{"id":607179,"date":"2024-05-09T11:30:12","date_gmt":"2024-05-09T11:30:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=607179"},"modified":"2024-06-11T07:00:55","modified_gmt":"2024-06-11T07:00:55","slug":"bitcoin-whales-interest-50000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-whales-interest-50000\/","title":{"rendered":"Bitcoin Whales Lose Interest, Is This A Precursor For A Crash To $50,000?"},"content":{"rendered":"
Movement and accumulation from crypto whales are two of the <\/span>catalysts for Bitcoin<\/span><\/a> price increases. Although major whales are <\/span>still buying the dip<\/span><\/a>, on-chain data indicates a general waning accumulation momentum which suggests their conviction might actually be waning.\u00a0<\/span><\/p>\n According to IntoTheBlock, an on-chain analytics firm, Bitcoin whale accumulation volumes have declined substantially in each buying cycle over the past month. This decline in whale accumulation <\/span>could be worrying for investors<\/span><\/a>, especially as the price of Bitcoin is now trying to hold above $60,000.<\/span><\/p>\n Whales, or large investors holding over 1,000 BTC, have accumulated strongly since the beginning of the year, especially during market dips. This accumulation has largely helped to keep Bitcoin in bullish sentiment and prevented huge price declines. However, IntoTheBlock recently revealed an interesting pattern between these whale wallets in each accumulation phase.\u00a0<\/span><\/p>\nWhale Appetite For Bitcoin Dips According To On-Chain Data<\/h2>\n