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Crypto Whales And Bitcoin Fans Accumulate BTC

It’s been just revealed that important crypto whales and enthusiasts are heavily accumulating Bitcoin these days. Check out the latest reports below.

Bitcoin accumulation phase

A closely followed quant analyst says that two major Bitcoin stakeholders are heavily accumulating BTC. This is also happening at current levels despite uncertain market conditions.

Ki Young Ju, the head of analytics firm Crypto Quant, said not too long ago that deep-pocketed investors are aggressively loading up on BTC through top digital asset exchange Binance.

“Whales are accumulating BTC in Binance.”

He also said:

“Since Bitcoin price hit the $20,000 level, Binance’s spot trading volume dominance skyrocketed, and it’s now 84%. The second biggest is Coinbase, 9%.”

He stated that he is not sure whether these whales are institutions using prime brokers or crypto OGs (original gangsters) for now.

It’s also been revealed that he stated the fact that there’s sufficient demand to absorb the intense selling pressure.

“BTC spot trading volume for all exchanges increased 20x over the past six months.”

He continued and said:

“The volume renewed a year-high last month, but not much change in the daily closed price, indicating someone(s) is buying all the sell-side liquidity.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $19,326.

Michael Saylor on Bitcoin

Check out the post that Saylor dropped on his social media account below.

Also, in a new interview on the Real Vision Crypto channel, Benjamin Cowen says that crypto assets are massively undervalued based on the logarithmic regression model.

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