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Bitcoin

Bitcoin whales go into an enormous accumulation spray

In the wake of the tremendous prices of prices throughout the entire cryptocurrency market in the past few months due to the controversial foreign policies of US President Donald Trump, including the disturbing trade war, Bitcoin seems to have turned the tables and received the attention of investors again.

This is particularly applied to BTC whales, which has continued to impressive accumulation in the past two weeks, coinciding with reducing tension between the United States and the rest of the world mainly.

BTC whales begin to buy again

The data that Ali Martinez has shared indicates that the BTC whales, which are indicated as large Bitcoin investors who carry an excessive amount of assets, have returned strongly after stopping earlier this year. I remember that these market participants sold more than 6800 BTC in just one week in February, when the tension mentioned above was launched.

However, their last behavior is completely different, and the idea that they buy like “unprecedented” has received more health verification. According to Martinez, they bought more than 43100 BTC in the past two weeks alone, which is worth about $ 4 billion in prices today.

A large part of this amount may be linked to the continuous accumulation of the strategy, as well as other companies such as metaplanet and Semler Scientific, who continue to do so Add BTC to their Stashes.

Meanwhile, flows rose towards the instant Bitcoin investment funds since April 17, with more than $ 3.9 billion to money.

But miners sell?

In contrast, another plan in which the same popular analyst participates in a previous narration that BTC miners, the backbone of the largest and most secure in the world, have been sold in large quantities. Their holdings have decreased by about 850 million dollars in the past few weeks, as the Bitcoin price began to restore traction and added $ 20,000 since the lowest level on April 7 less than 75,000 dollars.

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