These Investors Are Preventing Bitcoin from Falling: They Saved $4 Billion

Bitcoin (BTC) has risen above the $65,000 level again after a month. According to crypto analysis platform Santiment, one of the main factors preventing the BTC price from falling was the whales in the market.

Bitcoin (BTC) reached the $65,000 level for the first time since August 1. The accumulation movements of large investors, known as whales and sharks, played an important role in this rise.

According to Santiment data, wallets holding 10 or more BTC in the last six months have accumulated a total of $4.08 billion worth of Bitcoin. This accumulation movement prevented a long-term decline in the price of BTC.

Bitcoin whales see potential

Accumulation at this level creates significant buying pressure on the market and contributes to the price staying high. This recent accumulation trend shows the confidence of whale wallets in the potential of BTC.

Investors expect Bitcoin to maintain its current price level or reach higher levels if these accumulation movements continue. While the market closely follows the movements of whales, this trend creates an important resistance and support level for BTC.

The eyes of the markets have also turned to the fourth quarter of the year with the end of the third quarter. According to historical data, fourth quarters are generally positive for cryptocurrencies.

DO YOU WANT TO EARN MONEY BY PLAYING GAMES?

Friends, we can make very good profits by playing the official telegram bot introduced by Binance at the early stage. Let's take our place at the early stage, click on the link and play the game. Get your free tokens when the project is listed.

Official Link :

https://t.me/Binance_Moonbix_bot/start?startApp=ref_1184385676&startapp=ref_1184385676&utm_medium=web_share_copy

If you have Binance, you can't miss this opportunity