Crypto Whales Accumulate Amidst High Market Volatility: What Does This Mean for Bitcoin?

Santiment, a crypto analysis platform, reported that amidst the ongoing high volatility in the market, addresses holding between 10 and 10,000 BTC might have entered an accumulation phase again in recent weeks. According to Santiment’s data, these addresses have added more than 154,000 BTC to their portfolios in the past seven weeks, and the total BTC they hold has surpassed 13 million. This number represents about 67% of the average total supply. Will The Crypto Market Continue to Rise? Applications for Spot Bitcoin ETFs by major asset management companies like BlackRock and WisdomTree have made a significant impact on the crypto market. Bitcoin (BTC), during this process, has managed to surpass the $30,000 price level in a short period, and the crypto market has caught a strong upward momentum. There have been significant increases in the total market value of the crypto ecosystem, and market volatility has significantly increased. Santiment, […] The post Crypto Whales Accumulate Amidst High Market Volatility: What Does This Mean for Bitcoin? appeared first on COINTURK NEWS.