🚀🔥 Price shoots above $94K
Something big is coming to the crypto world! 🌊🐳 Bitcoin whales—yes, those giant investors with wallets as heavy as a pirate's chest of gold—are back, and they're buying BTC like there's no tomorrow 🛒📈
According to fresh data from Glassnode 🍷, entities with more than 10,000 BTC are accumulating heavily, with an accumulation score of 0.90 on its flagship metric. And what does that mean? They're buying heavily, and that's typically a sign of a strong market rally.
But that's not all...
Crypto Quant also dropped a bombshell: we're seeing the largest outflow of BTC from centralized exchanges in the last 2 years 🔥📤. This means that holders prefer to store their BTC in cold storage, away from exchanges, which is often interpreted as a long-term hodling move 🧊🔒
Bitcoin's price is already showing signs of rising: from $75,000 to $94,000 in just a few weeks. Bang! A massive surge 🎬📈
✅️ Here are some facts you can't ignore:
• Entities with more than 10,000 BTC: Beast Mode accumulation with 0.90 🐋
• Entities between 1,000 and 10,000 BTC: also buying, with a 0.7 💪
• Minnows with less BTC: starting to accumulate also with 0.5 🐟
• BTC outflows from exchanges at a 2-year high according to CryptoQuant 📉
Are we witnessing the start of a new bull run? Or is this simply a respite before more volatility? Time will tell... ⏳
📌 Fuentes: Glassnode, Crypto Quant
🫵🏻🤔 What do you think?
Do you think whales know something the rest of us don't yet? 🧐
👀Are you accumulating or waiting for a new drop?
💬Leave it in the comments, share this news, and don't forget to follow me for more daily updates from the crypto world!
👍 See you in the next wave! 🌊🤚🏻
