Summary
- It was reported that the background of Bitcoin's price rise from $77,500 to $88,350 was due to the accumulation by whales holding 100 to 10,000 Bitcoins.
- Santiment explained that the number of whale wallets surged right after Bitcoin's bottom was formed, leading to the price increase.
- Currently, Bitcoin's price is recorded at $87,551, marking a 0.59% increase from the previous day.
Recently, as Bitcoin (BTC) shows signs of recovery, an analysis has emerged suggesting that the accumulation by whales holding 100 to 10,000 coins is behind this trend.
On the 25th (local time), Santiment stated on its official X (formerly Twitter) that "Bitcoin's price formed $77,500 two weeks ago, but recently soared to $88,350," explaining that "the number of whale wallets increased sharply right after the bottom, leading to the price rise."
Meanwhile, as of 11:30 AM on the 26th (Korean time), Bitcoin is trading at $87,551 on CoinMarketCap, up 0.59% from the previous day.
Uk Jin
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