Bitcoin Whales Scoop Up 16K Coins in 5 Days as South Korean Bank Embraces BTC-Backed Loans
Photo: ZyCrypto
Bitcoin whales are taking advantage of the recent price dip, accumulating thousands of coins as the apex cryptocurrency eyes renewed bullish momentum. As a result, this buying spree has put a potential recovery back on the radar, although Bitcoin must overcome a key resistance level before a sustained rally can take shape. According to renowned market analyst Ali Martinez, Bitcoin whales accumulated 16,010 BTC over five days as the price fell from $87,000 toward $80,000. In the process, their combined holdings rose from 5,247,316 BTC to 5,263,326 BTC, a 0.305% increase during the decline.
Source: ZyCrypto
