Bitcoin Whales Have Been Focused on a Single Price for Months: 34 Thousand BTC Buying Opportunity Arrived! - Coin Bulletin

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Bitcoin whales have bought 34,000 BTC, reaching their desired price amid the recent downturns in the past month.

According to data shared by CryptoQuant analyst 'caueconomy', after the largest sell-off movement of 2024, large investors continue to accumulate Bitcoin.

Approximately 79,000 BTC was sold by institutional investors on December 21, leading the market to reach a local peak and subsequently causing a 15% correction.

These data were provided for whale wallets holding 1,000-10,000 bitcoins.

However, major players took advantage of this consolidation period and started accumulating Bitcoin patiently around $95,000 by opening TWAP (Time-Weighted Average Price) positions.

During the past 30 days, institutional investors have accumulated over 34,000 BTC, creating buying pressure in Bitcoin's current recovery.

In addition, despite the balancing periods in corporate portfolios, it is observed that on-chain accumulation has continued since June 2023. This indicates that despite retail demand being at its lowest level in 5 years, institutional interest remains high.

BTC0.09%
F1.65%
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