Earn with Nexo
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.
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.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.