Bitcoin whales accumulate 54K BTC worth $4.66B as market trades sideways

Bitcoin whales accumulate 54K BTC worth $4.66B as market trades sideways

Renewed confidence among major investors signals potential bullish momentum as whale accumulation hits highest speed in over a decade.

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Estefano Gomez
By Estefano Gomez

Powered by Gloria

Updated 1:24 p.m. ET

Large Bitcoin holders accumulated 54,000 BTC worth $4.7 billion in the past week, according to on-chain data, marking the fastest accumulation pace since 2012.

The buying comes despite Bitcoin’s lack of momentum over the past month, with the asset drifting between $85,000 and $93,000. At press time, BTC was trading around $87,300, reflecting ongoing uncertainty among traders despite aggressive accumulation by large addresses.

BITCOIN

Bitcoin whales accumulate 54K BTC worth $4.66B as market trades sideways

Bitcoin whales accumulate 54K BTC worth $4.66B as market trades sideways

Renewed confidence among major investors signals potential bullish momentum as whale accumulation hits highest speed in over a decade.

by Estefano Gomez | Powered by Gloria

Share

Add as preferred source

Large Bitcoin holders accumulated 54,000 BTC worth $4.7 billion in the past week, according to on-chain data, marking the fastest accumulation pace since 2012.

The buying comes despite Bitcoin’s lack of momentum over the past month, with the asset drifting between $85,000 and $93,000. At press time, BTC was trading around $87,300, reflecting ongoing uncertainty among traders despite aggressive accumulation by large addresses.