$BTC
Key TakeawaysBitcoin Whale Accumulation
43,000 BTC Accumulated: Large Bitcoin holders bought ~43,000 BTC over the past 60 days, halting a multi-month streak of net selling (excluding exchange and mining pool wallets).
Price Recovery: Buying resumed when BTC dropped to around $60,000, helping push prices back up to $65,000 before consolidating in the $62,000–$65,000 range.
Widespread Buying: Balances for the "dolphin" wallet cohort also increased, showing that accumulation extends beyond just the largest whale wallets.
Low Spot Volume: Despite steady accumulation, August spot trading volume dropped to its lowest monthly level since August 2021.
Do you think this whale accumulation signals the start of a major market rally, or will low spot trading volume hold prices back?#SajjadBTC
Key TakeawaysBitcoin Whale Accumulation
43,000 BTC Accumulated: Large Bitcoin holders bought ~43,000 BTC over the past 60 days, halting a multi-month streak of net selling (excluding exchange and mining pool wallets).
Price Recovery: Buying resumed when BTC dropped to around $60,000, helping push prices back up to $65,000 before consolidating in the $62,000–$65,000 range.
Widespread Buying: Balances for the "dolphin" wallet cohort also increased, showing that accumulation extends beyond just the largest whale wallets.
Low Spot Volume: Despite steady accumulation, August spot trading volume dropped to its lowest monthly level since August 2021.
Do you think this whale accumulation signals the start of a major market rally, or will low spot trading volume hold prices back?#SajjadBTC