Top Bitcoin Price Predictions Amid BTC Buying Spree from Large Investors

Large Bitcoin investors are accumulating more assets despite recent volatility, which could reduce supply and positively impact the price.According to IntoTheBlock, though, large investors have been unfazed by the enhanced volatility, accumulating more assets during that period. The platformbetween 100 BTC and 1,000 BTC have been on a buying spree and now own 20.3% of Bitcoin’s circulating supply or more than 4 million assets. The stash is worth more than $230 billiona 17-month high.

accumulation mode on, it can give the impression that they expect the price to rise in the future, which may motivate other investors to jump on the bandwagonearlier this year. The event occurs approximately every four years and cuts in half the rewards given to miners for validating new blocks on the network. Historically, it has been a precursor of aa BTC price explosion to as high as $120,000 in the following months.

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