Bitcoin’s $60,000 Surge: Should You Buy or Sell Now Whales

News Guru March 2, 2024

Bitcoin’s $60,000 Surge: Should You Buy or Sell Now Whales

Bitcoin's $60,000 Surge: Wallets Dance to Different Tunes and Holders⁣ on the Rise

Journalist

BTC Whales Show Accumulation and Selloff.
BTC returns to $60,000⁤ Exceeding the mark⁣ has an impact on the number of owners?

Bitcoin whales react differently [BTC]Santiment’s data showed that different ‌types of Bitcoin whale wallets reacted differently to the recent ⁤rise in BTC ⁤prices.

Chart showing ‌over 187,000 wallets with more than zero coins increased. The graph displayed an increase in wallets with more than ⁢0 coins as people started entering the market.

In the⁢ last ‍few⁤ days, wallets holding 100 to 1,000 BTCs have accumulated more than 78,000 ‌coins.

Bitcoin Whale Wallets

Source: Santiment

In contrast, a⁣ second category of whale wallets also⁢ saw a decline. ⁤Wallets with 1,000 to 10,000 coins reduced their holdings by ‍more than 75,000 BTCs. This decline⁢ is a sign of wallet sales in these categories.

Upon closer inspection, it‌ is clear that the⁤ sale coincided with‍ an increase in⁤ BTC price.

The total ‌number of BTC ⁣owners is increasing⁤

A look at the number of Bitcoin owners ‌shows a moderate increase in the last few days. Santiment’s chart showed a noticeable uptrend that kept the number in the 52 million range.

The total number of holders at the time of writing was 52.53 million, compared to 52.27 on February 26th. ‌This slight increase suggests that there is a growing number of new holders despite the current price range.

Total number of Bitcoin holders

‌Source: Santiment

The number of Bitcoins in profit for current holders has increased. The chart analysis showed an‍ increase ‍of‌ around 93.7% to over 98% from February 25th to⁣ March 1st. This ‍means that around 19.4 million BTCs are currently making a profit.

What is the current value of 1,10,100 BTCs?

Bitcoins Above‍ $60,000

The Bitcoin Relative Strength Index showed that ⁤the currency was still in an uptrend‌ and was ⁣in the overbought zone.

The price⁤ has remained the same, although it fell by over 2% from $62,390 to $60,800 on February 29th. ‌The price of the car has increased to $61,000 at the time of writing. This is a slight increase of less than 1%.

Bitcoin price daily time frame trend

Trading view

Categories: Cryptocurrency News

Chart showing ‌over 187,000 wallets with more than zero coins increased. The graph displayed an increase in wallets with more than ⁢0 coins as ​people started entering the market.

The total ​number of holders at the time of writing was 52.53 million, compared to 52.27 on February 26th. ‌This slight increase suggests that there is a growing number of new holders despite the current price range.

The price⁤ has remained the same, although it fell by ​over 2% from $62,390 ​to $60,800 on February 29th. ‌The price of the car has increased to $61,000 at the time of writing. This is a slight increase of less than 1%.

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Chart showing ‌over 187,000 wallets with more than zero coins increased. The graph displayed an increase in wallets with more than ⁢0 coins as people started entering the market.

The total number of holders at the time of writing was 52.53 million, compared to 52.27 on February 26th. ‌This slight increase suggests that there is a growing number of new holders despite the current price range.

The price⁤ has remained the same, although it fell by over 2% from $62,390 to $60,800 on February 29th. ‌The price of the car has increased to $61,000 at the time of writing. This is a slight increase of less than 1%.