Floor In? Whales Accumulating Bitcoin, Setting the Stage for a Breakout Over $50,000
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"Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that wealthy investors consider the current Bitcoin price levels as attractive to place bullish bets." [READ MORE]
Has the floor been found?
Whales have returned to accumulating Bitcoin, raising optimism for a $50K breakout. https://t.co/kSu4FL0pa7
— Cointelegraph (@Cointelegraph) August 30, 2021
