Bitcoin Whales Dive In: First Major Accumulation in 8 Months

Bitcoin whales buy the dip – first major accumulation in 8 months

After months of sustained selling pressure, a trend reversal now appears to be emerging in the Bitcoin market. New data from Glassnode shows that so-called

Bitcoin Whales Dive In: First Major Accumulation in 8 Months

Bitcoin whales are buying at a rate not seen since August 2024, but other indicators send bearish alerts. Bitcoin at risk of extending the correction as the "death cross" is coming. *** Bitcoin whales buying are a sign of hope in the middle of the bearish market. Bitcoin's biggest headlines accumulate at a rate not seen since August 2024. Despite that, the indicators show a broad negative feeling in the cryptic market. Bitcoin risks further corr…

Bitcoin Whales Just Bought the Dip—$88.4K Breakout Incoming?

Key Insights: Whale accumulation trend continues, signaling steady buying from large Bitcoin holders. Institutional investments rise, with public companies increasing their Bitcoin reserves. Analyst predicts Bitcoin breaking out of bull flag, with target set at $88,400. Bitcoin’s price has remained volatile in recent weeks. After surging to a multi-week high of $88,800, the asset faced a sharp reversal. It fell to $81,600 as resistance levels r…