Author: Elena R Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Sep 3, 2024 13:02
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
A major Bitcoin whale has stacked 1,000 Bitcoins worth $57.3 Million yesterday. Reportedly, this is the second such purchase in just 4 days. With this, the whale now holds 8,559 BTCs worth approximately $490 Million. With the price of Bitcoin below $57,000, wallets holding 100+ Bitcoins have recorded a 17-month high. Despite a bearish August, 283 new wallets surpassed this mark. Further, with a declining supply on exchanges, whales are now moving their holdings to cold wallets.
Source: https://coinpedia.org/crypto-live-news/whale-accumulation-single-wallet-accumulates-2k-btcs-in-4-days-adds-57-3-million-today/