Bitcoin

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<ul class="news-points"> 
 <li><strong>Santiment data suggests that whales have been actively accumulating BTC over the past 12 weeks.</strong></li> 
 <li><strong>BTC needs to reclaim $29.6K to prevent a lower high from forming.</strong></li> 
 <li><strong>The 9-day EMA line crossed below the 50-day EMA line over the past 24 hours.</strong></li> 
</ul> 
<p>Whales have actively been accumulating <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> over the past 12 weeks, according to a Twitter post shared earlier today by the on-chain analytics platform, Santiment. There are about 15,870 BTC addresses that hold at least 100 BTC coins. Furthermore, Santiment’s data revealed that these whales own approximately 11.5 million BTC.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> There are currently 15,870 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> addresses that hold at least 100 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>. Collectively, these whales own 11.5M <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>, making up over half of the total existing supply (59.2%). Over the past 12 weeks, their collective share has risen by 27,755 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>. <a href="https://t.co/D5BS5Tt1Ja" target="_blank" rel="noopener noreferrer nofollow">https://t.co/D5BS5Tt1Ja</a> <a href="https://t.co/Dr99JXpK1e" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Dr99JXpK1e</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1686977209033195520?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 3, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>This BTC makes up more than half of the total existing supply. Additionally, these whales still seem to have a thirst for purchasing BTC as, since 16 May 2023, their collective share has risen by 27,755 BTC.</p> 
<p>Meanwhile, Altcoin Sherpa, a cryptocur…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-at-risk-of-visiting-27ks-if-it-does-not-reclaim-29-6k/">BTC At Risk of Visiting $27Ks if It Does Not Reclaim $29.6K</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC At Risk of Visiting $27Ks if It Does Not Reclaim $29.6K

Coin Edition

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