The whales Bitcoin (BTC) started buying the dip? A recent analysis looked at the current movement of large Bitcoin holders amid the recent market recovery in the last 24 hours.
When analyzing the current movement in the market, according to a survey released by the cryptocurrency specialist platform, IntoTheBlock, on April 19, the Bitcoin whales They may have finally started buying the dip.
The analysis noted that on April 18, Bitcoin whales, who account for more than 0,1% of the total token supply, collectively added 19.760 Bitcoins to their respective portfolios at an average price of $62,5. thousand.
“Yesterday, the largest Bitcoin holders, holding more than 0,1% of the total supply, collectively added 19.760 Bitcoins to their holdings at an average price of $62,5. Historically, accumulations from these addresses have often preceded increases in Bitcoin price“, wrote the analysis.
Bitcoin whales may have finally started buying the dip👇
Yesterday, the biggest Bitcoin holders, holding over 0.1% of the total supply, collectively added 19,760 Bitcoins to their holdings at an average price of $62.5k. Historically, accumulations by these addresses have often… pic.twitter.com/c8K5uhkna4
— IntoTheBlock (@intotheblock) April 19, 2024
In recent days, the cryptocurrency market has witnessed strong volatility in the Bitcoin price, which fell and traded at around $59.650 on Binance. However, Bitcoin and cryptocurrency market The broader market saw a significant recovery today, April 19, with the halving event “knocking on the door.”
The largest market cryptocurrency registered a recovery as the halving event, Bitcoin halving is approaching. At the time of publication, the Bitcoin price it was quoted at US$64.463,76 with an increase of 1.0% in the last 24 hours.
The halving is scheduled to take place today, April 19th. As the fourth Bitcoin halving approaches, the cryptocurrency community is paying attention to possible price fluctuations. Historically, halving events impact prices, with Bitcoin rallies often coinciding with halving events.
