Crypto Price Prediction: The cryptocurrency market has witnessed a fresh relief rally since last week following the completion of Bitcoin Halving. The renewed demand pressure signaled a local bottom formation for BTC at $60000, propelling its price to $67000.
Moreover, Santiment reports that Bitcoin whales holding 1,000 to 10,000 BTC have bolstered their positions, accumulating an additional 266,000 BTC since early 2024. This uptick constitutes a significant 1.24% of the total Bitcoin supply. Amidst an emerging sentiment of FOMO within the crypto community, these whales now control 25.16% of all circulating Bitcoin, strengthening the potential of higher rally.
#Bitcoin’s key whale tier holding 1K-10K $BTC are supporting this rise, and have now accumulated 266K more $BTC since the start of 2024. This translates to an accumulation of 1.24% of the entire supply. The crowd is also showing a high degree of #FOMO. https://t.co/fNSTOERzXo pic.twitter.com/qaJmQJfFca
— Santiment (@santimen
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