Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Bitcoin is currently down 5% in the past five days, which has sparked massive volatility and a sell-off from <a href="https://cryptoslate.com/insights/bitcoins-30k-plunge-short-term-holders-sell-off-btc-long-term-holders-unfazed/">short-term holders</a>.</li>
<li>However, Bitcoin whales continue accumulating Bitcoin even as the prices continue to decrease.</li>
<li>The blue denotes accumulation, which can be seen with whales that hold 10,000 Bitcoin or more. At the same time, all other cohorts are selling or in a distribution phase.</li>
<li>Furthermore, supply per whale has increased to 535 Bitcoin — demonstrating the increase in whale accumulation—the highest supply per whale since the FTX crash in Q4 2022.</li>
</ul>
<figure id="attachment_319864" aria-describedby="caption-attachment-319864" style="width: 929px" class="wp-caption aligncenter"><img class="wp-image-319864 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/SPW1.png" alt="Accumulation Trend Score: (Source: Glassnode)" width="929" height="374" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/SPW1.png 929w, https://cryptoslate.com/wp-content/uploads/2023/04/SPW1-300x121.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/SPW1-768x309.png 768w" sizes="(max-width: 929px) 100vw, 929px" /><figcaption id="caption-attachment-319864" class="wp-caption-text">Accumulation Trend Score: (Source: Glassnode)</figcaption></figure>
<figure id="attachment_319863" aria-describedby="caption-attachment-319863" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-319863 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/SPW.png" alt="Supply Per Whale: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/SPW.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/04/SPW-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/SPW-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/SPW-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/04/SPW-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-319863" class="wp-caption-text">Supply Per Whale: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/defying-the-sell-off-bitcoin-whales-accumulate-amid-massive-market-volatility/">Defying the sell-off: Bitcoin whales accumulate amid massive market volatility</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Defying the sell-off: Bitcoin whales accumulate amid massive market volatility

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