New Bitcoin bull run? Whales and institutions accumulating, data shows

Cointelegraph

Published Sep 19, 2020 09:03AM ET

Updated Sep 20, 2020 11:20AM ET

As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum.

According to CryptoQuant’s Ki Young Ju, fewer whales have been sending BTC to exchanges. Historically, the data indicates less selling pressure from high-net-worth Bitcoin holders.

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