Bitcoin

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Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) has been consolidating around the $42,500 mark as the holiday season ends and 2024 begins. Data shows that two whales have accumulated a significant amount of BTC as the price looks bullish. 
Bitcoin is down by 0.5% in the past 24 hours and is trading at $42,450 at the time of writing. The asset’s market cap is still hovering above $831 billion with a daily trading volume of $27.7 billion. 
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 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2023/12/Bitcoin-BTC-11.57.27-27-Dec-2023-1024x347.png" alt="Bitcoin holders at ATH, two whales accumulate over 19k BTC - 28" class="wp-image-14231767">
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 BTC price, whale activity, RSI and total amount of holders – Dec. 27 | Source: Santiment
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On-chain data shows that two whales have accumulated a total of 19,349 BTC — worth more than $820 million at the current price point — over the past day. One whale transferred <a href="https://blockstream.info/address/1F5DJVhE4MmtLDjFFhtLEiNEdv5o88MWZt" target="_blank" rel="noopener">9,723</a> BTC and the other one sent <a href="https://blockstream.info/address/1KxDr1tYR8mAdkSqDgW8q9TjbjymBFJmPF" target="_blank" rel="noopener">9,624</a> coins from Coinbase to two newly created wallets. 
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According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BTC registered a 13.4% surge in the past 24 hours — rising from 6,559 to 7,438 unique transactions in a day. 
Per a crypto.news report, Bitcoin whale transactions have consistently <a href="https://crypto.news/bitcoin-falls-below-43k-low-volatility-expected/">registered</a> declines between Dec. 22 and 26.&nbsp; 
Moreover, the total number of Bitcoin addresses has been consistently rising since Nov. 28. Per Santiment, Bitcoin wallets just reached an all-time high of 52.44 million unique wallets in existence. 
Following recent market conditions, Bitcoin might be on the verge of a new price hike. According to Santiment, Bitcoin’s Relative Strength Index (RSI) just dropped from 64 to 57 over the past 24 hours. A lower RSI suggests a better price surge potential. 
For <a href="https://crypto.news/bitcoin-hash-rate-hits-new-high-with-544-eh-s/">Bitcoin</a> to gain bullish momentum, the RSI indicator should remain below the 60 mark. 
 Read more: <a href="https://crypto.news/todays-top-cryptocurrency-gainers-pancakeswap-sei-bnb/"> Today’s top cryptocurrency gainers: PancakeSwap, Sei, BNB </a>

Bitcoin holders at ATH, two whales accumulate over 19k BTC

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