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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-whales-boost-accumulation" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Whales Boost Accumulation</a><br></p>
<p style="text-align: justify">The cryptocurrency market has experienced significant volatility over the last three months, causing many investors to hold altcoins at a loss or exit the market entirely. Despite this, whale activity in the cryptocurrency sector remains strong, particularly among <a href="https://en.bitcoinhaber.net/analysts-accumulate-bitcoin-amid-price-stability" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> holders. A noted analyst, CryptoRand, has delved into these movements, offering key insights based on Santiment data.</p>
<h2 id="why-are-bitcoin-whales-accumulating-more">Why Are Bitcoin Whales Accumulating More?</h2>
<p style="text-align: justify">CryptoRand’s analysis highlights a notable increase in wallets holding 10 or more BTC, which reached 16.17 million BTC as of July 1, 2024. This marks a 1.07% rise over the past six months. The data suggests that large Bitcoin holders, often referred to as whales, are steadily increasing their BTC holdings despite the market’s turbulent conditions.</p>
<h2 id="what-happened-to-usdt-and-usdc-holdings">What Happened to USDT and USDC Holdings?</h2>
<p style="text-align: justify">The analysis also observed a decline in holdings of stablecoins like USDT and USDC in wallets containing between 100,000 and 10,000,000 units. USDT holdings saw a 5.37% decrease, while USDC holdings dropped by 1.99% over the past six months. This shift implies that large holders are converting their stablecoins into Bitcoin, viewing BTC as a more lucrative investment option.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<p style="text-align: justify">– Whales are showing increased confidence in Bitcoin by steadily accumulating BTC.<br> – Declining stablecoin holdings indicate a shift in preference towards Bitcoin.<br> – Whale activity suggests expectations of a BTC price rise.<br> – Withdrawal of assets from exchanges by whales could signal long-term <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investment strategies</a>.</p>
<p style="text-align: justify">These observations emphasize the underlying optimism among large Bitcoin holders regarding the cryptocurrency’s <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a>. Despite ongoing market volatility, the consistent accumulation of BTC by whales suggests a strong belief in its long-term growth potential.</p>
<p style="text-align: justify">In summary, while the cryptocurrency market remains volatile, whale activity provides a positive outlook for Bitcoin. CryptoRand’s analysis indicates that large investors are positioning themselves for future gains, reflecting a strong conviction in Bitcoin’s resilience and growth prospects. At the time of writing, Bitcoin was trading at $57,774, highlighting its significance in the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-whales-boost-accumulation" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Whales Boost Accumulation</a></h5>

Bitcoin Whales Boost Accumulation

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