The post On-Chain Data Shows Increased Wrapped Bitcoin (WBTC) Accumulation Among Whales appeared first on Coinpedia Fintech News
According to on-chain analytics firm Santiment, Wrapped Bitcoin (WBTC) has seen more large transactions than ever since March.
Santiment noted in a tweet that WBTC whale transfers above $1 million are spiking to their highest rate since March. WBTC also saw its most significant network growth since July and a jump in new wallets holding 1-1,000 WBTC.
#WrappedBitcoin is seeing its highest rate of $1M+ whale transactions since March, highest network growth since July, and a notable spike in 1-1K $WBTC wallets created. Similar increases were seen just prior to both the March and June #crypto rallies. https://t.co/wjiwLWNXki pic.twitter.com/dU4nTQ1oN4
— Santiment (@santimentfeed) October 5, 2023
The firm said similar on-chain shifts preceded rallies in March and June this year. The data suggests heightened whale accumulation and interest in the Bitcoin proxy
We współpracy z: https://coinpedia.org/altcoin/on-chain-data-shows-increased-wrapped-bitcoin-wbtc-accumulation-among-whales/
