There has been a surge in market activity from large investors despite the decline in Bitcoin value since its all-time high.large holders have actively accumulated the coin despite the recent correction in the coin’s price after trading at a new all-time high of $69,170 on 5th March, Santiment noted in a
Likewise, the number of addresses holding between 10,000 and 100,000 BTC has spiked by 4% during the same period. As highlighted in the report, this trend put BTC at risk of decline because a large amount of its supply is controlled by this investor cohort comprised of traders who are ready to sell their coins for gains at any slight change in market sentiment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: Whale’s $3.2 billion move, ETF inflows, and moreBitcoin's surge, fueled by a whale injecting billions, boosts confidence. New ETFs draw $340M, maintaining momentum despite outflows
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Is following BTC whales even profitable?Whales trading Bitcoin at $40.5K missed profit opportunities, potentially causing short-term downward pressure.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Gold-backed ETFs see outflows as Bitcoin gains investment demandThe debate between gold and Bitcoin intensifies as gold-backed ETFs experience outflows while Bitcoin gains investment demand.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin: Analyst explains why it’s still not too late to buy BTC at $45,000Bitcoin has surged beyond $45,000, sparking optimism. Is this the time to buy? Maybe, maybe not. Here's what this expert says...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin breaks into the $46K range, triggers setbacks for shortsBitcoin has hit the $46,000 price level for the first time in months, which has sent many short positions into liquidations.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Exec claims Bitcoin ETF is the ‘perfect Trojan horse’Bitcoin's integration with traditional finance and retirement plans signals a new phase of crypto adoption and investment options...
Source: CryptoAmb - 🏆 22. / 68 Read more »