Bitcoin Whales Are Back, Gobble Up 2.2 Bln In BTC But Price Still Drops 3%.

Bitcoin Whales Are Back, Gobble Up 2.2 Bln In BTC But Price Still Drops 3%.

2021-09-13 | Eddy Morgan

Bitcoin Whales Are Back, Gobble Up 2.2 Bln In BTC But Price Still Drops 3%.

Highlights:
  • The term holders' supply reaches record levels of 80% in the recent price slowdown which continues the heavy buying image by the Bitcoin whales.
Whale addresses have added 50,000 VTC in the last four days all the Bitcoins millenary tired As for the details from on-chain data providers sentiment. There’s been a renewed buying interest from Bitcoin whales on Bitcoin BTC. The confidence can further be boosted and renewed among the big point investors this shows the downtrend of Bitcoin price. BTC Supply Hits Record Levels The BTC supply with long-term holders has reached close to 80% for the first time since October 2020, it also presents the BTC supply held by short-term and long-term holders increasing with interesting trends by glassnode. The investors unshaken by 50% let's drawdown which increase indicates dollar BTC purchased in Q 1 to Q 2 2021 which remained tightly held and it has been stated by the data provider that suggests many coins changed hands during the recent consolidation in dollar 29 kata dollar 40K range. The Tesla chief stated that Bitcoin's carbon footprint was a major concern for the environmentally friendly company and after accepting Bitcoin payments at Tesla the company suspended it for a while the development comes despite the fact of the Bitcoin network coming under strong criticism

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