Bitcoin whales have accumulated BTC worth $ 2.3 billion in 5 weeks: data

Veröffentlicht: 17. Mai 2023, 12:49 Uhr

Von: Krypto News Österreich

Der Preis von Bitcoin hat sich nach zahlreichen gescheiterten Versuchen, die psychologische Widerstandsmarke von 30.000 US-Dollar zu überwinden, bei rund 27.000 US-Dollar stabilisiert. Es scheint, dass das Krypto-Asset in eine Konsolidierungsphase eingetreten ist. Aber vielleicht gibt es hier eine Chance. Die Adressen wichtiger Wale haben sich in den letzten fünf Wochen stetig angesammelt, da das weltweit größte Krypto-Asset in Stagnation geraten ist. Im Berichtszeitraum sammelte diese Kohorte von Marktteilnehmern – die zwischen 1.000 und 10.000 BTC hielten – insgesamt 84.897 BTC (im Wert von etwa 2,3 Milliarden US-Dollar zu heutigen Preisen). Ein solcher Schritt deutet darauf hin, dass Anleger die … — After numerous failed attempts to overcome the psychological resistance brand of $ 30,000, the price of Bitcoin has stabilized at around $ 27,000. It seems that the crypto asset has entered a consolidation phase. But maybe there is a chance here. The addresses of important whales have steadily accumulated in the past five weeks because the world's largest crypto asset has become stagnated. In the reporting period, this cohort collected a total of 84,897 BTC (worth around $ 2.3 billion at today's prices). Such a step suggests that investors ... (Symbolbild/KNAT)

The price of Bitcoin has stabilized at around $ 27,000 after numerous failed attempts to overcome the psychological resistance brand of $ 30,000. It seems that the crypto asset has entered a consolidation phase. But maybe there is a chance here.

The addresses of important whales have steadily accumulated in the past five weeks because the world's largest crypto asset has been stagnated.

In the reporting period, this cohort collected a total of 84,897 BTC (worth around $ 2.3 billion at today's prices).
Such a step suggests that investors see the recent stagnation of the price movement as an opportunity to acquire further parts of the financial value.
According to the analysis company Santiment, Bitcoin's price rose by almost 35 %in January when these wal addresses went into accumulation mode.

🐳 #bitcoin The most important address level for large whales has recorded a steady increase in the past five weeks and reached a total of 84,897 $ BTC During this time the prices stagnate. In their previous accumulation cycle in January, prices rose by +34.4 %. https://t.co/flhccbojza 16. May 2023

K33 had previously speculated that BTC would reach its maximum at around $ 45,000, and referred to the similarity of its price development with that of the increase in early 2019.
Already in the middle of the month, the largest crypto-asset still has to break through its resistance brand of $ 30,000. Nevertheless, there is another factor that could possibly serve as a catalyst-the movement of a large number of bitcoins from crypto exchanges.
Prominent analyst ali Martinez observed in the last 24 hours more than 20,000 BTC Have left platforms, which indicates that market participants expect a price increase.

While the forecast of $ 45,000 may not arrive this month, since the short-term prospects for Bitcoin seem to be dark, the long-term on-chain indicators on the other hand signaled bullish developments and resemble the early stages of the previous bull markets. As found in the latest report by Bitfinex.