Bitcoin Accumulation Surges as Whales Show Confidence Amid Rising Profit-Taking Pressure
Main Idea
Bitcoin's network activity is surging with 94% of its supply in profit, leading to increased accumulation by long-term holders and whales, signaling strong market confidence despite short-term profit-taking risks.
Key Points
1. 94% of Bitcoin’s supply is currently in profit, raising the risk of short-term profit-taking.
2. Long-term holders (LTHs) and whales are increasing their positions, showing confidence in Bitcoin’s future.
3. Whale activity has surged, contributing to record-high Bitcoin accumulation, with major players buying aggressively.
4. BTC price holds steady above key moving averages, with RSI near 58, indicating potential bullish momentum.
5. MicroStrategy added $18 million in Bitcoin, bringing its total holdings near peak levels, tightening supply as demand accelerates.
Description
Bitcoin’s network activity is on the rise, with 94% of its supply in profit. While short-term traders are taking profits, long-term holders are accumulating, indicating strong market confidence. 94% of
Latest News
- Bitcoin Approaches $118K CME Gap: Could This Signal a Move Toward $150K?2025-08-12 20:21:41
- ETH Open Interest Reaches Record High Amid Price Surge, But Demand for Leveraged Positions Remains Weak2025-08-12 20:18:07
- SEC’s Project Crypto Aims to Modernize Regulations Amid Coordination with CFTC and Legislative Developments2025-08-12 19:51:46
- Ryan Horn Joins Hilbert Group to Advise on Syntetika Amid Growing Interest in Tokenized Assets2025-08-12 19:47:37
- Ethereum Approaches New All-Time High as Institutional Interest Grows and Use Cases Expand2025-08-12 19:47:21