Another Week of Institutional Accumulation: CoinShares Sees $42 Million Weekly Crypto Inflows

Institutional investors have kept accumulating cryptocurrencies for five weeks in a row now, according to CoinShares' latest report.

Bought The Dip: El Salvador Purchased Another 150 BTC as Bitcoin Dipped to $45K

El Salvador continues with its bitcoin accumulation by purchasing another set of 150 coins.

 Bitcoin needs to overcome this hurdle to make big strides in coming days

Bitcoin accumulation continued in the spot market, even amid consolidating prices, post the September 7 crash.

Bitcoin: This might be the story behind MicroStrategy execs offloading stocks

After several rounds of accumulation, MicroStrategy became the largest HODLer of Bitcoin as a public company a few months ago.

Bullish for Bitcoin Price? Wyckoff Accumulation Phase D Likely Completed – Phase E Next

Bitcoin’s recent 2-week consolidation breakout above $50.5k has likely concluded Phase D of Wyckoff Accumulation, preparing the cryptocurrency to enter the Phase E mark up.

Bitcoin Price Analysis: On-Chain Showing Strong Accumulation, Will Weekly Close Breach $50k?

The battle for $50k continues as the bitcoin price is trading above and below the key level.

Short or Long - Where do the Bitcoin, Ethereum derivatives markets stand

Bitcoin and Ethereum accumulation continues in the spot market as the focus now shifts towards the derivatives market.

‘Time Is Running Out’ To Load Up on These Two Altcoins, Says Top Crypto Analyst

Popular trader and analyst Credible Crypto says that it is almost time for two altcoins to surge and end their accumulation phase.

Bitcoin price sinks to $46.7K despite record accumulation and supply shock events

Everything is bullish but the price when it comes to Bitcoin on Tuesday, the market still waiting for cues. Bitcoin (BTC) saw fresh local lows on Aug.

Accumulation Resumes: After Short Break, Third Largest Bitcoin Whale Buys $24M Worth of BTC

One of the largest Bitcoin whales has resumed his/her appetite for accumulating bitcoin with two purchases in the past two days.

Fetch.ai, Bancor and Two More Altcoins Headline Assets With Heavy Whale Accumulation: Santiment

Crypto analytics firm Santiment says that deep-pocketed investors are buying up Fetch.ai, Bancor and two more altcoins.

Pro traders are mildly skeptical about Bitcoin’s recent return to $50K

Bitcoin's price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons. The price of Bitcoin (BTC) is back at the $50,000 level, and there's little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval.Despite the positive newsflow, the top traders at crypto exchanges and derivatives data appear unmoved by the recent rally to the $50,000 resistance.Crypto analyst Will Clemente highlighted the accumulation from addresses containing 1,000 to 10,000 BTC.Price down today while whale holdings went up by ~13,000 BTC.

Bitcoin Supply Held by Long-Term Holders Hit ATH as BTC Exchange Outflows Dominated

Long-term holders have emerged to be significant players in the Bitcoin ecosystem as their accumulation continues to scale the heights.

Prominent Crypto Trader Sees Bullish Continuation for Three Altcoins, Says Ethereum in Accumulation Phase

A popular crypto analyst and trader is calling for more bullish moves for three altcoins.

Ethereum Whales’ Accumulation Mode Continues as Price Tops $3,200

Ethereum whales are not relenting in their accumulation quest because addresses with more than 100k coins now hold 43.7% of the ETH supply.

Bitcoin Accumulation Patterns Shows Rally Might Only Be In Its Early Stages

Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon.

Is BTC’s Wyckoff Accumulation Still Intact And Where is Bitcoin Headed? (Price Analysis)

BTC’s impressive rally from $29.3k to $42.6k has significantly improved the technicals and especially the momentum for the largest cryptocurrency.

Bitcoin’s On-Chain Data Shows a Pattern of Accumulation is in Play

The Realized Cap HODL Waves indicator, as availed by Glassnode, illustrates a pattern of accumulation is in play in the BTC market.

Analysts: Bitcoin Accumulation in Play, Similar to Mid-2018

On-chain metrics for the Bitcoin network are continually improving with more of the asset leaving crypto exchanges while accumulation continues.

