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Cryptoquant: Bitcoin Price Rally Hid a 60,000 BTC Whale Buying Spree

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Wallets holding more than 100 bitcoin added roughly 60,000 BTC in August, according to Cryptoquant data, while smaller holders sold into the month’s rally. The Chart Behind the Bitcoin Price Rally Cryptoquant analyst Woo Minkyu laid out the month gone by in a single chart, exposing a stark slip. Between August 1 and August 30, […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Whale accumulation signals strong institutional demand, boosting short-term confidence.

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Cryptoquant: Bitcoin Price Rally Hid a 60,000 BTC Whale Buying Spree — Crypto Insight