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[storentez]

Number of Bitcoin Whales Hits Previous Pre-Bull Run Level

Number of Bitcoin Whales Hits Previous Pre-Bull Run Level

Bitcoin‘s halving is less than three weeks away, and the anticipation of the massive price increase that is widely expected throughout the crypto market has potentially led to a sharp increase in the number of whales accumulating the first-ever cryptocurrency.In fact, the number of Bitcoin whales just reached the highest number since December 2017, just as the last batch of whales dumped the…

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[thecryptoreport]

Number of Bitcoin Whales Hits Previous Pre-Bull Run Level Bitcoin‘s halving is less than three weeks away, and the anticipation of the massive price increase that is widely expected throughout the crypto market has potentially led to a sharp increase in the number of whales accumulating the first-ever cryptocurrency.In fact, the number of Bitcoin whales just reached the highest number since December 2017, just as the last batch of whales dumped the asset at an astronomical markup anywhere from $1,000 to $20,000 at the peak.Glassnode Data Indicates Whales Are Accumulating Bitcoin Ahead of HalvingBear markets might be painful for the investors who bought the top, but for those who bided their time, the opportunity to buy is too good to pass up.It’s during downtrends that accumulation takes place, before an asset moves to the mark up phase and the asset’s price rises once whales or smart money investors have sufficiently accumulated a large enough holding of the asset at low enough prices.