Bitcoin: Whales accumulate despite stagnating prices – is this why?
The post Bitcoin: Whales accumulate despite stagnating prices – is this why? appeared on BitcoinEthereumNews.com. Despite Grayscale’s ETF developments, Bitcoin’s price stagnated, causing concern. Whale accumulation and aged Bitcoin movements indicated potential market shifts. Despite Grayscale’s ETF moving closer to seeing the green light, the price of Bitcoin [BTC] remained stagnant. This event made many traders pessimistic about whether Bitcoin will see growth in the future. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Whales move in However, according to Santiment, whale accumulation was on the rise. Notably, sixteen more wallets held between 100-1K BTC. As key stakeholders grew, the argument for a bullish future got stronger. Source: Santiment Meanwhile, there was a notable movement of older BTC. More than 16,000 Bitcoins aged between two and five years have recently been moved. Transactions of this magnitude and age are relatively rare in the Bitcoin network, and this occurrence has garnered considerable attention.
The post Bitcoin: Whales accumulate despite stagnating prices – is this why? appeared on BitcoinEthereumNews.com.
Despite Grayscale’s ETF developments, Bitcoin’s price stagnated, causing concern. Whale accumulation and aged Bitcoin movements indicated potential market shifts. Despite Grayscale’s ETF moving closer to seeing the green light, the price of Bitcoin [BTC] remained stagnant. This event made many traders pessimistic about whether Bitcoin will see growth in the future. Read Bitcoin’s [BTC] Price Prediction 2023-2024 Whales move in However, according to Santiment, whale accumulation was on the rise. Notably, sixteen more wallets held between 100-1K BTC. As key stakeholders grew, the argument for a bullish future got stronger. Source: Santiment Meanwhile, there was a notable movement of older BTC. More than 16,000 Bitcoins aged between two and five years have recently been moved. Transactions of this magnitude and age are relatively rare in the Bitcoin network, and this occurrence has garnered considerable attention.
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