Large Bitcoin holders, known as whales, have accumulated about 66,700 BTC over the past 60 days, reaching the highest buying activity since February. Meanwhile, mid-sized holders with wallets holding 100 to 1,000 BTC have sold approximately 77,800 BTC in the same period. This divergence suggests a shift in Bitcoin ownership rather than a market flood, with whales absorbing supply and potentially reducing selling pressure amid ongoing market volatility. The trend indicates cautious profit-taking by mid-sized holders and strong confidence from whales in Bitcoin's future performance.
Bitcoin has been consolidating above $60,000 amid declining odds of a Federal Reserve rate hike in September. Large investors, or whales, have been accumulating BTC, adding over 20,000 tokens recently, signaling bullish sentiment. Technical indicator...
Anthony Scaramucci, founder of SkyBridge Capital, forecasts Bitcoin to rise through 2026, potentially reaching $70,000 to $75,000 by year-end despite a bear market and regulatory hurdles like the uncertain passage of the CLARITY Act in the U.S. He be...
Standard Chartered has reaffirmed its prediction that Bitcoin will hit $100,000 by the end of 2026, maintaining a positive outlook despite current market fluctuations. This forecast highlights potential significant gains for Bitcoin in the long term ...
Strategy increased its cash reserves by about $225 million to $3.225 billion by selling over 2.7 million common shares, while maintaining its bitcoin holdings at 843,775 BTC worth nearly $55 billion. This move supports liquidity and dividend payments...
Bitcoin's bear market might be nearing its final stage, but charts suggest a possible further drop to $25,000-$35,000 before a durable bottom forms. This bottom could set the stage for a major rally, with an Elliott Wave model projecting a peak aroun...
