According to on-chain data provider Santiment, BTC whales holding between 1000 and 10,000 coins accumulated 15,121 BTC valued at $930 million between the 7th and the 8th of May.ranges tightly between $61K and $64K, large whales have made some accumulation moves over the past 24 hours. Wallets with 1K-10KAt press time, this group of BTC investors held 38% of the coin’s circulating supply of 20 million BTC.At press time, BTC exchanged hands at $61,621.
Market participants often view this as a sign that sellers are in control and that the asset’s price will likely continue declining. Further, the coin has seen a decline in demand among general market participants. An assessment of its key momentum indicators showed them below their respective center lines at press time.
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