logo

CryptoQuant Analyst: $2,800 May Serve as Key Support Level for ETH, On-chain Data Shows Whales Continuing to Accumulate

By: theblockbeats.news|2025/11/20 21:15:55
0
Share
copy

BlockBeats News, November 20th, CryptoQuant analyst MAC.D stated in a post that "Due to the uncertainty before NVIDIA's financial report, the US stock market declined, leading to a synchronized downturn in the crypto market, with Ethereum falling to $2,870 at one point. However, NVIDIA's financial report exceeded expectations, leading to a rapid recovery in the US stock market and crypto assets thereafter.

On-chain data shows that the $2,800 area aligns closely with the realized price clusters of retail investors and whales, potentially serving as a key support level. Retail investors are selling, while whales (holding over 10,000 ETH) continue to accumulate, indicating that the supply is being concentrated in the hands of long-term large holders. Long liquidations have decreased, and short positions have increased, suggesting that a slight rebound may trigger a short squeeze."

-- Price

--

You may also like

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC

Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

Contents

Popular coins

Latest Crypto News