{"id":492268,"date":"2022-06-06T19:00:37","date_gmt":"2022-06-06T19:00:37","guid":{"rendered":"https:\/\/wncen.com\/?p=492268"},"modified":"2024-06-11T13:03:40","modified_gmt":"2024-06-11T13:03:40","slug":"bitcoin-bullish-signal-1k-10k-btc-holders-buying","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bullish-signal-1k-10k-btc-holders-buying\/","title":{"rendered":"Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently"},"content":{"rendered":"<p>On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto&#8217;s price.<\/p>\n<h2>Bitcoin Reserves Of 1k-10k BTC Holders Have Observed Growth Recently<\/h2>\n<p>As explained by an analyst in a CryptoQuant <a href=\"https:\/\/cryptoquant.com\/quicktake\/629ca180c38d7c210954c239\" rel=\"nofollow\">post<\/a>, the whales holding between 1k to 10k BTC have shown smart-money behavior in the past as they usually buy near bottoms and sell near tops.<\/p>\n<p>The relevant metric here is the total amount of coins currently being held by the different holder groups in the Bitcoin market.<\/p>\n<p>The criteria for grouping the investors here is based on how many coins they are holding in their wallets. For example, the 100 to 1k BTC cohort includes all holders that have a wallet amount lying in this range.<\/p>\n<p>Now, below is a chart that shows the trends in the <a href=\"https:\/\/wncen.com\/news\/bitcoin\/what-sell-pressure-bitcoin-exchange-reserves-hit-4-year-low\/\">reserves<\/a> of the 100 to 1k BTC and 1k to 10k BTC investor groups over the past year:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone aligncenter\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/3834\/quicktake\/aWP0f_d04ce72ebf53ddb1fa5b64bc8ecadbeb130710a94da1c74f7a1bce83ce8b03c3.png?resize=1280%2C588&#038;ssl=1\" alt=\"Bitcoin Reserve Of Whales\" width=\"1280\" height=\"588\"><\/p>\n<pre style=\"text-align: center\">It seems like the reserve of the 100 to 1k BTC holders has gone down recently | Source: <a href=\"https:\/\/cryptoquant.com\/quicktake\/629ca180c38d7c210954c239\" rel=\"nofollow\">CryptoQuant<\/a><\/pre>\n<p>As you can see in this graph, the Bitcoin reserve of the 1k to 10k BTC whales has been showing some interesting movement.<\/p>\n<p>It looks like this holder group&#8217;s reserve has usually started to fall off as the price of the coin has neared any local top.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-nul-more-downside-come-before-bottom\/\">Bitcoin NUL Suggests More Downside To Come Before The Bottom<\/a><\/strong><\/em><\/p>\n<p>Also, likewise this cohort has timed their buys around bottom formations. This means that these investors have been acting like smart money in this last year and a half.<\/p>\n<p>Most recently, the reserve of this investor group has observed a sharp increase in the last few weeks, suggesting that they have been buying. If historical trend is anything to go by, such a sign could be <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-forms-bullish-pattern-31k\/\">bullish<\/a> for the crypto&#8217;s price.<\/p>\n<p>The 100 to 1k BTC holders, however, have shown contrasting behavior when compared with these smart-money investors.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/can-bitcoin-become-one-of-the-best-assets-on-earth-this-expert-bets-on-it\/\">Can Bitcoin Become \u201cOne Of The Best Assets On Earth\u201d? This Expert Bets On It<\/a><\/em><\/strong><\/p>\n<p>These holders have usually bought as the price has gone up and sold during declines. Recently as well their reserve has gone down, suggesting they have been selling while the 1k to 10k BTC whales have bought.<\/p>\n<p>However, there could also be another way to look at this. The reserve of the 100 to 1k BTC group going down may be due in part to some of the holders buying enough to go over 1k BTC, making them a part of the 1k to 10k BTC cohort instead now.<\/p>\n<h2>BTC Price<\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/news\/bitcoin-records-1st-weekly-green-candle-in-3-months-a-start-of-a-bull-run\/\">Bitcoin&#8217;s price<\/a> floats around $31.3k, up 2% in the past week.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-492269 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/chart-4.png?resize=460%2C240\" alt=\"Bitcoin Price Chart\" width=\"460\" height=\"240\"><\/p>\n<pre style=\"text-align: center\">Looks like the price of the crypto has shot up over the past 24 hours | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">BTCUSD on TradingView<\/a><\/pre>\n<pre>Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto&#8217;s price. Bitcoin Reserves Of 1k-10k BTC Holders Have Observed Growth Recently As explained by an analyst in a CryptoQuant post, the whales holding between 1k to 10k BTC have shown smart-money behavior in the past as they usually buy near bottoms and sell near tops. The relevant metric here is the total amount of coins currently being held by the different holder groups in the Bitcoin market. The criteria for grouping the investors here is based on how many coins they are holding in their wallets. For example, the 100 to 1k BTC cohort includes all holders that have a wallet amount lying in this range. Now, below is a chart that shows the trends in the reserves of the 100 to 1k BTC and 1k to 10k BTC investor groups over the past year: It seems like the reserve of the 100 to 1k BTC holders has gone down recently | Source: CryptoQuant As you can see in this graph, the Bitcoin reserve of the 1k to 10k BTC whales has been showing some interesting movement. It looks like this holder group&#8217;s reserve has usually started to fall off as the price of the coin has neared any local top. Related Reading |\u00a0Bitcoin NUL Suggests More Downside To Come Before The Bottom Also, likewise this cohort has timed their buys around bottom formations. This means that these investors have been acting like smart money in this last year and a half. Most recently, the reserve of this investor group has observed a sharp increase in the last few weeks, suggesting that they have been buying. If historical trend is anything to go by, such a sign could be bullish for the crypto&#8217;s price. The 100 to 1k BTC holders, however, have shown contrasting behavior when compared with these smart-money investors. Related Reading |\u00a0Can Bitcoin Become \u201cOne Of The Best Assets On Earth\u201d? This Expert Bets On It These holders have usually bought as the price has gone up and sold during declines. Recently as well their reserve has gone down, suggesting they have been selling while the 1k to 10k BTC whales have bought. However, there could also be another way to look at this. The reserve of the 100 to 1k BTC group going down may be due in part to some of the holders buying enough to go over 1k BTC, making them a part of the 1k to 10k BTC cohort instead now. BTC Price At the time of writing, Bitcoin&#8217;s price floats around $31.3k, up 2% in the past week. Looks like the price of the crypto has shot up over the past 24 hours | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":492270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,85693,1119,1144],"class_list":["post-492268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bullish-signal","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently<\/title>\n<meta name=\"description\" content=\"On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto&#039;s\" \/>\n<meta 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently","description":"On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto's","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-bullish-signal-1k-10k-btc-holders-buying\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. 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