($BTC) - Whales Holding Over 1,000 Bitcoin Could Fuel Another Rally, Data Suggests
What Happened: These Bitcoin whales each hold over 1,000 Bitcoin (CRYPTO: BTC) and have the power to influence the digital asset’s next rally. According to data from on-chain analytics platform Santiment, the last time these whales held over 43% of the coin’s supply was on Feb. 8, which coincided with Bitcoin’s 54-week high. These holders were believed to have fuelled the asset’s rally to its all-time high of $58,354 on Feb. 22. Why It Matters: According to analysts from Santiment, whales bought up supply 12 days before Bitcoin’s rally to its all-time high. Similarly, a drop i...
Source: benzinga.com
