Key Takeaways
- Whales purchased more than 10,000 BTC (around $1 billion) in the last day.
- The accumulation signals high holder and institutional confidence in Bitcoin amid market uncertainty.
Bitcoin whales accumulated over 10,000 BTC in the last 24 hours, signaling major holder confidence amid broader market uncertainty.
The accumulation comes as retail investors show fear and engage in panic selling. Whales, large cryptocurrency holders with significant market influence, often increase positions during price dips to capitalize on potential recovery trends.
Major whale cohorts, including accumulator whales, have been boosting their Bitcoin positions as a signal of conviction in upcoming rebounds. Smart money players typically load up on Bitcoin during market cooldowns, following patterns of pre-uptrend accumulation.
The buying activity represents approximately $1 billion worth of Bitcoin at current prices, demonstrating substantial institutional-level interest in the flagship cryptocurrency.
Source: https://cryptobriefing.com/bitcoin-whales-accumulate-10000-btc-last-24-hours/
