Bitcoin Whales Buy 19K BTC - Can $61K Keep the Recovery Alive?
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8 Articles
Bitcoin Price Setup Turns Constructive as Whales Accumulate
TLDR Bitcoin fell 3% in 24 hours and briefly touched the $63,000 level. Wallets holding 10 to 10,000 BTC added 19,696 BTC in eight days. Small retail wallets showed weaker buying activity during the pullback. Bitcoin ETFs recorded more than $222 million in July inflows. Exchange balances dropped by about 78,000 BTC over six months. Bitcoin price turned lower on Monday after showing strength. The asset fell 3% over 24 hours and briefly touched $…
While Bitcoin currently consolidates between $63,000 and $64,000, on-chain indicators send contrasting signals. Because if whales (large investors) accumulate, for their part small carriers tend to capitulate. However, the percentage of BTC's offer "in profit" goes up, although slowly. Is the market building its bottom (floor), or is it a simple technical rebound in a cycle that has not finished its decline? Bitcoin article: Does the iron arm be…
Why Bitcoin's Current Setup Looks 'Constructive' Despite the Pullback
After showing signs of strength earlier Monday, Bitcoin reversed course shortly after. The crypto asset fell by 3% in the last 24 hours and briefly touched the $63,000 mark. Even as the price weakened, larger holders of the crypto asset have continued accumulating. Supply Shift Santiment found that wallets holding between 10 and 10,000 BTC have added a combined 19,696 units over the past eight days. On the other hand, wallets holding less than 0…
Bitcoin Whales Add 19,696 BTC as Price Fails to Secure $65,500—What’s Next? - Invest In Crypto News
Bitcoin’s price yet again failed to secure the resistance above $65,000 as the market conditions turn bearish. The token struggled below the range, despite a strong recovery from the lows around $57,650. Currently, the price is trading around $63,450 after experiencing a drop of nearly 2.76%, while trading volume increased by 23.85%. On the other hand, the whale wallets have been accumulating an enormous amount of BTC over the past few days as r…
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