2024

Bitcoin

Coin

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 <li><strong>Large BTC holders increased holdings while smallholders reduced amid recent downturn</strong></li> 
 <li><strong>Wallets with 0.01-0.1 BTC showed fluctuating balances, hinting at profit-taking.</strong></li> 
 <li><strong>Bitcoin rose 8.91% in 24 hours despite a 17.06% weekly decline.</strong></li> 
</ul> 
<p>According to the latest analysis from IntoTheBlock, wallets holding between 1,000 and 10,000 BTC have shown assurance amid the recent downturn, steadily increasing their Bitcoin holdings even after the prices declined. In contrast, wallets holding less than 1 BTC have shown weaker hands by reducing their holdings during the recent market slump.&nbsp;</p> 
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   <p lang="en" dir="ltr">Wallets holding between 1,000 and 10,000 BTC demonstrated confidence during the recent dip, consistently increasing their holdings as prices fell.<br><br>On the other hand, wallets with less than 1 BTC showed weak hands, with the most substantial decrease in holdings during yesterday's… <a href="https://t.co/ib2bNv1YQJ" target="_blank" rel="nofollow">pic.twitter.com/ib2bNv1YQJ</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1820736954339578159?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 6, 2024</a>
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<p>The data indicated an alarming trend within the <a href="https://coinedition.com/bitcoin-market-sees-sell-off-before-fomc-meeting/">Bitcoin market</a>, focusing on wallets holding between 0.01 and 0.1 BTC. The data shows that these wallets’ Bitcoin balances fluctuated over the past month.&nbsp;</p> 
<p>Starting at around 272.6K BTC in e…</p>
<p>The post <a href="https://coinedition.com/large-bitcoin-holders-increase-holdings-despite-recent-price-volatility/">Large Bitcoin Holders Increase Holdings Despite Recent Price Volatility</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Large Bitcoin Holders Increase Holdings Despite Recent Price Volatility

Coin Edition

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