Crypto whale scoops up 84,000 BTC in July: Bullish market shift?

Quick Summary:

Crypto whales have significantly boosted their Bitcoin holdings, suggesting a bullish sentiment.

The analysis of the Bitcoin Market Value to Realized Value (MVRV) ratio revealed a slight increase to just over 1% at present.

As the MVRV ratio was above 1% at press time, it indicated that, on average, crypto whales that accumulated Bitcoin recently still held their investments with a profit margin of over 1%.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: News BTC Trading View Bitcoin Ambcrypto Trading View Social News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 17:00:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 589 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 21899666

View Article Analysis

About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 23 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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: #103

Publisher Details

Frequently Asked Questions