Bitcoin whales make a comeback: is the new BTC floor in?

exchange681 week ago

0 0 2 minutes read

In a recent CryptoSlate analysis, we discovered that while whales were offloading Bitcoin, other cohorts, including Shrimps, were actively accumulating it. For the first time since late 2022, whales have cautiously started to accumulate Bitcoin again, evident from their strategic buying patterns during market capitulation events. Since the SVB collapse in mid-March, the overall trend indicates a state of accumulation within the network. But, does this suggest that the bottom or value could be hovering around the $30,000 range? Find out in our Alpha content…

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