Key Takeaways
- The number of Bitcoin addresses holding over 1,000 BTC has increased during the latest market downturn.
- This surge suggests strong accumulation by large holders, including institutions and high-net-worth investors.
Bitcoin addresses holding more than 1,000 coins surged during the recent market dip, indicating strong accumulation by large holders.
The rise in whale activity coincided with Bitcoin’s drop to $80,000 last week and its subsequent rebound above $90,000 on Wednesday, indicating that major players bought the dip rather than reducing their exposure.
The increase in these large addresses signals that institutional and high net worth investors viewed the correction as an opportunity to enter the market.
Large Bitcoin holders have continued to accumulate through the volatility, with heavier transaction flows pointing to sustained confidence in Bitcoin’s long term value outlook.
Source: https://cryptobriefing.com/bitcoin-whale-accumulation-market-dip-2024/
