Bitcoin

when

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin whales have increased their holdings, considering the current price as a buying opportunity.</li> 
 <li>These accumulations and the increased demand from STHs indicate potential for a new all-time high for Bitcoin.</li> 
</ul>  
<h2 id="bitcoin-whales-increase-holdings">Bitcoin Whales Increase Holdings</h2> 
<p>Bitcoin whales are taking advantage of the current market situation by increasing their holdings. This is seen as a reaction to the current market prices, which they view as a dip. This accumulation is noteworthy as it represents 9.3% of Bitcoin’s total supply, indicating significant institutional buying through self-custodial services. </p> 
<p>This massive accumulation excludes miners and exchange wallets, which means more individual wallets are becoming Bitcoin whales. This trend is particularly significant as Bitcoin approaches a key psychological level. The aggressive buying by Bitcoin whales could suggest the current price as a potential market bottom.</p> 
<h2 id="sths-also-targeting-the-dip">STHs Also Targeting the Dip</h2> 
<p>In addition to Bitcoin whales, there has been a notable increase in demand for Bitcoin from Short-Term Holders (STHs). This is significant as STHs typically sell their holdings when Bitcoin reaches a market top, creating resistance as they cash out on gains.</p> 
<p>However, the current increase in demand from both STHs and Bitcoin whales suggests that they view the current price as a dip, positioning themselves for potential 10x returns. As a result, market indicators suggest that Bitcoin may be on the cusp of a parabolic run, potentially leading to a new all-time high before this cycle ends.</p> 
<p>This trend reflects the growing maturity of the market, showing that investors no longer view Bitcoin as a speculative gamble.</p>

Market Bottom Insight: Bitcoin Whales Accumulating 2M BTC

Table of Contents

CoinEagle.com

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