Bitcoin Faces Uncertainty Despite Whale Accumulation: Key Metrics Traders Are Watching
Bitcoin, the world’s largest cryptocurrency by market capitalization, is currently navigating a complex market landscape. Following a notable bullish formation that began in mid-July, Bitcoin experienced a significant upward movement.
Read More...Bitcoin Whales Accumulating BTC at ‘Unprecedented Level,’ According to CryptoQuant CEO
Bitcoin (BTC) is in an accumulation phase, according to the chief executive of CryptoQuant. Ki Young Ju tells his 356,900 followers on the social media platform X that 358,000 BTC moved to permanent holder addresses in the past month. The CEO notes global spot exchange-traded (ETF) inflows in July were only 53,000 BTC.
Read More...Bitcoin Whales Accumulate at ‘Unprecedented Level’ after Adding 358,000 BTC in a Month
The price of the flagship cryptocurrency Bitcoin has risen more than 5% over the past week to currently stand above the $67,000 mark, seeing a price rise after a seismic market rout erased $1 trillion from U.S. equities in their worst day since 2022.
Read More...Crypto Whales Bought These Altcoins in the Fourth Week of July 2024
This week, crypto whales decided to buy into some altcoins even though their performance did not match the previous week. However, the clear accumulation signals confidence in the cryptocurrencies’ near-term potential.
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