Bitcoin Whales Accumulate 60,000 Bitcoins In A Day. What Happens Now?
Bitcoin whales have resumed accumulating coins in what has turned out to be the biggest Bitcoin accumulation event in 2021. A number of Bitcoin whales addresses that currently hold a number of 100 to 10,000 bitcoins in their wallet accumulated over 60,000 bitcoins in a single day.
Lately, Bitcoin has been sluggish in the market due to a high number of sell-offs and not enough people buying back in the coin. But over the past six weeks, the whale wallets have accumulated over 100k bitcoins. With over 60% of these Bitcoins being bought in just one day.
This accumulation event sent the coin price shooting up. This helped Bitcoin to break the $35,000 price point which it had been struggling to break since the crash from $64k began.
