Whales are accumulating. Bitcoin wallets holding over 10,000 BTC hit a six-month high of 90.
This elite accumulation follows $1.5 billion in Bitcoin added by mid-sized whales since July 29, even as "micro" wallets shrink. This shift from smaller to larger holders has historically signaled major price moves.
Our read: The biggest players bet on an upside break above $70,000. Smaller holders exit due to security fears (Coldcard exploit) and regulatory delays (Clarity Act). This supply rotation points to conviction from "strong hands" despite current market fear. Bitcoin's RSI(14) is at 31, suggesting oversold conditions. Price is currently below the EMA20 at $64,130.
Reclaim $64,130 and bulls challenge resistance.
$BTC
This elite accumulation follows $1.5 billion in Bitcoin added by mid-sized whales since July 29, even as "micro" wallets shrink. This shift from smaller to larger holders has historically signaled major price moves.
Our read: The biggest players bet on an upside break above $70,000. Smaller holders exit due to security fears (Coldcard exploit) and regulatory delays (Clarity Act). This supply rotation points to conviction from "strong hands" despite current market fear. Bitcoin's RSI(14) is at 31, suggesting oversold conditions. Price is currently below the EMA20 at $64,130.
Reclaim $64,130 and bulls challenge resistance.
$BTC