🧵 1. Deep-pocketed Bitcoin investors have bought $5.76 billion worth of BTC in six weeks, amidst a market correction, says analytics firm Santiment. #crypto
🧵 1. Deep-pocketed Bitcoin investors have bought $5.76 billion worth of BTC in six weeks, amidst a market correction, says analytics firm Santiment. #crypto
🧵 2. Santiment and Glassnode highlight continued accumulation of Bitcoin by investors, signaling confidence in the cryptocurrency during market uncertainty.
🧵 3. Glassnode's Accumulation Trend Score for Bitcoin indicates a shift back to accumulation, with significant investor interest over the past month.
🧵 4. The Bitcoin bull-bear market cycle indicator has shifted back to bullish sentiment, suggesting a positive market outlook for the cryptocurrency.
🧵 5. Bitcoin is currently trading at $60,516, up over 4% for the day, as investors show increased interest in the digital asset during market fluctuations.
🧵 Read more at: https://dailyhodl.com/2024/08/20/bitcoin-whales-gobble-up-over-5760000000-in-btc-in-just-six-weeks-amid-crypto-market-correction-santiment/