Bitcoin Continues to Be Priced Below $26K as Whales Accumulate Amid Downturn

Bitcoin, the world’s largest cryptocurrency by market cap, continues to be priced below $26,000 as it enters a robust accumulation phase. On-chain data signifies a surprising trend where Bitcoin whales continue to buy with each dip. Whale Accumulation Indicates Potential for Strong Recovery The on-chain data platform Santiment reported that Bitcoin whales accumulated close to 60,000 BTC amidst a 10% decline over the past few weeks. As altcoins continue to wobble, there’s a silent bullish divergence between falling prices and Bitcoin-accumulating whales. With whale assets increasing by about 1,000 BTC per day as prices fall, there is reason to believe a strong recovery could occur. Meanwhile, long-term Bitcoin investors continue to hold their BTC, indifferent to the US Securities and Exchange Commission’s (SEC) lawsuit against Binance and Coinbase. In addition to this, Bitcoin’s dominance ratio in the market is nearing 50% following the sharp decline in altcoin prices last week […] The post Bitcoin Continues to Be Priced Below $26K as Whales Accumulate Amid Downturn appeared first on COINTURK NEWS.