{"id":140563,"date":"2024-10-25T17:30:09","date_gmt":"2024-10-25T14:30:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140563"},"modified":"2024-10-25T16:09:02","modified_gmt":"2024-10-25T13:09:02","slug":"bitcoin-whale-holdings-hit-record-high-sparking-market-optimism","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-whale-holdings-hit-record-high-sparking-market-optimism\/","title":{"rendered":"Bitcoin Whale Holdings Hit Record High, Sparking Market Optimism"},"content":{"rendered":"

In just two weeks, the number of wallets holding over 100 BTC<\/a> <\/strong>has increased by 297, indicating rising confidence in the cryptocurrency and suggesting the recent correction may have ended.<\/p>\n

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Currently, whale holdings exceed 670,000 BTC, which could signal a positive outlook for Bitcoin investors. CryptoQuant notes that when whale holdings rise, Bitcoin\u2019s price often stabilizes or slightly declines, serving as a precursor to future price movements. They also observed that significant growth for Bitcoin typically occurs when whale holdings decrease to a negative percentage change.<\/p>\n

Further analysis from Santiment confirmed the emergence of 297 new whale wallets while smaller wallets (holding under 100 BTC) decreased by 20,629. This trend suggests that larger holders are consolidating their assets, historically a bullish indicator.<\/p>\n