Bitcoin

Impact

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/surge-in-bitcoin-whale-wallets-as-stability-attracts-investors" rel="noopener noreferrer nofollow">Surge in Bitcoin Whale Wallets as Stability Attracts Investors</a><br></p>
<p style="text-align: justify">In recent weeks, savvy cryptocurrency investors have been taking advantage of <a href="https://en.bitcoinhaber.net/whale-watching-surge-in-bitcoin-whales-hits-record-highs" rel="noopener noreferrer nofollow">Bitcoin</a>‘s stable pricing, which has hovered between $41,000 and $44,000. Evidence of this strategic interest is the increase in the number of whale wallets (those holding substantial amounts of Bitcoin), reaching a peak not seen since November of the previous year.</p>
<h2 id="whale-accumulation-amid-price-signals">Whale Accumulation Amid Price Signals</h2>
<p style="text-align: justify">On-chain data from Santiment reveals a significant rise in wallets containing 1,000 to 10,000 BTC, totaling 1,958, marking a new record since late 2022. Conversely, the cohort of wallets holding 100 to 1,000 BTC has shrunk to its smallest size. This uptick in large-scale wallets comes at a time when an important price indicator suggests a potential uptrend, hinting that Bitcoin could maintain its upward trajectory.</p>
<h2 id="miner-activity-and-market-impact">Miner Activity and Market Impact</h2>
<p style="text-align: justify">The observation coincides with the initiation of spot-traded funds in the U.S. market and a period of notable Bitcoin miner activity. Data indicates that miners transferred a substantial 4,000 BTC, valued at about $173 million, to exchanges in a single day, adding selling pressure to the market.</p>
<p style="text-align: justify">Despite this, Bitcoin’s value has been experiencing a consistent rise, marking gains for the fifth month in a row—its longest streak of monthly increases since the pandemic rally. Should this momentum continue, the cryptocurrency may replicate its previous record-breaking runs, potentially reaching highs similar to those of November 2021, when it nearly touched $69,000.</p>
<p style="text-align: justify">Anthony Scaramucci of Skybridge Capital recently expressed his confidence in Bitcoin’s future, predicting substantial growth triggered by the anticipated halving event, with a target price of $170,000 per unit of the digital currency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/surge-in-bitcoin-whale-wallets-as-stability-attracts-investors" rel="noopener noreferrer nofollow">Surge in Bitcoin Whale Wallets as Stability Attracts Investors</a></h5>

Surge in Bitcoin Whale Wallets as Stability Attracts Investors

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