Bitcoin Whales Accumulate Over $6 Billion Worth of BTC in Three Weeks, Says Analyst
A prominent crypto analyst reveals that Bitcoin whales, or large investors, have purchased billions of dollars worth of Bitcoin in just three weeks. According to the analyst, these deep-pocketed investors have acquired 140,000 BTC, equivalent to $6.16 billion, since the last week of January. This surge in whale activity coincides with a bullish signal from Bitcoin’s Super Trend indicator, which has historically been accurate in predicting bull runs for the cryptocurrency.
Bullish Signals for Bitcoin and Meme Coin Pepe
The Super Trend indicator flashing a buy signal on Bitcoin’s monthly chart is seen as a positive sign by the analyst. This tool has proven its accuracy in forecasting BTC bull markets in the past, leading to significant gains. As for meme coin Pepe (PEPE), the analyst suggests that its three-day chart is forming a bullish inverse head-and-shoulders pattern. Additionally, the Tom Demark sequential indicator is also indicating a bullish trend reversal for PEPE.
Current Prices
At the time of writing, Bitcoin is trading at $48,157 with a slight increase over the past 24 hours. Meanwhile, PEPE is priced at $0.000001.
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