Bitcoin’s long term holders are still accumulating BTCThe Bitcoin supply held by long term holders is yet to hit 2017 levelsThe long term holders of Bitcoin are not spending their BTC as is usually the case during a topBitcoin whales have accumulated 90k BTC since April 5thBitcoin (BTC) is yet to hit a top for the current bull cycle. This is according to data by the team at … [Read more...] about Bitcoin’s Top is Not In, Long Term Hodlers Are Still Accumulating BTC
Accumulating
On-chain data shows ‘whales’ are accumulating Bitcoin despite fearful markets
Bitcoin (BTC) recently went through one of the steepest corrections seen since the beginning of the year. After rising to a new all-time high of nearly $65,000 on April 14, the world’s largest cryptocurrency by market cap took a 7.50% nosedive. But the losses accelerated quickly on Apr. 18 after a power outage in Xinjiang, China, forced many Bitcoin miners to shut … [Read more...] about On-chain data shows ‘whales’ are accumulating Bitcoin despite fearful markets
On-chain data shows Bitcoin miners are HODLers and accumulating
Bitcoin miners are accumulating the asset at the current price range against a generally bullish backdrop and rising demand for the world’s largest cryptocurrency by market cap.When miners HODLData from on-chain analytics platform Glassnode for the ‘Miner Net Position’ metric—which tracks miner addresses to show inflows/outflows—showed most miners were net holders of Bitcoin … [Read more...] about On-chain data shows Bitcoin miners are HODLers and accumulating
Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This trend indicates that the confidence in Bitcoin is strengthening as the price is now attempting to stabilize above the $50,000 level.Why whale confidence is importantDuring bull cycles, whales can take profit on their … [Read more...] about Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
Institutions and miners accumulating through Bitcoin chop; whales uncertain
After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed.Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales — a term for wallets that hold between 1,000 and 10,000 BTC — has at … [Read more...] about Institutions and miners accumulating through Bitcoin chop; whales uncertain