Bitcoin outflows from centralized exchanges surge to 100K BTC monthly

Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per month for just the third time since September 2019.

Bitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K

"This is just on-chain sentiment, though.

Litecoin Whales Quickly Add $30,000,000 in LTC Amid Decline in Value: Santiment

Blockchain analytics firm Santiment says Litecoin (LTC) is experiencing a strong wave of accumulation from whales, or wallets with at least 1,000 to 100,000 LTC.

The Wyckoff Accumulation: After Bitcoin’s $30K Breakdown, Is Structure Still Intact?

The Wyckoff Accumulation has been highly controversial and discussed pattern over the past two months of Bitcoin’s consolidation.

Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing

Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each month.

3 altcoins showing signs of accumulation while Bitcoin price is down

DeFi and NFT-related tokens like GHST, CNS and TLM defied the market’s bearish mood to post double-digit gains in the past 48-hours.

This is what everyone got wrong about Bitcoin's corrections 

Accumulation in the Bitcoin market has become a frequently discussed topic within the crypto-community.

Record low Bitcoin velocity suggests BTC may ‘move to the downside’

Weekly Bitcoin transactions and velocity hit record lows, leading one analyst to suggest that even with BTC stable at $33,000, further downside could ensue. In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session. The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the $30,000 to $32,000 level continues to function as a support level, a recent market update from ByteTree CEO James Bennett paints a mixed picture of what may be in store for BTC.According to analysis from Bennett, the price of Bitcoin has stabilized near the $34,000 level due to a reduction in miner selling and an increase in accumulation, but he also warns that several metrics show that decreased activity on the network hint that BTC is still in a neutral zone where there is a reduced appetite from key players.

Price analysis 7/14: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin and most major altcoins are bouncing off strong support levels, indicating possible accumulation by the bulls. Bitcoin (BTC) has once again held the critical support area at $31,000 today, indicating accumulation at lower levels.

Signs of Whale Accumulation, but Where is Bitcoin Potentially Heading if $30K Breaks? (BTC Price Analysis)

BTC started the week with a 7% pullback, a jump in BTC Bitfinex Shorts, and uncertainty over Grayscale’s GBTC unlock. On-chain analysis detected Net Exchange Inflows and increasing Bitfinex Shorts before BTC started its latest price dump, as can be seen on the following charts: However, the good news for the bulls is that there are […]

Bitcoin price can only go up if $30K accumulation 'reset' continues — research

Investors who sold BTC above $30,000 on the way to all-time highs are now buying back in, Ecoinometrics reveals. Bitcoin (BTC) is seeing a “reset” in investor behavior at $30,000 and the trend need only continue to spark a price rise.According to on-chain monitoring resource Ecoinometrics on July 13, the only way is “up” for BTC/USD if hodlers continue accumulating coins."Intriguing" data points to fresh demandAnalyzing who bought coins since the start of the latest bull run in October 2020, Ecoinometrics showed that major change is afoot compared to last year.At the start, it was smaller investors, or “small fish,” who were accumulating.

Analyst on Bitcoin: I think the next major event is when...

Accumulation in the Bitcoin market has recently been a frequent topic of discussion within the crypto community.

Glassnode: Bitcoin Back in Accumulation Mode But Big Move Ahead

Bitcoin markets have remained sideways for almost two months now, which if history rhymes is a precursor to a large move ahead.

Traders are withdrawing 2,000 BTC from centralized exchanges daily

Surging BTC outflows from centralized exchanges suggest the Bitcoin markets could be in an accumulation. The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily.Glassnode’s July 12 Week On-Chain report found that Bitcoin reserves on centralized exchanges have fallen back to levels not seen since April, the month that saw BTC blast to its all-time high of roughly $65,000.The researchers noted that during the bull run leading up to this peak, relentless depletion of exchange coin reserves was a key theme.

Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week's unlocking of more than $550 million worth of Grayscale's GBTC shares.Data from Cointelegraph Markets Pro and TradingView shows that the early morning downtrend in BTC on July 12 continued into the afternoon as the price of BTC dropped below the $33,000 support level after bears took control of the market.

Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

Glassnode data reveals that investors with a long-term risk outlook have started accumulating Bitcoin during its recent downtrend. Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11.

