Bitcoin Whales Accumulate Over $2.24 Billion in Three Days
Strong activity within the Bitcoin network indicates a potential for price appreciation. Key highlights include:
- Bitcoin whales have added over 22,000 BTC worth $2.24 billion in three days.
- MicroStrategy acquired an additional 11,000 BTC, raising its total to 461,000 BTC.
- KULR purchased 79.39 BTC for $8 million, increasing its holdings to 510 BTC.
- Investor confidence is driven by anticipation of a U.S. Bitcoin reserve announcement.
- Bitcoin has tested the $100,000 barrier, briefly exceeding $109,000 recently.
- Long-term holders are retaining their BTC, with supply at peak levels after more than 155 days.
- Spot Bitcoin ETFs recorded $3.26 billion in inflows over four trading days, including $802.5 million on January 21.
- Bitcoin's price surpassed $105,000, gaining 3.3% in the last 24 hours and 8% over the week, with a market cap of $2.1 trillion.
- The overall cryptocurrency market capitalization rose by 3.5% to $3.63 trillion.
Current trends suggest a bullish outlook for Bitcoin, as it tests the upper band of the Bollinger Band for potential upward movement.