"Even amid Bitcoin correction... whale investors are accumulating"

Son Min

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.

BTC