{"id":642198,"date":"2024-09-16T16:30:26","date_gmt":"2024-09-16T16:30:26","guid":{"rendered":"https:\/\/wncen.com\/?p=642198"},"modified":"2024-09-16T08:50:12","modified_gmt":"2024-09-16T08:50:12","slug":"bitcoin-accumulation-75000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-accumulation-75000\/","title":{"rendered":"Bitcoin Accumulation In Full Swing As $1.3 Billion Exits Exchanges, $75,000 Next?"},"content":{"rendered":"

Investors are once again <\/span>accumulating Bitcoin (BTC)<\/span><\/a> despite previous price declines. Reports indicate that approximately $1.3 billion worth of Bitcoin has been withdrawn from various crypto exchanges, signaling a renewed interest and confidence in the leading cryptocurrency.\u00a0<\/span><\/p>\n

Bitcoin Accumulation Frenzy Resumes<\/h2>\n

Data<\/span><\/a> from IntoTheBlock has revealed a new accumulation trend amongst Bitcoin investors. According to the financial service platform, roughly $1.29 billion worth of <\/span>BTC has exited various Centralized Exchanges (CEXs)<\/span><\/a> in the last week.\u00a0<\/span><\/p>\n

Related Reading: Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80<\/a><\/div>\n

This development signals a shift in investors’ sentiment from a <\/span>previously bearish stance<\/span><\/a>. Just this September, Bitcoin has experienced severe <\/span>price fluctuations<\/span> and volatility, raising concerns amongst investors about the cryptocurrency\u2019s future outlook. There have even been <\/span>reports of liquidation<\/span><\/a> in the market, with analysts <\/span>noting<\/span><\/a> that September is historically a bearish period for the crypto market.\u00a0<\/span><\/p>\n

With Bitcoin now seeing renewed momentum and experiencing a <\/span>price surge above the $60,000 mark<\/span><\/a>, investors’ interest in the cryptocurrency has resurged.\u00a0<\/span>Based on IntoTheBlock\u2019s report, the majority of <\/span>Bitcoin outflows<\/span><\/a>, amounting to 12,420 BTC, from crypto exchanges occurred on Tuesday, September 10. During this time, the price of the cryptocurrency had been trading below $60,000, suggesting that investors were accumulating in <\/span>anticipation of a potential price surge<\/span><\/a>.\u00a0<\/span><\/p>\n

Apparently, Bitcoin holders had begun <\/span>selling their holdings<\/span><\/a> and taking profits around Friday, September 13. ITB\u2019s data also revealed that 82% of BTC investors are currently making gains, while 13% are in loss.\u00a0 <\/span>Interestingly, this accumulation trend has extended its influence towards <\/span>Bitcoin whales<\/span><\/a>. In an X (formerly Twitter) post on September 14, popular crypto trader, Ash Crypto, <\/span>unveiled<\/span><\/a> a lofty Bitcoin transaction involving the purchase of 1,062 BTC, valued at $64 million by an anonymous whale.\u00a0<\/span><\/p>\n

With the new Bitcoin addition, the unidentified whale now holds a whopping 10,043 BTC, worth approximately $600 million, based on exchange rates at the time. This move by the whale is also an indication that the market is transitioning into a <\/span>more bullish and positive sentiment<\/span><\/a>. This trend is common after a market correction or a decline in a cryptocurrency, where prices have <\/span>reached a perceived low<\/span><\/a>.\u00a0<\/span><\/p>\n

Will BTC\u2019s Price Hit $75,000?<\/h2>\n

The recent <\/span>spike in Bitcoin accumulation <\/span><\/a>indicates that investors are now looking favorably at the cryptocurrency, possibly anticipating a <\/span>price increase in the future<\/span><\/a>. This new trend could potentially trigger a rally to new all-time highs around $75,000 if it continues.\u00a0<\/span><\/p>\n

Related Reading: \u2018Super Guppy\u2019 Indicator Shows XRP Is Ready For A Surge To $99<\/a><\/div>\n

Earlier this year, when Bitcoin accumulation was at one of its highest, the price of the cryptocurrency had surged to its current <\/span>all-time high of above $73,000<\/span><\/a>. This bullish development could reoccur as demand and interest in the cryptocurrency surges.\u00a0<\/span><\/p>\n

