Bitcoin

<p>There has been a historic rise in the number of large ‘shark’ and ‘whale’ Bitcoin wallets holding at least 10 BTC since February 2022, <a href="https://twitter.com/santimentfeed/status/1712980821395784067?s=20" rel="noopener noreferrer nofollow">according</a> to on-chain analytics firm Santiment.</p><p>Over the past 20 months, 11,806 more addresses now hold 10+ BTC – an 8.12% total increase.</p><figure class="wp-block-image size-large"><img width="1024" height="674" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-1024x674.png" alt="" class="wp-image-356014"></figure><p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/go/santiment/">Santiment – Start using it today</a></strong></em></p><p><a href="https://twitter.com/santimentfeed/status/1713310542084133269?t=JY1z9k6VHeN4dz3U05dGsw&amp;s=19" rel="noopener noreferrer nofollow">In another report</a>, Santiment also revealed that Bitcoin saw another huge whale accumulation day recently. 16 more wallets now hold between 100-1,000 BTC, correlating with smaller wallets ‘graduating’ into larger tiers of holdings.</p><p>As key long-term stakeholders continue acquiring more Bitcoin, the argument for a bullish future outlook gets stronger according to analysts. This ongoing accumulation from whales and other large holders represents a vote of confidence in Bitcoin from influential market participants.</p><p>The recent growth in these large holder addresses points to strengthened hands that are focused on the long-term investment thesis. With more whales joining the Bitcoin ecosystem and accumulating sizable positions, it signals enduring bullish conviction in Bitcoin’s future potential.</p><div class="bigofferblock margincenter mb30 pt20 pl20 pr20 "><div class="col_wrap_two mb0"><div class="offerbox_big_wrap flowhidden"><div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" rel="noopener noreferrer nofollow"><img class="lazyload" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"></a></div><div class="product-summary col_item mobileblockdisplay"><h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" rel="noopener noreferrer nofollow"><span>We recommend eToro</span></a></h3><div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong></div><div class="buttons_col mb25 rh_big_btn_inline"><div class="priced_block clearfix"><div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" rel="noopener noreferrer nofollow"> Visit eToro Now </a></div></div></div><div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. </div></div></div></div></div><p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-the-swelling-ranks-of-bitcoin-whales-is-a-bullish-sign-as-whale-btc-accumulation-reaches-new-heights/">Why the Swelling Ranks of Bitcoin Whales is a Bullish Sign as Whale BTC Accumulation Reaches New Heights</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why the Swelling Ranks of Bitcoin Whales is a Bullish Sign as Whale BTC Accumulation Reaches New Heights

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