Whale Addresses Purchased 20,000 BTC the Previous Day: Analysis

IconCryptoNewsTerminal Staff13 Jun, 2024

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Whale Addresses Purchased 20,000 BTC the Previous Day: Analysis

Cryptocurrency on-chain analyst and CryptoQuant contributor abramchart diagnosed that whale addresses purchased a considerable 20,000 Bitcoin the day before, possibly contributing to the recent surge in the cryptocurrency's price. This significant accumulation by large investors highlights the growing confidence and interest in the digital asset. Analysts believe this accumulation could be a sign of further upward momentum for Bitcoin in the near future.