Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP – Price breaks through obstacles – could a bullish peak follow?

2025-05-09

Taiwan warned of currency crisis – legislators penetrate Bitcoin as digital gold of the nation!

2025-05-09

Ripple CEO warns that we are falling back without the regulation of the stablecoin

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09

    Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

    2025-05-09

    Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

    2025-05-08

    Solana’s software supports these Layer-1’s

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09

    BNB Price objectives $ 650 in the midst of renewed market optimism

    2025-05-09

    Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

    2025-05-08

    Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Whales Continue to Accumulate Despite Price Drops – Why?
Bitcoin

Bitcoin Whales Continue to Accumulate Despite Price Drops – Why?

2023-12-16No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 17, 2023


  • Whales have collected more than 22,000 BTCs in the past week.
  • BTC traded around 42,400, with a slight recovery.

Bitcoin [BTC] whales have reacted with mixed feelings to the recent price swings. Despite an overall increase in whale addresses, the latest exchange flow presents a contrasting story.

Bitcoin whales continue to accumulate

According to a recent InTheBlok post, Bitcoin whales have amassed over 22,000 BTC in the past week. The increased accumulation occurred despite the recent decline in the price of BTC.

However, closer analysis of whale accumulation showed a more nuanced picture. An analysis of the distribution of BTC supply on Santiment showed fluctuations in addresses holding 1-10,000 BTC.

The change suggested sell-offs at these addresses at certain points during the week.

Distribution of Bitcoin Offerings

Source: Santiment

On December 14, the chart showed about 1,932 addresses, but at the time of writing that number had dropped to about 1,928.

Despite this slight decrease, the total supply at these addresses has increased. At the same time as the month before, approximately 1,896 addresses were registered.

Despite the accumulation, more and more Bitcoin is coming onto the stock exchange

Based on an analysis of CryptoQuant’s Bitcoin exchange flow, there has been an increase in inflows recently.

The chart showed consistently positive exchange rate flows since December 5, with the exception of December 14. This positive flow indicates increased movement of BTC across exchanges, indicating increased selling activity.

This is consistent with the observed fluctuations in accumulation patterns within whale addresses.

Bitcoin Exchange Netflow

Source: CryptoQuant

The increased inflows have contributed to the lack of impact on price developments, despite continued accumulation. At the time of writing this, the net exchange flow was approximately 805 BTC.

See also  Bitcoin Accumulation in Full Swing as $1.3 Billion Leaves the Exchange, Next $75,000?

BTC sees a slight recovery

Analysis of Bitcoin’s daily timeframe chart showed that there had been a more significant decline in value compared to gains over the past week.

On December 15, the chart showed a decline of over 2.5%, with BTC trading around $41,450.

However, there has been a recent recovery attempt and at the time of writing it was trading around $42,240, reflecting a modest increase of less than 1%.

BTC/USD price trend

Source: TradingView

Despite a bearish reversal in the Moving Average Convergence Divergence (MACD), overall sentiment remained bullish.


Read Bitcoin (BTC) Price Prediction 2023-24


The Relative Strength Index (RSI) was slightly below 60, indicating a decline in the bull trend, but the overall trend remains bullish.

The accumulation of whales may be part of a long-term strategy, indicating anticipation of an imminent price increase.



Source link

Accumulate Bitcoin continue Drops Price Whales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP – Price breaks through obstacles – could a bullish peak follow?

2025-05-09

Taiwan warned of currency crisis – legislators penetrate Bitcoin as digital gold of the nation!

2025-05-09

Bitcoin again crosses $ 100k and the market asks- is the rally real this time?

2025-05-09

Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Amplifying the power of NFT marketing through social media

2023-06-09

Bitcoin’s two-block chain split coincides with a temporary halt in block production

2023-05-09

Puma plots NFT sneaker drop with NBA’s LaMelo Ball, Gutter Cat Gang

2023-06-07
Editors Picks

Tensor Marketplace offers unique investor tools

2024-10-10

From hype to sustainable commitment

2024-02-15

Everything you need to know about RTFKT

2023-05-17

Controversial artist Damien Hirst accused of backdating 1,000 paintings in NFT project

2024-05-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP – Price breaks through obstacles – could a bullish peak follow?

Taiwan warned of currency crisis – legislators penetrate Bitcoin as digital gold of the nation!

