- Bitcoin whales holding 100 to 10k BTC have accumulated 60k coins in a single day.
- The event happened on July 3rd, and coincided with the largest downward Bitcoin mining difficulty adjustment in history of 28%.
- The accumulation might have been due to the prospects of the Bitcoin network becoming more decentralized with the forced exodus of miners within China and its territories.
- Bitcoin has since reclaimed the $35k support and could be headed towards reclaiming the 50-day moving average.
- Bitcoin whales holding between 100 and 10k BTC accumulated 60,000 more coins in the largest daily accumulation of 2021. The event which happened July 3rd, was captured by the team at Santiment through the following statement and accompanying chart.
- "Bitcoin‘s whale addresses holding between 100 to 10k $BTC kicked off July with a 60k $BTC accumulation spike, the highest daily spike of 2021. These addresses hold 9.12M coins combined after holding 100k less $BTC just 6 weeks ago."
- To note is that the accumulation of 60k Bitcoin also coincided with yesterday’s largest negative difficulty adjustment of the BTC network. The difficulty adjustment worth -28% was a consequence of China staying true to its word of banning BTC mining within its borders and territories.
Tuesday, July 6, 2021
BITCOIN WHALES ACCUMULATE 60,000 BITCOIN IN THE HIGHEST DAILY SPIKE IN 2021 💰⚡🐋
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