Bittime - In the last seven days, Bitcoin Whales have increased their accumulation of 20 thousand BTC to a total of $1.4 billion. While interest in spot Bitcoin ETFs and Ether is increasing, Bitcoin price is experiencing resistance at $72k.
One of the world's most popular crypto assets, Bitcoin, is back in the spotlight. Currently, it is focused on the movements of "Bitcoin Whales", a term used to describe people or entities who own a lot of Bitcoin.
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Bitcoin Whales Increase Market Shifts
According to the latest on-chain data analysis from IntoTheBlock, Bitcoin accumulation with balances between 1k and 10k has increased in recent days.
Bitcoin whales in this category have added 20 thousand BTC, or about $1.4 billion, in the last seven days. With the increasing pace of Bitcoin accumulation from investor whales in the recent past, spot Bitcoin ETFs attracted around $1.7 billion in the last eight days.
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Current Bitcoin Price Prediction
Bitcoin price has encountered significant resistance around $72k, this led to an ongoing retrace below $68k on Thursday. As spot Ether ETF approval is anticipated, more Bitcoin traders are reportedly rushing to buy Ethereum.
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Conclusion
The movement of Bitcoin Whales has shown a significant increase in accumulation in the last seven days, adding 20 thousand BTC, or about $1.4 billion. This is coupled with huge interest in spot Bitcoin ETFs, which have topped $1.7 billion in the last eight days.
As well as having an impact on the crypto market. Due to the anticipated approval of a spot Ether ETF, some Bitcoin traders are turning to Ethereum. This happened despite Bitcoin price experiencing major resistance around $72k and a dip below $68k.
How To Buy Bitcoin (BTC) With Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. Bitcoin (BTC) is available on Bittime with BTC IDR pairing.
To be able to buy BTC IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read more:
The Mystery of Mr. 100, The Bitcoin Whale with Total Assets of $3.2 Billion
$300 Billion Crypto Market Rise Boosts XRP and Bitcoin
US Authorities Ready to Sell $2 Billion Worth of Bitcoin
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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