Monday 10 July 2023

WHALES AND SHARKS CONTINUE TO ACCUMULATE BITCOIN

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On-chain data has made it explicit that #wallet #addresses of shark and whale have continued to stockpile #Bitcoin at all times during the recent price rally.
 
It can be regurgitated that the price of Bitcoin snowballed to N31,000 last week, hitting a new high for the year 2023.
 
We had earlier published how wallet addresses holding between 10 and 10,000 Bitcoins have accumulated 71,000 coins equating to $2.15 billion over the past three weeks, according to data from #Santiment.
 
Santiment’s contemporary data has revealed that Bitcoin’s sharks and whales are not showing any signs of slowing down, even with price beginning to stagnate in this $30,000 to $31,000 range.
 
They have continued to mop up the coin.
 
Following hitting $31,000 last Monday, Bitcoin has continued to experience selling pressure and has moved closer to $30,000

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