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