CandleFocus Bitcoin Whale Accumulates 600 $BTC, Taking Holdings to $144.82M in 2 Weeks
2024-10-30
Author: Content Editor
A Bitcoin whale has accumulated over 600 BTC ($43.33 million) in the past two weeks, bringing their total holdings to 2,000 BTC ($144.82 million). This has resulted in substantial unrealized gains of up to $63 million and indicates confidence in Bitcoin's long-term price potential. Despite the recent price surge, whales are still accumulating Bitcoin, possibly due to FOMO after the price surpassed $72,000. The whale's active purchasing of BTC suggests a trend of accumulation during market consolidation phases, anticipating a potential price appreciation. This accumulation by whales is seen as a bullish sign for the wider crypto market and may influence retail investors.
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