As the release of U.S. Consumer Price Index data approaches, Bitcoin whales appear to be optimistic and increasing their hoarding.
According to data provided by IntoTheBlock, the number of whales trading at least $100,000 worth of Bitcoin surged from 12,560 to 16,240 between September 7 and 9.
Whale activity around BTC has increased after the BTC price fell below the $54,000 mark amid intensified selling.
According to ITB data, Bitcoin giants moved more than $70 billion worth of assets in the past seven days.
It is worth noting that increased whale activity usually leads to large price movements, but in this case, large investors appear to be accumulating Bitcoin due to increased capital inflows.
According to ITB data, the inflow of large holders plummeted from 11,570 BTC to 1,100 BTC on September 7, and further dropped to 469 BTC a day later, indicating a massive sell-off. However, the inflow of Bitcoin whales increased significantly to 1,580 BTC on September 9.
This indicator shows that whale selling may have ended. According to ITB, Bitcoin exchange net outflow exceeded 6,000 BTC yesterday. Firmly bullish, insist on fixed investment, and optimistic about the market in October-December!
If there is a rebound, you must be in the car!
Regarding the Fed's interest rate cut - interest rate cuts are an inevitable trend. Moreover, interest rate cuts will not trigger a market crash, but will be a super positive for funds. The correction in the past six months is coming to an end, and a new upward trend is about to begin.
The latest four hot coins in September can be ambushed, and the copycat season is likely to start in October
1. $mkr upgraded to sky on 9.18 and split 1:24000, the leader of RWA sector, let's see if there is any chance
Trump was elected on 2.11.5, Musk joined Trump's cabinet, which was good for $DOGE $FLOKE. In October 2022, Musk announced the acquisition of Twitter, which tripled in a week. Musk's move into the White House will also be hyped.
The $SOL conference on 3.9.20 is good for SOL, and related series of currencies $WIF $BONK can be configured at low prices
4.9.29 Zhao Changpeng's return is good for $BNB, and Binance series $CAKE $EDU can be deployed in advance
