Accumulate

bullish

Value

Bitcoin

Drops

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Despite a price decline, Bitcoin accumulation by crypto whales has significantly increased in the last month.</li>
 <li>The trend indicates renewed confidence among high-net-worth investors in Bitcoin, possibly anticipating future price increases.</li>
</ul>
<p>Despite the recent price decline, <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> has seen a significant increase in accumulation by cryptocurrency whales over the last month.</p>
<p>This data suggests that large holders have accumulated a substantial volume of Bitcoin, leading to an increase in the value of their holdings.</p>
<h2 id="whales-accumulate-during-price-drops">Whales Accumulate During Price Drops</h2>
<p>Data from Lookonchain shows that a specific whale address intensified its Bitcoin accumulation as the previous month ended. In just two days, this whale accumulated a total of 5,800 Bitcoin, valued at nearly $400 million.</p>
<p>Despite a downward trend in Bitcoin’s price from the 29th to the 31st of July, the whale’s significant accumulation indicates a bullish stance by large-scale investors.</p>
<h2 id="whale-holdings-increase-in-value">Whale Holdings Increase in Value</h2>
<p>Data from IntoTheBlock reveals that July saw a significant increase in Bitcoin holdings by crypto whales, marking a notable accumulation period. Addresses that own at least 0.1% of Bitcoin’s circulating supply added over 84,000 Bitcoin to their holdings.</p>
<p>This accumulation represents the largest single-month tally in Bitcoin terms since October 2014, highlighting a substantial boost in whale activity.</p>
<p>Further analysis reveals that accounts holding over $10 million worth of Bitcoin have also seen an increase in the value of their holdings over recent months. The holdings of these addresses have now reached nearly $800 billion, accounting for over half of Bitcoin’s current market capitalization.</p>
<p>This trend of accumulation by whales can indicate bullish sentiment among key market participants, as they may anticipate higher prices in the future or see current levels as undervalued.</p>
<h2 id="whales-hold-a-1-advantage">Whales Hold a 1% Advantage</h2>
<p>The analysis of the Bitcoin Market Value to Realized Value (MVRV) ratio shows a slight increase to just over 1% at present. Despite a recent decline, the MVRV ratio started the month below 1% and subsequently rose, reaching a peak of 10.75% at its highest point this month.</p>
<p>As the MVRV ratio was above 1% at press time, it indicates that, on average, crypto whales that accumulated Bitcoin recently still held their investments with a profit margin of over 1%.</p>

Major Crypto Player Accumulates 84,000 BTC: Sign of Upcoming Bull Run?

Table of Contents

CoinEagle.com

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