Bitcoin Whales Showing Accumulation Trend in 2024

At the beginning of 2024, institutional interest in Bitcoin has increased with the approval of spot Bitcoin ETFs in the US. Bitcoin has gained 53% in value since the beginning of the year, and the accumulation trend of whales indicates that the value gain could continue. Whales and Bitcoin Accumulation Movement In the first quarter of 2024, major Bitcoin whales collected 319,310 BTC, equivalent to about 1.4% of the total Bitcoin supply. Small whale level investors, on the other hand, experienced a decrease of 0.7% and held 105,260 BTC. On the other hand, the general trend among investors continues to accumulate Bitcoin, indicating confidence in Bitcoin and expectations of future price increases. Bitcoin Price and Bullish Signals The crypto world is gearing up for the fourth block reward halving event in Bitcoin mining. While this event increases uncertainties in Bitcoin price movements, fundamental factors shaping market sentiment continue to influence […]

Bitcoin Whales Showing Accumulation Trend in 2024

At the beginning of 2024, institutional interest in Bitcoin has increased with the approval of spot Bitcoin ETFs in the US. Bitcoin has gained 53% in value since the beginning of the year, and the accumulation trend of whales indicates that the value gain could continue.

Whales and Bitcoin Accumulation Movement

In the first quarter of 2024, major Bitcoin whales collected 319,310 BTC, equivalent to about 1.4% of the total Bitcoin supply. Small whale level investors, on the other hand, experienced a decrease of 0.7% and held 105,260 BTC.

On the other hand, the general trend among investors continues to accumulate Bitcoin, indicating confidence in Bitcoin and expectations of future price increases.

Bitcoin Price and Bullish Signals

The crypto world is gearing up for the fourth block reward halving event in Bitcoin mining. While this event increases uncertainties in Bitcoin price movements, fundamental factors shaping market sentiment continue to influence investor behavior.

Companies like QCP Capital detect an increasing bullish trend around Bitcoin. Significant spot ETF entries and buying activities in the options market support this optimism. The narrative of a decrease in leverage ratio and the positive impact of the block reward halving also contribute to the bullish outlook.

Useful Information for Readers

Bitcoin whales collected a total of 319,310 BTC in the first quarter of 2024, equivalent to about 1.4% of the total supply.
Investors generally continue to accumulate Bitcoin, indicating confidence in the long-term value of Bitcoin.
The Bitcoin mining reward halving emerges as a significant factor affecting market sentiment and investor behavior.
The bullish trend around Bitcoin is supported by ETF entries and buying activities in the options market.
A decrease in leverage ratio and the positive narrative of the block reward halving contribute to the overall bullish outlook for Bitcoin.

how to buy crypto?
Related Posts

Token Lock Releases and the Market Impact of ID Token

News 1 month ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 1 month ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 1 month ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,784.000.00%
  • ethereumEthereum(ETH)
    $3,823.521.94%
  • tetherTether(USDT)
    $1.000.18%
  • binancecoinBNB(BNB)
    $615.88-0.89%
  • solanaSolana(SOL)
    $177.67-1.44%
  • staked-etherLido Staked Ether(STETH)
    $3,817.631.89%
  • usd-coinUSDC(USDC)
    $1.000.01%
  • rippleXRP(XRP)
    $0.53-0.63%
  • dogecoinDogecoin(DOGE)
    $0.167344-0.57%
  • the-open-networkToncoin(TON)
    $6.452.20%
Random