Bitcoin Price To Reclaim $60,000 As Institutional Investors Pile 102k BTC In 3 Months?

Quick Summary:

Investors in the cryptocurrency market, especially novices, faced acute capitulation last two weeks as Bitcoin price retreated to $54,000.

Based on blockchain data from CryptoQuant, the high-profile investors accumulated 101.6 BTC between one month and three months ago.

However, on-chain data reveals institutional investors took advantage of the dip to accumulate more BTC.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: Price Analysis Bitcoin Price Analysis Bitcoin (BTC) Price Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 16:29:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 47 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21576306

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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