Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K
Cointelegraph
Published Aug 30, 2021 07:00AM ET
Updated Aug 30, 2021 08:40PM ET
Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000.
Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that wealthy investors consider the current Bitcoin price levels as attractive to place bullish bets.
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Written By: Cointelegraph
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