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MainNewsWhales Scoop...

Whales Scoop Up $5B BTC Since March, Echoes Pre-80% Rally Behavior


by Lipika Deka
for CoinEdition
Bitcoin Whales Resume Strong Buying; $5B Haul Since March
  • Bitcoin wallets holding >10K BTC show near-perfect accumulation.  
  • 1K–10K BTC wallets score 0.7, signaling strong buying pressure.  
  • Accumulation could trigger a supply squeeze if demand rises.

Large Bitcoin holders, “whales,” are at it again with an aggressive accumulating spree. According to Glassnode data, wallets holding over 10,000 BTC have resumed near-perfect accumulation behavior, showing a trend accumulation score of 0.9, the strongest in recent times. This whale resurgence comes as Bitcoin pushes back above the $90K level, suggesting these deep-pocketed players are positioning for a potential major leg up.

Glassnode’s trend accumulation score, which tracks whether wallet groups are net buying or selling, shows similar conviction among mid-sized holders. Wallets with 1,000–10,000 BTC boast a strong 0.7 score, while the 100–1,000 BTC cohort is trending towards 0.5, indicating broad-based buying strength.

$5B Bitcoin Haul Since March Echoes Pre-Rally Behavior

Since the beginning of March, Bitcoin whales have accumulated tens of thousands of BTC valued at over $5 billion. The last time we saw such aggressive whale accumulation, $BTC was belo…

The post Whales Scoop Up $5B BTC Since March, Echoes Pre-80% Rally Behavior appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin (BTC) is once again at the center of market attention, as it fights to solidi...
Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona’s push to integrate Bitcoin into its treasury advanced on Monday, as the stat...
MainNewsWhales Scoop...

Whales Scoop Up $5B BTC Since March, Echoes Pre-80% Rally Behavior


by Lipika Deka
for CoinEdition
Bitcoin Whales Resume Strong Buying; $5B Haul Since March
  • Bitcoin wallets holding >10K BTC show near-perfect accumulation.  
  • 1K–10K BTC wallets score 0.7, signaling strong buying pressure.  
  • Accumulation could trigger a supply squeeze if demand rises.

Large Bitcoin holders, “whales,” are at it again with an aggressive accumulating spree. According to Glassnode data, wallets holding over 10,000 BTC have resumed near-perfect accumulation behavior, showing a trend accumulation score of 0.9, the strongest in recent times. This whale resurgence comes as Bitcoin pushes back above the $90K level, suggesting these deep-pocketed players are positioning for a potential major leg up.

Glassnode’s trend accumulation score, which tracks whether wallet groups are net buying or selling, shows similar conviction among mid-sized holders. Wallets with 1,000–10,000 BTC boast a strong 0.7 score, while the 100–1,000 BTC cohort is trending towards 0.5, indicating broad-based buying strength.

$5B Bitcoin Haul Since March Echoes Pre-Rally Behavior

Since the beginning of March, Bitcoin whales have accumulated tens of thousands of BTC valued at over $5 billion. The last time we saw such aggressive whale accumulation, $BTC was belo…

The post Whales Scoop Up $5B BTC Since March, Echoes Pre-80% Rally Behavior appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin (BTC) is once again at the center of market attention, as it fights to solidi...
Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto

Arizona’s push to integrate Bitcoin into its treasury advanced on Monday, as the stat...