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WebsCrypto—News—Whales Accumulate Bitcoin in the $25-32K Range
News

Whales Accumulate Bitcoin in the $25-32K Range

By WebsCryptoJune 18, 20221 Min Read
Whales Accumulate Bitcoin in the $25-32K Range
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According to data from blockchain analysis company Glassnode, whales with positions above 10,000 Bitcoins have been accumulating BTC throughout the price range of $25,000 to $32,000, with a peak monthly position change of about 140,000 for this group BTC/month, their balances have increased by +306,358 BTC since their all-time high in November 2021.

Glassnode believes that the Bitcoin market has entered a stage that coincides with past bear market cycles, with prices barely remaining above the total cost reflected in the realization price, and the fundamentals of on-chain transaction volumes have further deteriorated. Historically, this Phases take anywhere from 8 to 24 months.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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