Overview

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Whales are aggressively accumulating $BTC at a time when the retail investors are exiting the Bitcoin ecosystem, highlighting the indications of a potentially On-chain data supports: In the past 48 hours, whale wallets suddenly increased their holdings by 20,000 BTC (worth $1.7 billion), directly giving the market a boost. According to data from Glassnode, wallets holding more than 10,000 BTC continue to accumulate, with their trend score hovering near 0.7indicating sustained bullish activity from As per recent data curated by Santiment, Bitcoin whales were bagging a significant number of BTC over the past week. The platform pointed out that addresses Based on data from Glassnode, the cohort of whales with large-scale wallets now have a 0.6 points accumulation score, up from 0.5 points just a week ago. The trend However, the chart reveals something even more compelling – the accumulation by large Bitcoin holders, often referred to as “whales.” According to the data On-chain metrics from Glassnode indicate an increase in the number of addresses holding more than 1,000 BTC, rising from 2,100 to 2,150 addresses (Glassnode Bitcoin whales have accumulated over 20,000 BTC in just 48 hours, fueling bullish speculation as BTC consolidates near the $95K breakout zone. Hace 2 días What stands out is that entities holding 10,000 BTC or more typically classified as whales were the first to begin accumulating at the market’s April lows at around $75,000.

Bitcoin Whales Aggressively Accumulate as BTC Consolidates Around $20,000: What It Means

Is Bitcoin poised for a major move? All eyes are on Bitcoin as it consolidates around the $20,000 mark. However, behind the scenes, a powerful force is at play: Bitcoin whales are aggressively accumulating $BTC. This trend, happening while retail investors are seemingly exiting the Bitcoin ecosystem, could signal a significant shift and a potentially bullish outlook.

Whale Accumulation Fuels Optimism

According to data curated by Santiment and other on-chain analysis platforms, Bitcoin whales have been bagging a significant number of BTC over the past week. What stands out is that entities holding 10,000 BTC or more – typically classified as whales – were the first to begin accumulating at the market’s April lows. This early accumulation hints at strong conviction from these large holders.

On-chain data supports this observation. In the past 48 hours alone, whale wallets suddenly increased their holdings by 20,000 BTC (worth $1.7 billion), directly giving the market a boost. Glassnode data reinforces this trend, showing that wallets holding more than 10,000 BTC continue to accumulate, with their trend score hovering near 0.7, indicating sustained bullish activity.

Data Points to Strong Accumulation

Based on data from Glassnode, the cohort of whales with large-scale wallets now has a 0.6 points accumulation score, up from 0.5 points just a week ago. The trend is clear: whales are accumulating. Furthermore, on-chain metrics from Glassnode indicate an increase in the number of addresses holding more than 1,000 BTC, rising from 2,100 to 2,150 addresses. This expanding base of large holders provides a stronger foundation for future price appreciation.

While Bitcoin consolidates near this key level, the aggressive accumulation by these major players suggests they anticipate a significant upward move. Keep a close eye on whale activity; it could be a leading indicator of Bitcoin's next rally.

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