Bitcoin Whales Control 94.5% Of Exchange Volume – Selling Patterns Suggest Shift Ahead

Quick Summary:

Bitcoin has experienced a significant surge, climbing from local lows of $92,000 to a local top of $98,950 yesterday.

This upward momentum has reignited optimism among investors and analysts as the leading cryptocurrency continues to show resilience after weeks of market indecision.

Their dominance not only underscores the concentration of market power but also raises questions about the sustainability and trajectory of this recent surge.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bitcoin News Bitcoin news BTCUSDT Bitcoin Volume Btc Bitcoin analysis Bitcoin whales Bitcoin Exchange Activity

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-04 @ 16:00:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 57 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 24890696

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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