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Bitcoin Whales Accumulate Over 30,000 BTC In 2 Weeks – Sign Of A Coming Impulse?
In a recent development, on-chain data has revealed that whales in the Bitcoin market have accumulated an astonishing 30,000 BTC in just two weeks. This significant accumulation is sparking debate among crypto enthusiasts about its implications for the market.
The data suggests that these large-scale transactions were made by several addresses with over 1,000 BTC in their wallets. These massive transactions are typically seen as a sign of confidence and potential long-term investment decisions.
One of the most notable aspects of this recent accumulation is the speed at which it occurred. A mere two weeks have passed since the whales began accumulating these assets, indicating that they may be preparing for a significant market move.
Several crypto analysts have pointed out that such rapid accumulations often precede major price swings in the Bitcoin market. This theory suggests that the whales’ actions are indicative of an imminent impulse, which could potentially propel Bitcoin to new heights.
Sebastian Villafuerte
Source: https://bitcoinist.com/bitcoin-whales-accumulate-over-30000-btc-in-2-weeks-sign-of-a-coming-impulse/
