Bitcoin whale accumulation reaches pre-2020 bull run levels — Is BTC set to break $70K?
Bitcoin’s short-term holder realized price rose to $63,729, suggesting a definitive breakout above the $70,000 level next.
Bitcoin (BTC) accumulation by large holders has reached levels not seen since before the 2020 bull market. Could it propel Bitcoin’s price to a breakout above the $70,000 mark?
Bitcoin accumulation by whales, or entities holding at least 1,000 BTC, has hit a nearly four-year high last seen during 2020, according to a Bitfinex research report shared with Cointelegraph.
Referencing the chart below, the Bitfinex analysts wrote:
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Author: Zoltan Vardai