Although Bitcoin saw a rise above $60,000 over the past week, its price is now down by 2.37% and currently trading at $58,739, according to CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC bulls push price above $59,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Investors are once again accumulating Bitcoin (BTC) despite previous price declines. Reports indicate that approximately $1.3 billion worth of Bitcoin has been withdrawn from various crypto exchanges, signaling a renewed interest and confidence in the leading cryptocurrency.\u00a0 Bitcoin Accumulation Frenzy Resumes Data from IntoTheBlock has revealed a new accumulation trend amongst Bitcoin investors. According to the financial service platform, roughly $1.29 billion worth of BTC has exited various Centralized Exchanges (CEXs) in the last week.\u00a0 Related Reading: Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80 This development signals a shift in investors’ sentiment from a previously bearish stance. Just this September, Bitcoin has experienced severe price fluctuations and volatility, raising concerns amongst investors about the cryptocurrency\u2019s future outlook. There have even been reports of liquidation in the market, with analysts noting that September is historically a bearish period for the crypto market.\u00a0 With Bitcoin now seeing renewed momentum and experiencing a price surge above the $60,000 mark, investors’ interest in the cryptocurrency has resurged.\u00a0Based on IntoTheBlock\u2019s report, the majority of Bitcoin outflows, amounting to 12,420 BTC, from crypto exchanges occurred on Tuesday, September 10. During this time, the price of the cryptocurrency had been trading below $60,000, suggesting that investors were accumulating in anticipation of a potential price surge.\u00a0 Apparently, Bitcoin holders had begun selling their holdings and taking profits around Friday, September 13. ITB\u2019s data also revealed that 82% of BTC investors are currently making gains, while 13% are in loss.\u00a0 Interestingly, this accumulation trend has extended its influence towards Bitcoin whales. In an X (formerly Twitter) post on September 14, popular crypto trader, Ash Crypto, unveiled a lofty Bitcoin transaction involving the purchase of 1,062 BTC, valued at $64 million by an anonymous whale.\u00a0 With the new Bitcoin addition, the unidentified whale now holds a whopping 10,043 BTC, worth approximately $600 million, based on exchange rates at the time. This move by the whale is also an indication that the market is transitioning into a more bullish and positive sentiment. This trend is common after a market correction or a decline in a cryptocurrency, where prices have reached a perceived low.\u00a0 Will BTC\u2019s Price Hit $75,000? The recent spike in Bitcoin accumulation indicates that investors are now looking favorably at the cryptocurrency, possibly anticipating a price increase in the future. This new trend could potentially trigger a rally to new all-time highs around $75,000 if it continues.\u00a0 Related Reading: \u2018Super Guppy\u2019 Indicator Shows XRP Is Ready For A Surge To $99 Earlier this year, when Bitcoin accumulation was at one of its highest, the price of the cryptocurrency had surged to its current all-time high of above $73,000. This bullish development could reoccur as demand and interest in the cryptocurrency surges.\u00a0 Although Bitcoin saw a rise above $60,000 over the past week, its price is now down by 2.37% and currently trading at $58,739, according to CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,83982,656,679,1119,89185,1122,1144,78790],"class_list":["post-642198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-accumulation","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Accumulation In Full Swing As 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Accumulation In Full Swing As $1.3 Billion Exits Exchanges, $75,000 Next?","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-accumulation-75000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-accumulation-75000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_f88d1b.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_f88d1b.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin accumulation","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-09-16T16:30:26Z","datePublished":"2024-09-16T16:30:26Z","dateModified":"2024-09-16T16:30:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Accumulation In Full Swing As $1.3 Billion Exits Exchanges, $75,000 Next?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-accumulation-75000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-accumulation-75000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin_f88d1b.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin_f88d1b.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin accumulation\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-09-16T16:30:26Z\",\"datePublished\":\"2024-09-16T16:30:26Z\",\"dateModified\":\"2024-09-16T16:30:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_f88d1b.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/642198"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=642198"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/642198\/revisions"}],"predecessor-version":[{"id":642215,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/642198\/revisions\/642215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/642213"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=642198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=642198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=642198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}