The post Bitcoin Surges to $73,000: Whale Accumulates 880 BTC Amid Price Retracement appeared on BitcoinEthereumNews.com.

According to recent data from EmberCN, after Bitcoin peaked at $73,000, a notable price correction occurred swiftly. During this interval, a cryptocurrency whale has been actively increasing their holdings, acquiring 880 BTC—approximately valued at $61.17 million—at an average price of $69,511 over the past three days. This strategic accumulation highlights the ongoing interest in Bitcoin’s price dynamics among large investors. Previously, this particular whale had added to their portfolio with a total of 501 BTC in June at an average price of $30,240. Currently, their total possession of 1,381 BTC carries an average cost basis of only $55,264, showcasing the benefits of prior investments during market lows. Such movements can often indicate market sentiment and could provide insights into future trends. Source: https://en.coinotag.com/breakingnews/bitcoin-surges-to-73000-whale-accumulates-880-btc-amid-price-retracement/

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Filed under: News - @ November 4, 2024 7:24 am