Bitcoin

While Bitcoin continues to push the $28,000 level, whales continue to buy BTC.
At this point, popular on-chain data provider Santiment said that Bitcoin's medium and large-sized wallets received 71,155 BTC worth $ 1.95 billion in the last 6 weeks.
Santiment added that this number of BTC is close to the 90,000 BTC held by medium and large-sized whales in November 2021.
<blockquote>
 “Bitcoin's mid- and large-sized wallets have accelerated their BTC accumulation, adding 71,155 BTC ($1.95 billion worth) in the last 6 weeks alone.
 The total assets of these addresses are only 0.59% away from 15.29 million, or 90 thousand BTC, held in November 2021.”
</blockquote>
At this point, experts commenting on whales' BTC purchase think that this accumulation may be a rising signal for the Bitcoin price.
Bitcoin is trading at $27,732 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f988.png" alt="🦈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>'s mid to large sized wallets have gained steam in accumulating coins, adding 71,155 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> ($1.95B) in the past 6 weeks alone. The combined holdings of these addresses are within ~90K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> (0.59% away) from their 15.29M held in November, 2021. <a href="https://t.co/FL5GaLOkJa" rel="noopener noreferrer nofollow">https://t.co/FL5GaLOkJa</a> <a href="https://t.co/c8qK4nqwrc" rel="noopener noreferrer nofollow">pic.twitter.com/c8qK4nqwrc</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1710031515403591884?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/whales-acting-on-bitcoin-bought-71155-btc-in-the-last-six-weeks-bullish-signal/">Whales Acting on Bitcoin Bought 71,155 BTC in the Last Six Weeks! Bullish Signal?</a>

Whales Acting on Bitcoin Bought 71,155 BTC in the Last Six Weeks! Bullish Signal?

Bitcoin Sistemi EN

Other articles published on Oct 6, 2023

MOBLAND Integration into Byte City: The Mafia Vertical

By the End of December 2023 Yield Protocol will Close

Investors Panicked, Selling at a Loss in These Three Altcoins! What Does This Signal? Santiment R...

As the market continues to plummet, venture capital funding for cryptocurrency drops to three-yea...

LABITCONF 2023 La (R)evolución llega a Buenos Aires

VEXT Is Now Available On Gate.io

Join our free newsletter for daily crypto updates!