Bitcoin Wallets Holding 100+ BTC Hits 17-Month High
- 王林Original
- 2024-09-04 03:02:091160browse
In crypto, it pays to watch whales. The ability to see everything on-chain remains one of the most glaring and obvious upsides regular investors have.
Bitcoin (BTC) wallets holding 100 BTC or more have hit a 17-month high after an incredible visible accumulation wave over the past month. As smaller holders panic and sell their BTC, wealthy investors are scooping the dip.
In the words of investing legend Warren Buffett, “The stock market is a device for transferring money from the impatient to the patient.” This couldn’t be truer among Bitcoin holders right now.
Some watch low time frame charts and fret about losing certain price levels, while the whales observe macro conditions and know that rate cuts are coming. It's a liquidity game — whales expect fireworks, but retailers get scared.
Bitcoin Dogs has become increasingly talked about as BTC's best beta trade, and with whales heavily accumulating BTC, it's only a matter of time before the ecosystem goes on a tear. Will you follow the whales or ansty retail investors?
Bitcoin wallets holding 100+ BTC hit 17-month highIn crypto, it pays to follow the whales. The ability to see everything on-chain is one of the most glaring and obvious upsides that regular investors have. In TradFi, everything is obfuscated, and no one knows who owns what or how anybody is positioned, but in crypto, all of this information is available to anyone who can use a blockchain explorer.
Bitcoin whales have been gobbling up the supply, with an additional 283 wallets crossing the 100+ BTC holdings threshold in the last month. Sharks (wallets that hold a minimum of 10 BTC) have also been buying, with these groups collectively scooping more than 133,000 BTC off the market in the past month.
Historically, when whales have accumulated, it has always preceded a new all-time high for Bitcoin, and analysts are predicting the same scenario this time around. As a result, smaller traders are feeling the pinch and may be concerned about their entries with the recent BTC price action. However, the whales are sticking to the plan over a higher time frame, which is why they consistently outperform regular investors. If the whales are buying now, you should also be positioned risk-on.
Bitcoin Dogs: BTC’s leading ecosystem playAfter being listed as the best BTC beta trade, Bitcoin Dogs has caught the attention of multiple investors, and the order books for the first ICO on the Bitcoin network are steadily attracting more prominent players. 0DOG is also privileged as BTC’s leading meme coin and a part of on-chain history.
Following a string of impressive listings on centralized exchanges like MEXC and Gate.io, the market accessibility of 0DOG has skyrocketed. However, analysts are more focused on the UniSat Exchange listing, which is where Bitcoin whales buy BRC-20 tokens. And these whales have a booming appetite for 0DOG.
Investors rarely get a chance to be a part of history this late in the adoption curve. Still, with Bitcoin Dogs being the first Bitcoin native ICO, anybody who missed the early gold rush with BTC in 2013 and 2017 has another chance to join a movement early. With an Ordinals collection launching later this year and a play-to-earn Telegram game close to completion slated to launch in Q4, Bitcoin Dogs is pushing what is possible within the BTC DeFi ecosystem.
Whales are buying BTC as retail is selling. Reading between the lines here means BTC will pump to new all-time highs in the coming months. When BTC pumps 0DOG performs well due to the soft peg between these assets. And when BTC trades above $100,000 there is no telling how high 0DOG could climb.
0DOG is a must-have crypto for anyone bullish on Bitcoin this cycle and is gearing up for an explosive move. Investors are forgetting how momentum-driven crypto markets are, and months of price action could occur in a single week. When this happens, you do not want to be under-exposed, and holding 0DOG is the best way to multiply your returns when BTC finally starts rallying.
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