Bitcoin Exchange Reserves Make A Downtrend, Are Whales Starting To Accumulate?

Bitcoin all exchanges reserve seems to be making a gradual downtrend, a sign that accumulation has been going on.

The Wyckoff Accumulation: Why Is Bitcoin at a Critical Level According to the Model?

Bitcoin's price performance lately has followed the Wyckoff Accumulation Schematic, with investors speculating on what's coming next, according to the popular model.

Here's what would trigger a swing to the upside for Bitcoin

A recent article discussed the possibility of Bitcoin being in a Wyckoff Accumulation as its price targets a comeback towards the $40,000 mark.

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.

Bitcoin exchange supply hits a 6-month low as accumulation continues

The likelihood of another steep selloff for BTC is diminishing as more holders are accumulating, according to data from Santiment.

Bitcoin Whales Added 60K BTC in a Day: Starting Historically Profitable July

Bitcoin whales are still buying BTC and have recorded the highest accumulation in a single day with a 60k BTC purchase

Bitcoin spring? Wyckoff 'groundhog' indicates crypto winter may last another 6 weeks

Analysts warns that the Wyckoff Spring phase may still be in the future as mounting pressures could lead to another low in Bitcoin. The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next.

Willy Woo: 'Rick Astley' hodlers a key force again and on-chain signals suggest 'recovery'

Those that are never gonna give up BTC are still accumulating according to the analyst.

What happened to the traders who bought Bitcoin and Ethereum during the crash

What happens to the traders who await crashes for accumulating and lowering the average price of the Bitcoin they own? There was an increase in the accumulation of Bitcoin and Ethereum since the crashThe post What happened to the traders who bought Bitcoin and Ethereum during the crash appeared first on AMBCrypto.

3 things traders are saying about Bitcoin and the state of the bull market

Contrarian Bitcoin analysts pinpoint three reasons why they are still bullish on BTC price for the short and long-term. Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the Bitcoin chart as an omen for another potential drop in the price but analysts with a more contrarian point of view look at this chart pattern as a signal that it is time to buy the dip. The ultimate thread on #BTC deathcross and cycle data analysis1) Historical #deathcross until #goldencross time (in days) + largest price swing since deathcross begins:2011: 180 D, -59%2014: 90 D, +83% 2014: 390 D, -63%2018: 360 D, -55%2019: 105 D, -29%2020: 50 D, +66% pic.twitter.com/8JmbtnFLGJ— venturefoundΞr (@venturefounder) June 17, 2021 Three reasons why some traders still see a bull case for Bitcoin include the appearance of the "spring” stage of the Wyckoff accumulation model, steady buying by long-term holders and the formation of a bear trap at the golden ratio that is similar to moves seen during previous bull runs.

Price analysis 6/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

The swift rebound in Bitcoin and altcoins indicates strong accumulation occurring at lower levels. Bitcoin (BTC) dropped below $30,000 on June 22, which may be a final sign of capitulation.

‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days

Whales appear to be accumulating in anticipation of higher prices, with “millionaire” wallets increasing their holdings by 90,000 BTC in just 25 days. Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days.The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by Santiment as “millionaire tier” addresses — are now the largest segment of Bitcoin hodlers and currently account for 48.7% of Bitcoin's supply.The recent buying spree places the millionaire addresses at a seven-week high for the number of Bitcoin held, with the addresses representing more than 9.11 million BTC — down just a couple of percent from their mid-April high.

Bitcoin Buying Spree: Whales Purchased 90,000 BTC in 25 Days

BTC accumulation is coming from every direction.

Bitcoin price is fragile, but on-chain data points to fresh accumulation

On-chain data shows long-term holders are back in accumulation mode after the recent shake-out cleared network congestion and shook out over-leveraged traders. The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated.

Traders holding Dogecoin, Theta, Binance Coin can expect this move during the week

Crypto traders' focus has shifted from Bitcoin accumulation to trading in altcoins, following the crash of May 19 and this is evident from the increasing investment inflow and transaction volume in toThe post Traders holding Dogecoin, Theta, Binance Coin can expect this move during the week appeared first on AMBCrypto.

