Large Bitcoin holders are building their positions again. Santiment data shows wallets holding 1,000 to 10,000 $BTC added 41,025 BTC in just 10 days, lifting their combined holdings to 13.64 million BTC, or 67.93% of Bitcoin’s total supply.
That puts this group at its highest holding level since the mid-August rally, while wallets holding less than 0.01 BTC have remained relatively unchanged.
The timing is also notable with Bitcoin trading around the $84,000 area and recently testing the $84,000 to $85,000 long-term holder supply cluster identified by Glassnode.
Large-holder accumulation does not guarantee another price move higher, but it gives the market another data point to watch: supply is moving toward bigger wallets while smaller holders remain relatively quiet.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
That puts this group at its highest holding level since the mid-August rally, while wallets holding less than 0.01 BTC have remained relatively unchanged.
The timing is also notable with Bitcoin trading around the $84,000 area and recently testing the $84,000 to $85,000 long-term holder supply cluster identified by Glassnode.
Large-holder accumulation does not guarantee another price move higher, but it gives the market another data point to watch: supply is moving toward bigger wallets while smaller holders remain relatively quiet.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
