Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K

Bitcoin whales join ‘small fish’ in buying BTC as price holds above $47K

Bitcoin addresses holding 1,000–10,000 BTC have resumed accumulating coins. Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000.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.Bitcoin....


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