Bitcoin Whales Buy $1.34 Billion In BTC In One Day – Is Return To $70,000 Imminent?
Submitted by Anonymous (not verified) on Sat, 05/25/2024 - 13:40Following rumors of a potential Et
Following rumors of a potential Et
Heading into the year 2024, Bit
While Bitcoin continues to trade within the $60,000 to $70,000 range, a new wave of optimism is emerging from on-chain analysis.
Based on on-chain data, here’s how much unrealized profit the various Bitcoin whale and miner groups are holding right now.
Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000.
On-chain data shows the Bitcoin whales have continued to hold onto their coins despite the fact that BTC has gone through bearish action recently.<
On-chain data shows the Bitcoin exchange inflows have remained low recently, a sign that the whales have been disinterested in selling.
On-chain data shows the Bitcoin whales have gone on a huge buying spree in the past week, a sign that could be bullish for the coin’s value.
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