Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K By Cointelegraph

Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K

Rich crypto buyers are turning their consideration again to (BTC) as its price continues to eye a breakout transfer above $50,000.

Crypto-focused publication Ecoinometrics reported constructive modifications in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based mostly on their rising account balances all through August, Ecoinometrics noticed a renewed accumulation sentiment amongst “whales,” hinting that rich buyers contemplate the present Bitcoin price ranges as engaging to put bullish bets.

Bitcoin accumulation pattern vs. price ranges. Source: Ecoinometrics
Number of Bitcoin addresses holding over 0.1 BTC. Source: Glassnode
Bitcoin UTXO realized price distribution. Source: Glassnode
every day price chart that includes the 20-day EMA help. Source: TradingView