Bitcoin Whales Add 16,010 BTC During Five-Day Pullback

Bitcoin (BTC) whales added 16,010 BTC over five days as the cryptocurrency declined from $87,000 toward $80,000, increasing their combined holdings by 0.305% during the pullback. Large holders raised their holdings from 5,247,316 BTC to 5,263,326 BTC. The accumulation extends a recent pattern in which whales added approximately 84,000 BTC over one month as apparent demand improved, as detailed in earlier whale-activity coverage . Bitcoin is now approaching a supply zone near $84,569. Nearly 800,000 BTC previously changed hands around that level, making it an area the market must clear before the technical setup gains strength.

Also reported by CoinTurk News.

Source: TokenPost