Bitcoin Levels Seen More Attractive to Whales

Dow Jones
08/05

1011 ET - Bitcoin has been rangebound in recent weeks, which has been an opportunity for big buyers -- otherwise known as "whales." These whales are seen as accumulating bitcoin at these price levels, says analysts with CryptoQuant in a note. "Bitcoin whale holdings (excluding exchanges and mining pools) have risen through 2026 to roughly 3.06M BTC, with whales adding aggressively as price dipped below $60K in June," says the firm. CoinMarketCap reports that the Crypto Fear and Greed index remains below the threshold between "fear" and "neutral", at a score of 38 out of 100. Bitcoin is down 0.5% to $64,012.

 

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