Coinspeaker
What’s Next for Bitcoin and Altcoins as Whales Continue Massive BTC Accumulation before Halving 2024?
In a video interview on the Santiment YouTube channel, Hashoni, a crypto analyst, provided insightful perspectives on Bitcoin’s recent price rally, whale accumulation patterns, and the potential impact of the upcoming halving event.
According to Hashoni, Bitcoin’s recent surge to an all-time high of $73,000, followed by a pullback to $60,000, has sparked major interest among stakeholders, particularly large wallet holders known as “sharks” and “whales.” In the past few days, the crypto market witnessed the largest accumulation period for these large wallets in a long time, with wallets holding between 10 and 10,000 BTC collectively amassing a substantial amount of the cryptocurrency. He revealed that their overall holdings have reached 13.9 million BTC, the highest since July 2022, and their share of the total Bitcoin supply has been at its peak
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