Bitcoin [BTC] is finally seeing green, but what role did the whales play
After what can be considered a long and never-ending wait, Bitcoin [BTC] managed to find some green pastures on the charts finally. This sparked joy within the crypto-community as investors and enthusiasts were expecting a breakout soon. Apart from this, several other interesting developments acted in favor of the king coin.
Here’s AMBCrypto’s Price Prediction for Bitcoin [BTC] for 2023-24
A recent tweet from market intelligence platform Santiment revealed that whales have been accumulating more BTC of late, which wasn’t the case for a majority of 2022. According to the same, addresses holding 100 to 10k BTC collectively added 46,173 BTC to their wallets.
Interestingly, it was also revealed that while the whales increased their BTC holdings, a simultaneous decline was seen in Tether whale supply. This new development seemed to be good news for Bitcoin as it represented whales’ growing confidence in the coin.
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