Bitcoin whales buy up 250K BTC in 2024 alone - Sign of market confidence?

2024-2-18 07:30

Bitcoin exchange reserve noted a drop in the past three weeks. The steady accumulation among whales signaled expectations of further price appreciation. Bitcoin [BTC] has witnessed a massiveThe post Bitcoin whales buy up 250K BTC in 2024 alone - Sign of market confidence? appeared first on AMBCrypto.

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bitcoin btc whales sign market confidence alone

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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.

2024-10-6 07:00