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Bitcoin Eyes Bullish Scenario as Thousands of BTC Acquired by Whales

Published 06/11/2023, 08:08 AM
Updated 06/11/2023, 08:30 AM
© Reuters Bitcoin Eyes Bullish Scenario as Thousands of BTC Acquired by Whales
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U.Today - In a recent report from crypto intelligence portal , it has been revealed that Bitcoin's prominent investors, commonly referred to as whales, have amassed an impressive number of Bitcoins despite the recent 10% drop in price. These whales, who hold anywhere between 100 to 10,000 BTC, collectively accumulated an additional 57,578 BTC. This accumulation has created a noteworthy bullish divergence that hints at a potential strong rebound in the near future.

As Bitcoin experienced a significant 10% price decline since April 9, it is remarkable to note that these influential holders have been adding approximately 1,000 BTC to their already substantial wallets each day. This unexpected trend has emerged amid the ongoing frenzy surrounding altcoins, drawing attention to the contrasting actions of Bitcoin's accumulating whales and the falling price of the itself.

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With this notable surge in whale holdings by approximately 1,000 BTC daily, despite the declining prices, there are strong indications that a bullish scenario may be on the horizon. These intriguing findings provide optimism to the market and suggest that a potential robust recovery may be in the cards for .

This article was originally published on U.Today

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