Crypto News – After rising by more than 20% in the last month, Bitcoin this week surpassed the highly anticipated $50,000 mark, demonstrating its continued ability to pique investors’ interest.
Accumulation of Bitcoin Whales: More than 100.000 BTC Accumulated in Just 10 Days
Whales, or wealthy cryptocurrency investors, are currently amassing significant amounts of Bitcoin. According to recent sources, in just the last ten days, these wallets have amassed more than 100,000 BTC, or almost $5 billion.
These organizations’ buying frenzy is an indication that they have high hopes for Bitcoin’s future. There is a chance that the market may continue its upward trajectory, as previous examples of such large accumulations have frequently followed notable price changes.
The digital asset company 21Shares also noted that the current levels of accumulation in Bitcoin are similar to those of the 2021 cryptocurrency bull run. In contrast, because there are fewer bad actors and more institutional interest, this accumulation is accompanied by increased responsibility and less noise.
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