald Trump, who has teased an upcoming “big announcement.” Trump’s cryptic post drove Bitcoin and Ethereum close to $100,000 and $2,000, respectively. Meanwhile, meme coins were outperforming the broader market as PEPE, TRUMP, and BONK prices surged by more than 10%.
Data from CoinMarketCap shows that crypto prices are on a bullish trajectory today, with the total market cap posting a 3% intraday gain to reach $3.09 trillion. At press time, all the top ten cryptos were trading in the green.
The gains come after a recent post on Truth Social in which Trump noted that he would be making a major announcement on May 8. In a subsequent post, he revealed that this announcement would culminate in a big day for the US and the UK.
“This should be a very big and exciting day for the United States of America and the United Kingdom.”
This deal coincides with earlier reports that trade negotiations between the US and China will resume. US Treasury Secretary Scott Besset will lead trade talks with China’s Vice Premier He Lifeng on May 10.
The bullish news on major trade deals also comes on the back of the FOMC meeting in which the Fed left interest rates unchanged. Trump has reacted to Powell’s hawkish statement, terming him a “fool who doesn’t have a clue.”
These macro factors are fuelling crypto price volatility, with more than $368M positions being liquidated within 24 hours, as predictions suggest that the broader uptrend may continue.
As crypto prices rally, three top meme coins have stood out and have the potential to continue with the uptrend and clinch multi-week highs. These tokens include PEPE, TRUMP and BONK, which have gained by more than 10%.
PEPE price eyes an 18% rally to the upside after overcoming resistance at the neckline of a rounding bottom pattern. As the bullish momentum grows strong, as supported by the rising RSI to 72, this meme coin may soon reach the highly coveted $0.00001 price and get to its highest level since February. The ADX supports the bullish Pepe Coin price forecast as it appears to tip north after the recent downtrend, suggesting that bears are growing weak.
TRUMP trades at $12 with an 11% gain in 24 hours as it leads the rally in crypto prices. It eyes a breakout rally to $15 as the rising MACD line confirms that the bearish momentum is weakening. However, a bullish momentum will be confirmed after this indicator crosses above the zero line. Meanwhile, the Bollinger bands confirm that TRUMP is breaking out, and with a sustained rally, it may reach the 78.6% Fibonacci level of $15.
BONK price also eyes a parabolic rally after overcoming resistance at the neckline of a double-bottom pattern. If this pattern plays out, the rally will extend to the target price of $0.000020 in the near term, which is likely if the broader market sentiment remains positive. The AO histogram bars have also flipped green to confirm a momentum shift from bearish to bullish.
As crypto prices rally today amid positive macro factors driven by Trump’s “big announcement,” three meme coins have stood out with impressive gains, as the technical outlook suggests that further gains lie ahead. The price prediction for these crypto coins suggests that further gains lie ahead as buyers looking for quick profits start accumulating.
The post Crypto Price Prediction: PEPE, TRUMP, BONK Lead Rally Ahead of Trump’s ‘Big Announcement’ appeared first on CoinGape.