From Speculation to Allocation: Crypto Markets Seeing a Paradigm Shift

There's a paradigm shift from pure speculation to tactical allocation in the crypto market as investors are locked in an accumulation phase and are holding their positions with a medium- to long-term view, according to digital asset investing firm CoinShares. "This trend is also highlighted by the amount of coins left on exchanges, a metric which is experiencing an

Bitcoin accumulation uptrend can create a 2013-style BTC price ‘double pump’

Long-term Bitcoin holders remain unfazed by the recent sell-off, but there is still one alarming sign. A recent run-down in Bitcoin’s (BTC) price from about $65,000 to as low as $30,000 did not force long-term holders into selling, Glassnode data shows.The on-chain analytics platform revealed a spike in Bitcoin reserves held in wallets with lower unspent output just as BTC/USD’s bids were crashing.

Data Shows Bitcoin Addresses in Accumulation Captures Fresh New Highs

After bitcoin prices dipped to a low of $30,066 per unit last week, lots of people have been focused on the panic sellers.

Bitcoin's drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation

The ongoing Bitcoin price correction draws a comparison with the March 2020 crash with one big difference.

MicroStrategy Buys Another $15M Worth of Bitcoin at $55K

MicroStrategy continues with its bitcoin accumulation by purchasing another portion worth $15 million.

Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services

Citigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers.

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and The post Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation appeared first on AMBCrypto.

Bitcoin Whale Behavior Shows Massive BTC Accumulation Above $50,000, Says CryptoQuant CEO

CryptoQuant chief Ki Young Ju is unveiling how Bitcoin whales are playing the market as BTC consolidates between $50,000 and $60,000.

Uniswap, BitTorrent Token, Elrond Price Analysis: 12 April

Uniswap was consolidating above the $30 mark while BitTorrent Token also showed signs of being in an accumulation phase.

Retail Accumulation May Account for Why Ethereum Maintained Support at $2000

Ethereum is fighting to maintain support at $2,000.

Miners are hoarding Bitcoin from record daily earnings

Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following heavy outflows throughout January and consistently reduced selling during February and earlier in March. Glassnode CTO Rafael Schultze-Kraft, notes several metrics pointing to recent miner accumulation — including flows from miner addresses, unspent BTC supply, and miner position net change. Glassnode’s data shows that unspent supply — BTC that has never been transferred from the (miner’s) original recipient address — has begun to rise after seeing a sharp drop in January, when 15,000 previously dormant coins were moved from mining addresses for the first time.

Glassnode Unveils Massive Whale Accumulation of Bitcoin in Spite of Rising BTC Price

New analysis from crypto intelligence company Glassnode is revealing massive whale activity amid Bitcoin’s meteoric ascent this year.

$800,000,000 in Ethereum Just Left Crypto Exchange in Likely Massive Institutional Accumulation: Quant Analyst

CryptoQuant CEO Ki Young Ju is revealing that nearly a billion dollars worth of Ethereum was withdrawn from crypto exchange Coinbase in the past week.

Three-quarters of circulating BTC last changed hands for less than $10,800

After a recent spike in profit-taking, long-term Bitcoin investors are back to offloading coins at the same rate they were in 2020.

Stablecoin reserves on crypto exchanges hit new historic high of $10B

Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin. Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion. Cryptocurrency exchanges are now holding nearly 16% of the total market value of all stablecoins, as stablecoin market capitalization amounts to $63 billion at the time of writing, according to data from CoinGecko.

XRP Price Analysis: 26 March

XRP whales were in accumulation mode, concluded experts upon analysis of XRP on-chain data.

Ethereum’s Non-Exchange Whales Record the Highest Tokens in their Custody Since 2016

New data by on-chain metrics provider Santiment reveals that Ethereum’s non-exchange whales are on an accumulation spree as they continue buying more ETH.

Binance Coin, Monero, Basic Attention Token Price Analysis: 21 March

Binance Coin presented a target above the $300-mark post an accumulation phase.

Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’

Analysts say Bitcoin whale wallet accumulation and persistent dip-buying by institutional investors signal that BTC price has plenty of room to appreciate. Bitcoin (BTC) bulls finally mustered enough strength to push the top-ranked cryptocurrency through the $60,000 level and citing key on-chain metrics, analysts believe the bull run has a ways to go before reaching any considerable resistance. Since pushing back above $50,000 on March 9, every dip in Bitcoin price has been quickly purchased by institutional investors and the BTC balance of whales has also continued to grow over the past few months. BTC/USDT 4-hour chart.

