Bitcoin [BTC] whales are on the move again, will this kickstart a new rally?

Bitcoin whales started to show interest in the king coin yet again. Should retail investors be skeptical of a rally?

ReadAs BTC prices reached $30,000, whales started exiting their positions, leaving retail investors in the dust. However, it was recently observed that whales have started to show interest in accumulating BTC yet again.

As per the data provided by Santiment, during the slight dip and wavering of prices, the addresses that held 100 to 10,000 BTC added a total of 64,094 coins to their pile since 11 April.Due to the high interest in BTC from whales, the BTC supply per whale value reached a stable number ofWhen there is a high accumulation of Bitcoin by whales, it suggests that these large holders have a bullish sentiment toward the cryptocurrency.

Though whales dominating the BTC supply may impact BTC prices positively in the short term, it could make retail investors more vulnerable. According to glasssnode’s data, the number of addresses holding 0.01 coins has reached an all-time high. This suggested that retail investors continued to show faith in BTC.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

CryptoAmb /  🏆 22. in CA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Bitcoin [BTC]: Altcoins bite the dust as these investors prefer king coin, as per…Bitcoin's volume rose to its highest in over a month, leaving top altcoins trailing. Moreso, retail investors over the past year resolved to HODL BTC.
اقرأ أكثر »

Bitcoin: Exploring the curious case of dormant BTC as ancient supply worth billions awaitsDespite Bitcoin's volatility, Glassnode's data revealed that a significant portion of the cryptocurrency remains dormant, with 91.7% of the ancient supply currently untouched.
اقرأ أكثر »

Bitcoin [BTC]: Interest in Ordinals rises, but is FUD on the way?Interest in BTC ordinals started to surge, due to which the fees collected on the network increased. However, the FUD surrounding U.S. government and Mt.Gox wallets may impact BTC in the future.
اقرأ أكثر »

As Bitcoin [BTC] emerges victorious amidst banking crisis, will it reclaim $30kThe spate of banking collapses in March led investors to put their funds in the crypto market and see BTC as a hedge against traditional finance.
اقرأ أكثر »

Bitcoin Apr. 28 daily chart alert - Choppy price action slightly favors bulls
اقرأ أكثر »

Fugitive CEO ordered to pay $3.4 Billion in record fraud case involving BitcoinA US judge ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin — the highest\u002Dever…
اقرأ أكثر »