Whales Hit All-Time High Bitcoin Holdings At 670,000 – What Does This Mean For BTC?

Quick Summary:

Analysts suggest this accumulation phase, marked by Bitcoin’s sideways trend or… — CoinNess Global (@CoinnessGL) October 24, 2024 US Elections Could Be A Factor Analysts said that whale activity is a key driver in the crypto market, however, they said that a price shift in BTC does solely rely on whales since several factors have an impact on Bitcoin prices, and the US presidential election is one of them.

Undoubtedly, this is an optimistic long-term sign.” – By @BaroVirtual Full post 👇 pic.twitter.com/7esCP6fVBE — CryptoQuant.com (@cryptoquant_com) October 24, 2024 The crypto analyst said that the real’ growth in Bitcoin happened after the whales decided to dispose of their holdings and reached a negative percentage change value.

Related Reading: Against All Odds: Solana (SOL) Breaks Past $176 In 3-Month Push Impact Of Whale Accumulation Crypto analysts said that one of the positive impacts of whales buying large volumes of Bitcoin is it helps stabilize the market.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cryptocurrency Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 23:30:05 (4 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23255479

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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: #102

Publisher Details

Frequently Asked Questions