Bitcoin Whale Accumulation Reverses as Coinbase Premium Stays Negative
Photo: TokenPost
Large Bitcoin (BTC) holders have shifted back toward accumulation, while a negative Coinbase premium and net inflows to exchanges leave a broader recovery in U.S. spot buying unconfirmed. The rolling 60-day change for holders of 1,000 to 10,000 BTC stood at negative 62,600 BTC on Sept. 27. By Oct. 19, it had moved to positive 5,230 BTC. The reversal points to less selling and renewed accumulation within that group. Funds that could support purchases also increased on Binance. Its Tron-network Tether (USDT) reserve rose from about $790 million on Oct. 7 to $1.76 billion on Oct. 18.
Source: TokenPost
