Bitman on Nostr: After the largest sell-off of 2024, whales resume accumulating #Bitcoin On December ...
After the largest sell-off of 2024, whales resume accumulating #Bitcoin
On December 21, approximately 79,000 BTC were sold within a week by institutional investors, marking a local peak that triggered a 15% correction.
However, major players took advantage of the consolidation phase to implement TWAP strategies, gradually accumulating just below $95K.
Over the past 30 days, more than 34,000 BTC have been acquired by institutional investors, creating significant buying pressure for Bitcoin.
Despite some periods of portfolio rebalancing by institutions, the overall trend of on-chain accumulation has remained strong since June 2023.
On December 21, approximately 79,000 BTC were sold within a week by institutional investors, marking a local peak that triggered a 15% correction.
However, major players took advantage of the consolidation phase to implement TWAP strategies, gradually accumulating just below $95K.
Over the past 30 days, more than 34,000 BTC have been acquired by institutional investors, creating significant buying pressure for Bitcoin.
Despite some periods of portfolio rebalancing by institutions, the overall trend of on-chain accumulation has remained strong since June 2023.