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🐳📈 $BTC #Santiment : Bitcoin has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key bitcoin stakeholders had one of their single largest accumulation days in years. 51,959 collective bitcoin were accumulated by wallets that hold between 10-10K BTC on Sunday alone. This translates to 0.263% of the entire currently available supply being accumulated in one day. As we close in on the final three weeks of the halving on April 19th, it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on crypto-wide market caps. Ideally, this continued accumulation would not be coming entirely at the expense of whale and shark #USDT and #USDC holdings. Their drypowder, as it is often referenced, is a key component to continuously have the ability to swap for more cryptocurrency at any given time.

🐳📈 $BTC #Santiment : Bitcoin has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key bitcoin stakeholders had one of their single largest accumulation days in years.

51,959 collective bitcoin were accumulated by wallets that hold between 10-10K BTC on Sunday alone. This translates to 0.263% of the entire currently available supply being accumulated in one day.

As we close in on the final three weeks of the halving on April 19th, it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on crypto-wide market caps.

Ideally, this continued accumulation would not be coming entirely at the expense of whale and shark #USDT and #USDC holdings. Their drypowder, as it is often referenced, is a key component to continuously have the ability to swap for more cryptocurrency at any given time.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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