2024

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-whales-increase-their-holdings-in-2024/" data-wpel-link="internal">Bitcoin Whales Increase Their Holdings in 2024</a><br></p>
<p style="text-align: justify"><strong>Bitcoin</strong> whales acted like the shadow kings of the crypto world. Individuals or institutions with massive amounts of Bitcoin have been actively operating in the market since March 2024. Their activities have had noticeable effects not only on Bitcoin but also on the global <a href="https://en.coin-turk.com/hot-update-trillion-dollar-giants-crypto-exchange-announces-exciting-news/" data-wpel-link="internal">crypto market</a> dynamics.</p> 
<h2 style="text-align: justify" id="bitcoin-whales-keep-accumulating">Bitcoin Whales Keep Accumulating</h2> 
<p style="text-align: justify">In March, whale holdings increased by 9.8%, drawing attention. This increase indicated that whales were rapidly expanding their Bitcoin reserves and entering a strong accumulation phase. This trend showed growing confidence among the largest players in Bitcoin’s long-term value appreciation potential.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-355764 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcoin-balina.jpg" alt="" width="1200" height="672"></p> 
<p style="text-align: justify">However, there was a slowdown in April. The accumulation rate of whales decreased, and holdings only increased by 4.2%. Despite the declining rate, it is clear that whales continued to invest in Bitcoin. This likely indicates a strategic choice to wait for better buying opportunities or changes in <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>.</p> 
<h2 style="text-align: justify" id="bitcoin-whales-continued-buying-in-may">Bitcoin Whales Continued Buying in May</h2> 
<p style="text-align: justify">At the beginning of May, Bitcoin’s price saw a significant drop, falling below $57,000 with a decline of over 20%. However, this drop did not deter the whales. On the contrary, they saw this drop as a buying opportunity and purchased significant amounts of Bitcoin during this period. This move once again demonstrated the effectiveness of whales’ strategy to increase their holdings during dips.</p> 
<p style="text-align: justify">Later in May, whale accumulation rose to 5.5%, signaling a revival. This revival showed that whales regained their confidence after the price drop and continued to increase their BTC reserves.</p> 
<p style="text-align: justify">Throughout the year, there was a significant increase in the investments of whales in Bitcoin. Whale investments in Bitcoin doubled from $57 billion to $122 billion according to the “realized value” metric. At this point, Bitcoin whales have become an important part of not only the Bitcoin market but also the overall crypto market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-whales-increase-their-holdings-in-2024/" data-wpel-link="internal">Bitcoin Whales Increase Their Holdings in 2024</a></h5>

Bitcoin Whales Increase Their Holdings in 2024

Table of Contents

COINTURK NEWS

Other articles published on May 25, 2024

Bitcoin Whales Boost Their Holdings

Daily Market Review: BTC, ETH, CORE, UNI, LDO

XRP SEC Lawsuit Update: Is Ripple Prepared For Torres Decision in Remedies Phase?

PEPE’s 12% surge puts meme coins back in the spotlight

ETFSwap’s (ETFS) DApp Launch Pushes Presale To $1 Million In Less Than 24 Hours

Ripple CEO to Speak on Korea Blockchain Week: Details

Join our free newsletter for daily crypto updates!