Ripple CEO warns that we are falling back without the regulation of the stablecoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,600.164.46%
  • ethereumEthereum(ETH)$2,381.2221.10%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.398.16%
  • binancecoinBNB(BNB)$642.544.44%
  • solanaSolana(SOL)$172.8611.68%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.20909913.71%
  • cardanoCardano(ADA)$0.8010.73%
  • tronTRON(TRX)$0.2640575.53%
  • suiSui(SUI)$4.026.04%
  • chainlinkChainlink(LINK)$16.319.82%
  • avalanche-2Avalanche(AVAX)$23.5913.71%
  • stellarStellar(XLM)$0.30233810.62%
  • shiba-inuShiba Inu(SHIB)$0.00001513.61%
  • hedera-hashgraphHedera(HBAR)$0.2030148.88%
  • hyperliquidHyperliquid(HYPE)$25.2817.41%
  • bitcoin-cashBitcoin Cash(BCH)$416.47-0.55%
  • the-open-networkToncoin(TON)$3.316.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-0.34%
  • litecoinLitecoin(LTC)$99.708.39%
  • polkadotPolkadot(DOT)$4.7312.10%
  • moneroMonero(XMR)$304.004.29%
  • pepePepe(PEPE)$0.00001337.80%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.7520.42%
  • bitget-tokenBitget Token(BGB)$4.503.83%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.4322.99%
  • bittensorBittensor(TAO)$441.2310.30%
  • nearNEAR Protocol(NEAR)$2.9417.40%
  • aptosAptos(APT)$5.7012.46%
  • ondo-financeOndo(ONDO)$1.0412.29%
  • okbOKB(OKB)$54.104.43%
  • aaveAave(AAVE)$212.2713.55%
  • ethereum-classicEthereum Classic(ETC)$19.3311.96%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.6419.72%
  • internet-computerInternet Computer(ICP)$5.3911.05%
  • crypto-com-chainCronos(CRO)$0.1028078.41%
  • kaspaKaspa(KAS)$0.1040819.86%
  • gatechain-tokenGateToken(GT)$22.123.20%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25820912.52%
  • mantleMantle(MNT)$0.786.73%
  • render-tokenRender(RENDER)$5.0311.29%
  • vechainVeChain(VET)$0.02997913.26%
  • ethenaEthena(ENA)$0.39300429.71%
  • usd1World Liberty Financial USD(USD1)$1.000.20%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8719.26%
  • algorandAlgorand(ALGO)$0.23725613.14%
  • filecoinFilecoin(FIL)$3.0510.74%
  • bitcoinBitcoin(BTC)$103,600.164.46%
  • ethereumEthereum(ETH)$2,381.2221.10%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.398.16%
  • binancecoinBNB(BNB)$642.544.44%
  • solanaSolana(SOL)$172.8611.68%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.20909913.71%
  • cardanoCardano(ADA)$0.8010.73%
  • tronTRON(TRX)$0.2640575.53%
  • suiSui(SUI)$4.026.04%
  • chainlinkChainlink(LINK)$16.319.82%
  • avalanche-2Avalanche(AVAX)$23.5913.71%
  • stellarStellar(XLM)$0.30233810.62%
  • shiba-inuShiba Inu(SHIB)$0.00001513.61%
  • hedera-hashgraphHedera(HBAR)$0.2030148.88%
  • hyperliquidHyperliquid(HYPE)$25.2817.41%
  • bitcoin-cashBitcoin Cash(BCH)$416.47-0.55%
  • the-open-networkToncoin(TON)$3.316.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-0.34%
  • litecoinLitecoin(LTC)$99.708.39%
  • polkadotPolkadot(DOT)$4.7312.10%
  • moneroMonero(XMR)$304.004.29%
  • pepePepe(PEPE)$0.00001337.80%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.7520.42%
  • bitget-tokenBitget Token(BGB)$4.503.83%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.4322.99%
  • bittensorBittensor(TAO)$441.2310.30%
  • nearNEAR Protocol(NEAR)$2.9417.40%
  • aptosAptos(APT)$5.7012.46%
  • ondo-financeOndo(ONDO)$1.0412.29%
  • okbOKB(OKB)$54.104.43%
  • aaveAave(AAVE)$212.2713.55%
  • ethereum-classicEthereum Classic(ETC)$19.3311.96%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.6419.72%
  • internet-computerInternet Computer(ICP)$5.3911.05%
  • crypto-com-chainCronos(CRO)$0.1028078.41%
  • kaspaKaspa(KAS)$0.1040819.86%
  • gatechain-tokenGateToken(GT)$22.123.20%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25820912.52%
  • mantleMantle(MNT)$0.786.73%
  • render-tokenRender(RENDER)$5.0311.29%
  • vechainVeChain(VET)$0.02997913.26%
  • ethenaEthena(ENA)$0.39300429.71%
  • usd1World Liberty Financial USD(USD1)$1.000.20%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8719.26%
  • algorandAlgorand(ALGO)$0.23725613.14%
  • filecoinFilecoin(FIL)$3.0510.74%