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
- SharpLink Gaming’s $400M Raise Signals Growing Institutional Confidence in Ethereum’s Future Potential2025-08-12 22:13:02
- Pantera Capital’s Accurate Bitcoin Price Prediction Highlights Halving Cycle Impact and Institutional Adoption Trends2025-08-12 22:07:17
- MAGACOIN FINANCE Emerges as a Potential Breakout Amidst Explosive Meme Coin Gains2025-08-12 22:02:56
- GRAYSCALE CARDANO TRUST ETF REGISTERED IN DELAWARE2025-08-12 21:56:16
- BESSENT: WILL NEED TO SEE MONTHS, IF NOT A YEAR, OF PROGRESS ON FENTANYL FLOWS BEFORE CHINESE TARIFFS COME DOWN:FOX BUSINESS2025-08-12 21:42:48