Summary
- Even as Bitcoin (BTC) is undergoing a correction, it was noted that whale and shark investors continue to accumulate.
- Santiment reported that investor wallets holding 10 to 10,000 BTC have recently accumulated an additional 20,061 Bitcoins during the correction.
- It was explained that the accumulation trend of these whale investors has shown a strong correlation with subsequent upward price movements.
While Bitcoin (BTC) is undergoing a correction, analysis shows that whale and shark investors are still continuing to accumulate.
On the 19th (local time), Santiment stated on X (formerly Twitter), "After reaching an all-time high (ATH), Bitcoin has entered a bearish phase," but added, "Wallets holding 10 to 10,000 BTC have accumulated an additional 20,061 Bitcoins during this correction."
Furthermore, "Since March 22, these investor groups have accumulated a total of 225,320 BTC," and "the accumulation trend of these investors has shown a strong correlation with subsequent upward price movements."
As of 5:31 p.m., based on the Binance USDT market, Bitcoin is trading at $114,845, down 0.45% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