Crypto Whales Pounce on Bitcoin, Mount One of the Strongest Accumulation Periods in History

Crypto whales are accumulating Bitcoin at an astounding pace as the flagship cryptocurrency renews its battle to record a fresh all-time high.

Glassnode: $47k showed strongest on-chain support since BTC broke $11k

Approximately 6.5% of Bitcoin’s circulating supply moved on-chain while the markets found support at $47k, representing “one of the largest on-chain BTC accumulation levels” ever. On-chain crypto analytics firm Glassnode has reported significant on-chain support was found for BTC at the roughly $47,000 level, describing the event as the largest on-chain support identified since Bitcoin broke above $11,000 in late 2020. According to a March 8 report from Glassnode, approximately 1.2 million Bitcoin were moved on-chain as BTC’s price traded between $45,500 to $48,900 after bouncing off a local low near $45,000 last week. Glassnode CTO Rafael Schultze-Kraft noted that roughly 6.5% of Bitcoin’s circulating supply moved on-chain as support was established. This support is holding nicely.And it got stronger! We now have a wall of 1.2M $BTC that moved on-chain between $46.6k and $48.6k.That's 6.5% (!) of the circulating supply.I'd be surprised if we go below anytime soon.I was long at <$50k, and am long now anyways.#Bitcoin https://t.co/eXcOhSmzbF pic.twitter.com/Gj3TFHVADW— Rafael Schultze-Kraft (@n3ocortex) March 7, 2021 While Glassnode suggested the large Bitcoin movements could be indicative of accumulation, the firm acknowledged the spike in on-chain activity could also be attributed to sellers racing to get their coins onto exchanges: “An important question we must ask is whether this volume on-chain is associated with accumulation, or is it instead a rush for the exits by sellers.” However, the report’s authors noted that the number of Bitcoin held on exchanges has continued its recent trend of decline, with 32,500 BTC being withdrawn from centralized platforms this past week. Bitcoin UTXO Realized Price Distribution. So

The number of BTC held on exchanges crashed 20% in 12 months

Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges. Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months. The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch.

Why Bitcoin whale deposits may lead to a price drop

Bitcoin outflows from Coinbase have made headlines for the past week since they have had a positive impact on the price in the past market cycles, signaling accumulation by institutions and whales.

Coinbase Whale Accumulation Could Prevent Bitcoin Dropping Below $44K

Bitcoin prices have recovered somewhat since yesterday’s flash crash drove them into the ground temporarily, but metrics from Coinbase suggest there could be a $44k bottom due to whale accumulation.

REN price rallies 60%, hitting a new high after recent DeFi integration

REN price spiked to a new all-time high shortly after its recent integration with Binance Smart Chain. Ren (REN) price underwent a strong 65% breakout on Feb.19 as the interoperability-focused protocol saw continuing accumulation from whale wallets holding more than 1 million REN.

Battle of the whales as $50K Bitcoin hinges on 'Coinbase premium'

A negative premium implies that accumulation will last a little longer, meaning that $50,000 as support may have to wait too. Bitcoin (BTC) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests. In a tweet on Feb.

Bitcoin Holders Have Now Stashed Away 15% of Circulating Supply

Continued accumulation of bitcoin by investors is causing market liquidity to drop and helping drive prices higher.

Grayscale is buying BTC 54% faster than it is mined so far in 2021

Grayscale is continuing its BTC accumulation spree, snapping up more than 40,000 BTC in just 16 days. Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13.

Bitcoin Falls 5% Despite Continued Accumulation by Investors

Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors.

Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

The price of bitcoin and a number of digital assets have been consolidating this week, after a number of crypto markets dropped over 25% the week prior.

Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

Volatility and funding rates surge, but large BTC holders continue to accumulate. As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone.

Top 100 Bitcoin addresses accumulated $11B more BTC in the past 30 days

Bitcoin’s top 100 richest addresses have snapped up almost 350,000 more BTC in the last 30 days. The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days.  In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000.