Bitcoin’s Resurgence: Whale Accumulation Signals Bullish Momentum

Bitcoin’s Resurgence: Whale Accumulation Signals Bullish Momentum

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Source: TheMerkle.com

Bitcoin is currently trading just above $68,000, a notable increase from its recent price of $66,100. Despite this positive trend, many small traders have continued to liquidate their holdings, contributing to a shift of coins from smaller to larger wallets. 

Historically, this behavior has been a bullish indicator for Bitcoin, signaling that larger, more experienced investors are accumulating the cryptocurrency.

🐟👋 #Bitcoin is dancing just above $66.1K as small traders

Read More https://themerkle.com/bitcoins-resurgence-whale-accumulation-signals-bullish-momentum/

The post "Bitcoin’s Resurgence: Whale Accumulation Signals Bullish Momentum" appeared first here TheMerkle.com.

Source: TheMerkle.com

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