đđź Bitcoin Could Soar in the Short Term Thanks to Booming Whale Activity! Donât Miss This Golden Opportunity!
In recent days, Bitcoin ($BTC ) has been hovering around $59,000, with a temporary peak at $60,680. Currently, BTC is up slightly by 0.6% and trading around $58,900.
đ„ Trading volumes exploded by 24%, reaching around $34.8 billion. According to data from Santiment, Bitcoinâs funding rate fell to -0.0016%, indicating that traders are betting on a price decline. However, when this rate dips into the red zone, history shows that short-term gains are often on the cards.
đ Whales are also very active! Whale transactions of at least $100,000 in BTC have jumped from 5,148 to 8,234 in the last 24 hours. This shows that these big investors are preparing to make quick profits.
đ BTC exchange inflows surged 119% from 20,255 to 44,323 tokens, while outflows also increased from 24,911 to 40,378 Bitcoins. Meanwhile, the 365-day dormant circulation doubled from 1,402 to 4,444 BTC, suggesting that long-term holders may be ready to cash out at this price level.
đ€ Bitcoin exchange-traded funds (ETFs) in the United States recorded inflows of $27.8 million on August 12, reinforcing Bitcoin's bullish momentum $BTC after a rather bearish start to the month.
#Bitcoin #WhaleWatchers #buythedip
â€ïž Like | đŹ Comment | âȘïž Share đ
đ„ Please follow @Coinaute e Binance Square account ! đđ„
Binance Square #coinaute
