📊 DATA ONCHAIN: Accumulation of Bitcoin by large investors
🔸 According to data from Glassnode, whales —addresses that manage large amounts of Bitcoin— have been buying intensely over the last month.
🔸 In the last 30 days, these large entities would have accumulated around 269,822 BTC, which represents about 23.3 billion dollars at current prices.
🔸 This level of accumulation has not been seen in 13 years and is often used to understand how large market players are positioning themselves.
It is not a guarantee that the price will rise immediately, but it does give us an important hint: these are price levels that whales consider appropriate for DCA (dollar-cost averaging) in Bitcoin.#BTC $BTC
this is not financial advice, do your own research.
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