Bitcoin has broken the $28,000 mark, and on-chain data shows that key BTC wallets have been accumulating the cryptocurrency since the start of last month. According to data from the on-chain analytics firm Santiment, the large BTC wallets have bought BTC worth about $1.17 billion. The holders are divided into three groups based on the amount of BTC they are carrying in their balance: 10-100 coins, 100-1,000 coins, and 1,000-10,000 coins. All three of these groups have participated in a net amount of accumulation since the start of September.In the past 24 hours, Bitcoin has observed some sharp upward momentum and has managed to breach the $28,000 level for the first time since the middle of August. A return to the $30,000 level is looking more and more likely, but this depends on the key investors not selling to take their profits. So far, these large holders have held off on any dumping, but it’s uncertain how long that may remain true. The holdings of the sharks and whales, especially, can be worth watching in the coming days, as their behavior may end up influencing where the cryptocurrency goes from here.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | None |
| Companies | Santiment, TradingView, Supply Distribution, BTCUSD, Unsplash.com |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
