Bitcoin Struggles to Cross $30,000: Insights on the Behavior of BTC Whales and Holders

Bitcoin‘s (BTC) price was unable to cross the $31,000-$30,000 threshold last month. A number of investors, drawn by high returns and profitable addresses, believe Bitcoin will not be able to cross these levels in the near future. BTC Whales! Despite BTC’s movements, the whales and sharks have maintained their optimism. According to data from Santiment, Bitcoin’s leading investors and large-scale holders continue to show persistent activity unaffected by the relatively stagnant price range of $30,000 to $31,000. It was observed that since June 17, 71,000 additional BTC valued at $2.15 billion has accumulated in 10,000 BTC addresses. As a result of the accumulation, there has been a significant increase in the number of addresses with more than one Bitcoin. According to data from Glassnode, the number of addresses holding 1+ BTC recently reached an all-time high of 1,008,517. Furthermore, it is reported that a significant portion of the addresses remains […] The post Bitcoin Struggles to Cross $30,000: Insights on the Behavior of BTC Whales and Holders appeared first on COINTURK NEWS.