Bitcoin and Tether Whale’s Accumulation Hits 6 Week High, Signals Bullish Sentiment

Bitcoin and Tether Whale’s Accumulation Hits 6 Week High, Signals Bullish Sentiment
фото показано с : nulltx.com

2023-9-29 07:39

The cryptocurrency market is abuzz with the latest developments involving Bitcoin and Tether (USDT) whales and sharks, who are showing a strong accumulation trend. These large holders, with 10 to 10,000 Bitcoin in their wallets, have now accumulated their highest Bitcoin holdings in 2023, totaling 13.03 million BTC.

Source: Santiment Positive Sentiment For The Market

This surge in accumulation among Bitcoin’s most substantial holders is seen as a positive sign for the market. Such large-scale accumulation often signals confidence in the long-term potential of the cryptocurrency, and it’s a strong indicator of bullish sentiment. What’s noteworthy is that this accumulation has been ongoing for over six weeks, suggesting that these influential investors see value in Bitcoin’s current market conditions.

Tether Whale Accumulation Hits 6 Week High

The accumulation story doesn’t stop with Bitcoin. Tether, the popular stablecoin, is also seeing notable activity among its larger holders. Wallets with 100,000 to 10 million USDT have amassed a total of 15.03 billion coins, returning to a six-week high. This indicates that significant capital is entering the Tether ecosystem, which could be interpreted as a sign of increased buying power and liquidity.

Bullish Sentiment Combination

When considering both Bitcoin and Tether accumulation, this combination further reinforces the bullish sentiment in the crypto market. The actions of these large investors often have a profound impact on price trends and overall market dynamics. Their sustained accumulation implies a belief in the resilience and growth potential of both Bitcoin and Tether, two key players in the cryptocurrency ecosystem.

Final Thoughts

In conclusion, the recent accumulation of Bitcoin and Tether by whales and sharks, coupled with the prolonged nature of this trend, provides a bullish outlook for the crypto market. It signifies growing confidence in the digital assets and suggests that these influential players anticipate positive price movements in the future. As always, market observers will closely monitor their actions for insights into the evolving cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: nexusplexus/123RF // Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65577.95 (-1.16%)
Объем 24H $36.726b
Изменеия 24h: 1.65 %, 7d: 6.60 %
Cегодня L: $65577.95 - H: $66525.69
Капитализация $1291.825b Rank 1
Цена в час новости $ 26968.19 (143.17%)

bitcoin accumulation tether large trend these holders

Источник: nulltx.com

bitcoin accumulation → Результатов: 126


Фото:

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s.

2019-3-23 01:23


Bitcoin SV (BSV) Long-term Price Analysis – March 2

BSV/USD market slight downward movement appears to be imminent. A decent long entry may be found under the two SMAs while traders need to exercise patience. BSV/USD Long-term Trend – Ranging Distribution territories: $90, $100, $110 Accumulation territories: $40, $30, $20 Between February 24 and 27, BSV/USD trade witnessed notable both decline and uprise during […]

2019-3-2 12:03


Фото:

New Data Shows Bitcoin Accumulation is in Full Swing

Bullish signs are everywhere for Bitcoin (BTC) March 1st as the largest cryptocurrency continues its record-breaking bear market cycle in 2019. Addresses Amassing Coins At 4K Capping a fifth day of broad stability, the bitcoin price was holding steady at around $3850 Friday, while data from traders suggested February ended the worst six-month performance for bitcoin ever recorded.

2019-3-1 18:00


Bitcoin SV (BSV) Long-term Price Analysis – February 23

BSV/USD market still sees its major range movements under downward pressure mode. A strong price action needs to be awaited to effect a change in the current market trend. BSV/USD Long-term Trend – Ranging Distribution territories: $90, $100, $110 Accumulation territories: $40, $30, $20 Trade between the USD and BSV still features within the range […]

2019-2-23 12:04


Фото:

Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance.

2019-1-26 03:13


Cryptocurrency analysts predict the end of the Bitcoin bear market

Blockchain investigators have employed a neat method for analyzing Bitcoin activity to determine at what point long-term holders typically yield and sell their Bitcoin. Delphi Digital, an independent research boutique specializing in the digital asset market, has studied Bitcoin transaction data and market prices, calculating that Bitcoin investors are (for the most part) done with their selling.

2019-1-10 19:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

$PROM Token Sees 5% Decline Amidst Withdrawal Activity On Binance

The modular ZkEVM Layer 2 token, $PROM, experienced a 5% decline in value today, reflecting the volatility inherent in the cryptocurrency market. On-chain data has revealed significant withdrawal activity involving Wallet 0x3a2, shedding light on potential market dynamics influencing $PROM’s price movement.

Render Token RNDR Sees Surge Despite Market Decline

Render Token (RNDR), a prominent player in the AI Coins category, has captured the attention of the crypto markets with a remarkable 40% increase in weekly charts, despite experiencing a 6% decline today.

From The Deep: Bitcoin Whale Emerges After A Decade, Millions On The Move

A digital Lazarus has risen from the blockchain graveyard. After a decade of slumber, a Bitcoin wallet, presumed lost to the mists of internet history, stirred back to life on May 6th, 2024. This prehistoric beast, a “whale” in crypto terminology due to its massive holdings, sent ripples through the market by transferring a staggering […]