Splash

Bitcoin ETF

Bitcoin

Billion

<ul class="news-points"> 
 <li><strong>Bitcoin whales bought more coins worth $12.95 billion since the start of 2024.</strong></li> 
 <li><strong>Retail impact on price has been insignificant as the number of new addresses dropped.</strong></li> 
 <li><strong>Bullish momentum dropped, suggesting a downtrend to $49,941.</strong></li> 
</ul> 
<p>According to Santiment, <a href="https://coinedition.com/bitcoin-btc-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> addresses that hold between 1,000 to 10,000 coins played significant roles in driving the price up. In most corners, Bitcoin’s climb to $52,000 has been attributed only to institutional demand. This was because of the <a href="https://coinedition.com/rise-of-spot-bitcoin-etfs-u-s-surges-past-canada-whats-next/" target="_blank" rel="noreferrer noopener">increasing Bitcoin ETF inflows</a> registered by several issuers.</p> 
<p>However, a recent post by the crypto analysis tool showed that 1,000 to 10,000 BTC holding cohorts have accumulated $12.85 billion in 2024. On the other hand, the 100 to 1,000 group had let go of $7.89 billion within the same period.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f62e.png" alt="😮" class="wp-smiley" style="height: 1em; max-height: 1em;"> Independent from the impressive volume happening with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETF</a>'s, there has been a distinct flip in the level of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a>'s supply being held by different sized wallets:<br><br><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;"> 1K-10K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> wallets: $12.95B added in 2024<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"> 100-1K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> wallets: $7.89B dropped in 2024<br><br>(Cont) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/BL7Mrj6kLq" target="_blank" rel="nofollow">pic.twitter.com/BL7Mrj6kLq</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1758639262558548051?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 16, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-whales-take-the-credit-not-retail">Whales Take the Credit Not Retail</h2> 
<p>The increase …</p>
<p>The post <a href="https://coinedition.com/bitcoin-btc-whales-splash-12-billion-in-accumulation-spree/">Bitcoin (BTC) Whales Splash $12 Billion In Accumulation Spree</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin (BTC) Whales Splash $12 Billion In Accumulation Spree

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