The world’s largest cryptocurrency Bitcoin (BTC) continues to trade under $26,000 as it enters a phase of strong consolidation. However, on-chain data shows that Bitcoin (BTC) whales continue to accumulate at every dip.
As per the report from Santiment, Bitcoin whales have accumulated close to 60,000 BTC amid the recent price correction of 10% over the past few weeks. The report notes:
“As #altcoin madness has ensued, there quietly is a #bullish divergence between #Bitcoin‘s accumulating whales and falling price. With whale holdings moving up by ~1K $BTC per day while prices fall, there is reason to believe a strong rebound can occur.”
On the other hand, the Bitcoin market dominance has also moved closer to 50%. This happens amid the recent crash in the altcoin …