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<img decoding="async" width="1280" height="854" src="https://coingape.com/wp-content/uploads/2024/02/bitcoin-cryptocurrency-trader-e1714389378299.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin whale BTC price" style="float:right; margin:0 0 10px 10px;">
The Bitcoin price remains steady above the $66,000 mark today, instilling confidence among investors. Meanwhile, recent data reveals a significant accumulation of <a href="https://coingape.com/btc-price-apollo-co-founder-predicts-bitcoin-rally-to-5m-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> by whales, totaling over 3400 BTC in a series of transactions.&nbsp;Notably, this surge in whale activity, despite recent price highs,&nbsp;suggests a growing bullish sentiment in the market, fueling anticipation of a potential price rally.
<h2 id="span-data-preserver-spaces-true-whales-accumulate-over-3400-btc-span">Whales Accumulate Over 3400 BTC</h2>
Recent reports highlight notable activity among Bitcoin whales, indicating a surge in accumulation despite the cryptocurrency’s recent price surge. According to data from HODL15Capital, a prominent <a rel="noopener noreferrer nofollow" href="https://bitinfocharts.com/bitcoin/address/15cHRgVrGKz7qp2JL2N5mkB2MCFGLcnHxv-nodusting" target="_blank">Bitcoin whale</a> identified by the wallet address “15cHR…cnHxv” has acquired 255 Bitcoin at an average price of approximately $65,116.&nbsp;
With this recent accumulation, the total holdings of the whale surged to around 23.09K Bitcoin, equating to an estimated profit of nearly $986 million.&nbsp;
In addition, Whale Alert reports two other significant transactions. The first transfer involved a whale identified by the wallet address “33ds4…Q1yCc,” which has moved a substantial amount of 2400 Bitcoin from the <a href="https://coingape.com/glossary/coinbase/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> exchange. Simultaneously, an unidentified whale, marked by the wallet address “bc1qv…m4jpf,” has transferred 770 Bitcoins from Gemini.
Meanwhile, the recent surge in whale accumulation has sparked discussions within the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> community regarding its potential impact on Bitcoin’s price trajectory. Historically, whale activity often serves as&nbsp;a significant indicator of market sentiment, with accumulation typically leading to upward price movements.&nbsp;
Consequently, many market analysts and enthusiasts are now speculating on the likelihood of a forthcoming Bitcoin price rally, buoyed by the increased demand from large investors.
Also Read: <a href="https://coingape.com/shiba-inu-coin-whale-dumps-199b-shib-to-coinbase-whats-next/" target="_blank" rel="noopener noreferrer nofollow">SHIB Whale Dumps 199B Shiba Inu To Coinbase, What’s Next?</a>
<h2 id="span-data-preserver-spaces-true-price-performance-amid-speculations-span">Price &amp; Performance Amid Speculations</h2>
As Bitcoin continues to attract attention from institutional and retail investors alike, the actions of whales&nbsp;play a crucial role in shaping market dynamics.&nbsp;The accumulation of significant amounts of Bitcoin by whales&nbsp;not only&nbsp;reflects their confidence in the asset&nbsp;but also&nbsp;signals a bullish outlook for the broader market.&nbsp;
With the potential for increased buying pressure stemming from whale activity, investors are closely monitoring market developments in anticipation of a potential price surge.
Simultaneously, the recent positive trend noted in the <a href="https://coingape.com/u-s-spot-bitcoin-etfs-bought-5-times-the-btc-mined-this-week/" target="_blank" rel="noopener noreferrer nofollow">U.S. Spot Bitcoin ETF</a> has also fueled&nbsp;the confidence of investors. Notably, the U.S. Bitcoin ETF has witnessed muted trading over the past few&nbsp;days,&nbsp;after regaining its momentum this week.
As of writing, the <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> stayed near the bay and traded at $66,239.83, while its one-day trading volume slipped 27% to $30.97 billion.&nbsp;Notably, over the last 24 hours, the BTC price touched a high of $66,712.43, signaling the&nbsp;growing interest of the investors.&nbsp;Besides, the CoinGlass data showed that the <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank">Bitcoin Futures Open Interest</a> rose 0.46% to $32.23 billion from yesterday.
Also Read: <a href="https://coingape.com/18000-bitcoin-options-set-to-expire-today-whats-ahead-for-btc-price/" target="_blank" rel="noopener noreferrer nofollow">18,000 Bitcoin Options Set to Expire Today, What’s Ahead for BTC Price?</a>
The post <a href="https://coingape.com/bitcoin-whales-bag-3400-btc-signaling-price-rally-ahead/" rel="noopener noreferrer nofollow">Bitcoin Whales Bag 3400 BTC Signaling Price Rally Ahead</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Bitcoin Whales Bag 3400 BTC Signaling Price Rally Ahead

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