Accumulate

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-accumulate-heavily-in-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate Heavily in Crypto Market</a><br></p>
<p style="text-align: justify">Crypto <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> have been witnessing a series of intriguing developments over recent months that are expected to impact the market significantly. Despite various factors that could lead to a drop in BTC prices, the current situation remains stable due to price catalysts, according to Ki Young Ju, a renowned on-chain expert.</p>
<h2 id="what-will-happen-to-cryptocurrencies">What Will Happen to Cryptocurrencies?</h2>
<p style="text-align: justify">Concerns have arisen due to MtGox returns and US sales, but with German sales concluded and imminent FTX returns, cash inflow into the market is expected. The ETH ETF has had an exceptional start, and whale investors are continuing to accumulate substantial amounts of crypto assets.</p>
<p style="text-align: justify">Ki Young Ju, CEO of CryptoQuant, highlighted in a recent social media post that 358,000 BTC were moved to investor addresses in the past month, with 53,000 BTC entering global spot ETFs in July. This significant accumulation by whales is unprecedented and marks a unique phase for <a href="https://en.bitcoinhaber.net/bitcoins-uncertain-future-investor-expectations-and-market-predictions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>.</p>
<h2 id="what-do-experts-predict-for-cryptocurrency">What Do Experts Predict for Cryptocurrency?</h2>
<p style="text-align: justify">As the November elections approach, the market is closely monitoring Trump’s support. Early <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> for BTC ETFs indicates strong interest, with major companies like Vanguard expected to join the trend. By mid-next month, SEC documents will reveal which firms are accumulating BTC ETFs.</p>
<p style="text-align: justify">Interest rate cuts anticipated in September and the resolution of the MtGox saga, which has troubled investors for a decade, provide a sense of relief. Historical data suggests BTC has been stuck in its previous ATH region longer than expected, signaling a potential upward breakout soon.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<ul>
 <li>Whale accumulation indicates strong market confidence in BTC.</li>
 <li>Upcoming SEC documents will shed light on major ETF participants.</li>
 <li>Resolution of the MtGox issue could stabilize the market.</li>
 <li>Interest rate cuts might trigger increased market activity.</li>
</ul>
<p style="text-align: justify">All these factors explain why whales are aggressively accumulating and why demand remains high in the ETF channel. However, the unpredictable nature of the crypto market means sudden reversals are always possible.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whales-accumulate-heavily-in-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Accumulate Heavily in Crypto Market</a></h5>

Whales Accumulate Heavily in Crypto Market

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Інші статті, опубліковані 24 лип. 2024 р.

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