Bitcoin whale accumulation hits 670K all-time high amid BTC’s v-shaped bounce

Bitcoin whale accumulation hits 670K all-time high amid BTC’s v-shaped bounce
фото показано с : cointelegraph.com

2024-10-25 19:45

Despite this week’s Bitcoin price drop, whales continued to add to their balance and the current v-shaped BTC recovery could be a sign that new highs are coming.

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Bitcoin (BTC) на Currencies.ru

$ 97747.27 (+0.12%)
Объем 24H $92.09b
Изменеия 24h: 4.69 %, 7d: 7.19 %
Cегодня L: $94006.77 - H: $97747.27
Капитализация $1933.967b Rank 1
Цена в час новости $ 67605.02 (44.59%)

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

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