News linked to both this project and an event.
Odaily reports, according to Lookonchain monitoring, after QNT's recent price increase, whales that had been dormant for over 3 years began selling. One whale deposited 8,250 QNT to Binance, worth $1.88 million; another whale moved 34,200 QNT, worth $8.05 million, and has deposited 9,000 QNT to Coinbase and Kraken, worth $2.12 million.
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address withdrew 53,632.95 QNT from various exchanges between May 2019 and November 2022, worth $1.21 million, with a cost as low as $22.57. One hour ago, this address deposited 9,000 QNT into Coinbase and Kraken, worth $1.998 million, at a deposit price of $222.09, representing a return of 884%.
prominent trader Doctor Profit (@DrProfitCrypto) posted on X: "I have taken profit and exited all of my QNT holdings. The surge from $50 to $374 in just a few days is truly astonishing, and I am more than satisfied with these gains. What's more interesting is watching all sorts of people on X keep convincing themselves not to sell while aggressively encouraging others to keep buying in. The persistently elevated funding rates also mean long positions have become overly crowded. Being in a market environment like this makes me feel very uneasy, especially when I know full well that some whales have long since started quietly offloading behind the scenes, while publicly still urging retail investors to buy. I respect everyone's decisions, but I prefer to be transparent about my own moves. Even if I sold too early and it keeps going up afterward, I still feel at peace and satisfied with my decision."
According to CoinDesk, bitcoin traded above $84,000 on Friday, essentially flat over the past 24 hours after briefly dipping below $84,000 on Wednesday. Most major tokens saw volatility of less than 2%, while ONDO rose 27% to around $0.54 and QNT gained 39% to near $100. Meanwhile, selling pressure in the US bond market has eased slightly, with the 10-year US Treasury yield retreating 2 basis points to 5.17% after climbing more than 20 basis points cumulatively over the previous two trading sessions. Brent crude oil fell about 1% to $105 per barrel as markets focused on reports that the US and Iran may reopen the Strait of Hormuz via a phased agreement. FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's recent pullback is more of a temporary pause within an uptrend, noting that the current upward momentum has not yet ended. Even if BTC falls further to $70,000, it could exert significant pressure on short-term traders, but he believes it remains insufficient to disrupt the broader bullish trend. Additionally, Bitcoin is approaching Friday's Deribit options expiration. The current price sits below $85,000, which is one of the strike prices with a high concentration of call open interest in this expiry batch.
Cryptoquant indicates its 365-day PnL Index signal continues to decline, suggesting the current BTC cycle may not have reached its peak. BTC is currently trading at approximately $62,656, down about 50% from its all-time high of around $126,000 in October 2025. Cryptoquant’s bull-bear cycle indicator turned green on May 12, 2026, marking the first bullish signal since March 2023.Cryptoquant stated that the indicator produced a false positive in 2022, and the green signal itself does not guarantee a sustained upward trend. A whale purchased BTC worth $98.9 million at the June 5 low of $59,734, securing a profit of $3.5 million within two days as the market rebounded. BTC has since remained above $60,000 and was trading at approximately $62,550 at the time of writing. (Bitcoin.com News).