On-Chain Data Shows Whale Bitcoin Accumulation Amid Market Correction
Large Bitcoin whales have increased their BTC balances during the latest market pullback, according to on-chain data shared today by analysts at CryptoQuant and Glassnode. The
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain
Large Bitcoin whales have increased their BTC balances during the latest market pullback, according to on-chain data shared today by analysts at CryptoQuant and Glassnode. The
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Samson Mow, CEO of JAN3 and a Bitcoin maximalist, stated that coin transfers on-chain do not necessarily represent sales. Mow criticized analysts and retail investors who
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