J_BIACK on Nostr: Bitcoin whales now hold a record 670,000 BTC, a strong long-term bullish sign. ...
Bitcoin whales now hold a record 670,000 BTC, a strong long-term bullish sign. Historically, when whale holdings peak like this, Bitcoin tends to move sideways or fall before any big rally begins. Real price increases usually only occur when these large holders begin to sell. Looking ahead, the market faces a critical test: Bitcoin needs to reach a new all-time high between the US presidential election and the end of November, or the bull cycle could be in trouble.
Published at
2024-10-24 20:06:01Event JSON
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"content": "Bitcoin whales now hold a record 670,000 BTC, a strong long-term bullish sign. Historically, when whale holdings peak like this, Bitcoin tends to move sideways or fall before any big rally begins. Real price increases usually only occur when these large holders begin to sell. Looking ahead, the market faces a critical test: Bitcoin needs to reach a new all-time high between the US presidential election and the end of November, or the bull cycle could be in trouble.",
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