BTC Actively Being Accumulated by Large Wallets; $30K to Follow?

Published 24/08/2023, 09:34
© Alpha Footage BTC Actively Being Accumulated by Large Wallets; $30K to Follow?
BTC/USD
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  • Santiment tweeted today that shark and whale addresses have accumulated $308.6 million in BTC over the past week.
  • BTC was trading at $26,463.11 at press time following a 24-hour gain of 1.64%.
  • Technical indicators on BTC’s daily chart suggested that momentum was still in favor of sellers.

In a tweet earlier today, the blockchain intelligence firm Santiment revealed that whale and shark addresses are collectively stocking up on Bitcoin (BTC). According to the post, there are currently 156,660 wallets holding between 10 and 10,000 BTC. This was after these large wallets accumulated $308.6 million worth of BTC since 17 August 2023.

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