Whales Resume Bitcoin Accumulation After Major Selloff

Quick Summary:

Institutional investors, often referred to as “whales,” have resumed Bitcoin accumulation following a significant selloff in December 2024.

According to CryptoQuant contributor caueconomy, over 34,000 BTC have been purchased in the past 30 days, helping stabilize the market after a 15% correction caused by the offloading of 79,000 BTC in a single week.

Since June 2023, whales have steadily increased their Bitcoin holdings, even during periods of price volatility and retail inactivity.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: BITCOIN Crypto News Caueconomy Whales Resume Bitcoin Accumulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 12:18:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 24998207

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Year Established: 2020

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News Last Updated: 9 hours ago

Coverage Areas: India

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Publisher ID: #121

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