Addresses holding over 10BTC accumulated 5000 bitcoins since the last 3 days..."Possibility of rebound"
Son Min
Summary
- According to Sentiment, whales and sharks holding more than 10BTC of Bitcoin have accumulated 5000 bitcoins in the past three days.
- They emphasized that "while selling pressure from whales and sharks fueled market decline, recent accumulation suggests the possibility of an uptrend in the latter half of March."
- They stated that continued accumulation by large holders would influence the price increase of Bitcoin.
There's a forecast that Bitcoin (BTC) could rise due to buying influence from whales and sharks (holders of over 10BTC).
On the 9th (local time), Santiment revealed through X that "the selling pressure from whales and sharks from mid-February to early March fueled the decline in the cryptocurrency market," but added that "they have accumulated 5000BTC again in the past three days."
They further explained, "While the accumulation did not immediately trigger a market rise, there is a possibility of a transition to an upward trend in the latter half of March," adding that "in particular, continued Bitcoin accumulation by large holders is likely to bring about an upward movement."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
