Create

Bitcoin

when

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-whales-amass-10-billion-worth" data-wpel-link="internal">Bitcoin Whales Amass $10 Billion Worth</a><br></p>
<p style="text-align: justify">In the past six months, crypto whales have accumulated over $10 billion in <a href="https://en.bitcoinhaber.net/bitcoin-hits-record-peak-as-investor-interest-soars" data-wpel-link="internal">Bitcoin</a> (BTC), according to <a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">recent data</a> from market intelligence platform IntoTheBlock. The report reveals that investors holding between 100 and 1,000 BTC have amassed tens of thousands of BTC during this period, showing resilience despite market downturns.</p> 
<h2 id="market-fluctuations-do-not-affect">Market Fluctuations Do Not Affect</h2> 
<p style="text-align: justify">IntoTheBlock’s analysis indicates that these large investors now control 20.3% of the circulating supply, totaling approximately 4.01 million BTC. This represents a significant increase from six months ago, when their holdings were around 3.82 million BTC. The unwavering accumulation suggests confidence among these whales in the long-term value of Bitcoin.</p> 
<h2 id="short-term-investors-may-create-selling-pressure">Short-Term Investors May Create Selling Pressure</h2> 
<p style="text-align: justify">However, the report also warns of potential selling pressure from <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">short-term investors</a>, particularly those who have held BTC for less than 155 days. These investors could face unrealized losses at current price levels, potentially leading to significant market pressure if another downturn occurs. Currently, only 27.6% of recent Bitcoin buyers, who purchased at prices between $47,000 and $64,000, are in profit.</p> 
<h2 id="important-conclusions">Important Conclusions</h2> 
<p style="text-align: justify"> – Large Bitcoin holders added 190,000 BTC in the past six months.<br> – These holders now control 20.3% of the circulating supply.<br> – Short-term investors could trigger selling pressure due to unrealized losses.<br> – Market volatility might increase if the price declines further. </p> 
<p style="text-align: justify">As of now, Bitcoin is trading at $55,084, reflecting a 1% increase in the last 24 hours. The steadfast behavior of major investors underscores their belief in Bitcoin’s long-term potential, while the looming possibility of selling pressure from short-term holders highlights the need for strategic market actions. This duality illustrates the complex dynamics within the Bitcoin market, with both opportunities and risks for different types of investors.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-whales-amass-10-billion-worth" data-wpel-link="internal">Bitcoin Whales Amass $10 Billion Worth</a></h5>

Bitcoin Whales Amass $10 Billion Worth

Table of Contents

BH NEWS

Other articles published on Sep 9, 2024

Top Trending Crypto Coins on DEXTools – BabyWuKong, Meter Governance mapped by Met, Moonism

Will Cryptocurrency Be the Future of Money?

The Final Approach

Floki's Valhalla Partners with OG Esports as Official Jersey Sleeve Sponsor

Bitcoin Step from Japanese Energy Giant! "Very Few Similar Things!"

Metalpha Deposits $23M in Ethereum to Binance, Totaling $54.1M Over 3 Days

Join our free newsletter for daily crypto updates!