Data: Whales have accumulated over 80,000 BTC in the past 6 weeks.

ForesightNews · 2025-05-07T01:24:54+00:00

Crypto Assets market observation agencies indicate that large holding Wallets have recently increased their holdings by 81,338 Bits of Bitcoin, while small Wallets have reduced their holdings by 290 coins. The actions of large holding Wallets suggest a healthy market and may signal a rise in prices.

ForesightNews

2025-05-07 01:24:54

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Foresight News reported that Santiment tweeted that wallets (holding 10 to 10,000 Bitcoins) which are highly correlated with the overall health of the crypto market have accumulated 81,338 Bitcoins during the past six weeks of fluctuation, accounting for +0.61% of their total holdings. Meanwhile, small wallets (holding less than 0.1 Bitcoins) that are often inversely and lagging related to price movement have sold 290 Bitcoins in the past six weeks, reducing their holdings by 0.60%. When large wallets gradually accumulate as retail investors sell due to panic or boredom, it is usually a strong long-term signal that the price is poised for a breakout next.

BTC0,79%

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