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<ul> 
 <li>Deep-pocketed Bitcoin investors have spent over $800 million on BTC in the last three months.</li> 
 <li>Bitcoin millionaires and billionaires have increased their BTC holdings to 11.5 million.</li> 
 <li>Bitcoin’s low volatility indicates a potentially massive bull run, according to InvestAnswers.</li> 
</ul> 
<p>Bitcoin’s BTC is making waves in the crypto world, with deep-pocketed investors splurging over $800 million on the king of crypto during the last three months. This significant accumulation has pushed the total amount of BTC owned by these investors up to 11.5 million, which is over half of BTC’s overall supply.</p> 
<p>The surge in activity is likely due to a combination of factors, including the broader bull market for cryptocurrencies and the recent price rally for BTC. According to market intelligence firm <a href="https://twitter.com/santimentfeed/status/1686977209033195520" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, Bitcoin millionaires and billionaires have ramped up their activity since May, accumulating the top crypto asset by market cap at a high rate.</p> 
<p>A popular crypto analyst from InvestAnswers suggests that Bitcoin’s low volatility is a sign of an impending bull market. Bitcoin has a history of going on massive runs almost every single time after a period of low volatility. In fact, Bitcoin’s current level of volatility is the second-lowest ever on record. The only time it was lower was back in 2017, right before the bull run that took Bitcoin up to $20,<a href="https://cryptonewsland.com/bitcoin-targets-key-price-trading-plan/" rel="noopener noreferrer nofollow">000</a>.</p> 
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<p>Looking ahead, the future of Bitcoin in the crypto space appears bright. With the continued innovation in the Bitcoin ecosystem and the increasing adoption of BTC by merchants and businesses, Bitcoin is well-positioned to drive the next wave of growth in the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/" rel="noopener noreferrer nofollow">crypto market</a>.</p> 
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<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/xrp-vs-bitcoin-reaching-millionaire-status-with-fewer-coins/" rel="noopener noreferrer nofollow">XRP vs. Bitcoin: Reaching Millionaire Status with Fewer Coins</a></li> 
 <li><a href="https://cryptonewsland.com/dogecoin-millionaire-buys-10k-ada-after-community-poll-results/" rel="noopener noreferrer nofollow">Dogecoin Millionaire Buys $10K ADA After Community Poll Results</a></li> 
 <li><a href="https://cryptonewsland.com/cryptos-bull-run-creates-new-millionaires/" rel="noopener noreferrer nofollow">Crypto’s Bull Run Creates New Millionaires, Advises Strategic Selling</a></li> 
 <li><a href="https://cryptonewsland.com/planb-drops-pearls-of-wisdom-how-to-be-a-millionaire/" rel="noopener noreferrer nofollow">PlanB Drops Pearls of Wisdom: How to be a Millionaire</a></li> 
 <li><a href="https://cryptonewsland.com/are-meme-coins-the-cheapest-way-to-become-crypto-millionaires/" rel="noopener noreferrer nofollow">Are Meme Coins the Cheapest Way to Become Crypto Millionaires?</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/bitcoins-bull-run-the-calm-before-the-rampage-as-millionaires-accumulate-btc/">Bitcoin’s Bull Run: The Calm Before the Rampage as Millionaires Accumulate BTC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin’s Bull Run: The Calm Before the Rampage as Millionaires Accumulate BTC

Crypto News Land

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