{"id":420384,"date":"2020-04-09T23:00:58","date_gmt":"2020-04-09T23:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=420384"},"modified":"2024-06-11T08:09:13","modified_gmt":"2024-06-11T08:09:13","slug":"large-players-are-in-full-bitcoin-accumulation-mode-as-on-chain-activity-grows","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/large-players-are-in-full-bitcoin-accumulation-mode-as-on-chain-activity-grows\/","title":{"rendered":"Large Players are in Full Bitcoin Accumulation Mode as On-Chain Activity Grows"},"content":{"rendered":"
Bitcoin has seen some notable fundamental growth throughout the past week \u2013 according to on-chain data \u2013 which appears to have come about in tandem with the benchmark cryptocurrency\u2019s climb into the $7,000 region.<\/p>\n
Large players within the nascent crypto market \u2013 commonly referred to as whales \u2013 have also been fueling this fundamental growth, appearing to engage in heavy accumulation in the time following the cryptocurrency\u2019s intense crash seen in mid-March.<\/p>\n