|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Whales Accumulate $5.76B Worth of BTC as Marketwide Correction Shakes Out 'Uncertain' Traders: Santiment
Aug 20, 2024 at 04:04 pm
Deep-pocketed Bitcoin investors are snapping up billions of dollars worth of BTC, according to analytics firm Santiment.
Bitcoin (BTC) investors with deep pockets are accumulating billions of dollars in BTC, analytics firm Santiment notes.
After purchasing over $5.76 billion in BTC during a market correction, Bitcoin whales are continuing to accumulate, according to Santiment on the social media platform X.
“Specifically wallets that hold between 100-1,000 BTC have accumulated 94,700 more coins in the last six weeks. As price uncertainty has shaken many traders out of crypto, key stakeholders are loading up.”
Fellow analytics firm Glassnode agrees with Santiment’s assessment that investors are accumulating Bitcoin despite the market uncertainty.
According to Glassnode, one on-chain measure that monitors the balance size and accumulation patterns of market participants is flashing green for Bitcoin.
“The Accumulation Trend Score (ATS) suggests a market shift back to accumulation, with the ATS reaching its maximum value of 1.0, indicating substantial accumulation over the past month.”
Earlier this month, the CEO of analytics firm CryptoQuant stated that the Bitcoin bull-bear market cycle indicator, which tracks phases of investor sentiment, had returned to bullish after briefly entering bear territory.
“Most Bitcoin cyclical on-chain indicators that were at the borderline have now shifted back to signaling a bull market. BTC was discounted for only three days.”
At the time of writing, the price of Bitcoin is $60,516, up more than 4% over the past 24 hours.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
- The Fascinating World of Rare British 50p Coins: From Benjamin Bunny to Kew Gardens
- Nov 23, 2024 at 04:25 am
- The world of coin collecting has seen a surge in interest over the years, with certain rare coins fetching eye-watering prices at auctions and on marketplaces like eBay. Among the most sought-after coins in the UK are 50p pieces, particularly those that feature unique designs or commemorate significant national events.
-
- The King Charles III 50p Coin: A New Era of Collectibles
- Nov 23, 2024 at 04:25 am
- The Royal Mint has released a series of 50p coins featuring the portrait of King Charles III, but one particular coin has quickly surpassed even the iconic Kew Gardens 50p coin in terms of desirability. With the growing interest in coin collecting, it’s now more important than ever to check your change — you may be holding onto a hidden treasure that could be worth much more than its face value.
-
-
-
- XRP (XRP) Keeps Attracting Interest With Its Increasing Price Trajectory as Rexas Finance (RXS) Emerges a Possible Rival
- Nov 23, 2024 at 04:25 am
- XRP has increased 4.34% over the previous 24 hours, raising its market capitalization above $65 billion. With analysts speculating about the likelihood of a major price breakout, this little movement has driven forecasts that XRP might shortly break $1.50. But another growing star in the crypto scene while the globe observes XRP’s every action is Rexas Finance (RXS). A Ripple millionaire sees this coin as a major rival to XRP’s supremacy since he believes it might soar by an amazing 19,900% to $16 in the next 70 days or less.