Mr4Beast

06/20 13:17

Bitcoin Dips Below $64K Again: Here’s How Whales R

After showing signs of recovery, Bitcoin (BTC) lost momentum and dipped below $64,000 earlier today before finding support there. While short-term sentiment weakened, the largest BTC holders appeared unfazed, using the decline as a buying opportunity. Whale Accumulation Returns Bitcoin whales holding at least 1,000 BTC have increased their combined holdings to 7.17 million BTC, according to Santiment’s latest findings. This is the highest level recorded since March 14. These large holders now control 35.82% of Bitcoin’s available supply, while the number of wallets holding at least 1,000 BTC stands at 2,044. Additionally, crypto analyst Darkfost revealed that addresses holding more than 1 BTC have increased their combined holdings to a new all-time high of over 16.8 million BTC. The total supply held by this group continues to rise. Darkfost explained that this trend could be linked to Bitcoin’s gradual institutionalization, although he stressed that such a development should be viewed from a long-term perspective. Retail investors are also showing signs of renewed accumulation, but at a slower pace. This group is currently estimated to hold around 1.7 million BTC, which remains below the peak recorded in December 2023. The analyst went on to add that some retail participants may have taken profits during previous rallies, while others could have shifted their exposure to Bitcoin exchange-traded funds, which are easier to manage. Despite these differences, both large holders and retail investors appear to be increasingly viewing the current market environment as an opportunity to accumulate Bitcoin.#2026 World Cup Posting Challenge on HTX Square #TradFi Trading Strategies Sharing Challenge #BTC Prophet: 20-Day 380 Million HTX Challenge

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