A major player in the cryptocurrency market has just withdraw 1,000 BTC ($ 8.4 million) from Bitstamp to an External wallet. Is this a sign that Bitcoin is accumulating?
I was wondering if this is a coincidence or not since its has been observed and reported that there is a trend of increasing Bitcoin addresses that holds 1K BTC or more. While some are suggesting whales are accumulating, I personally believe big investors and institutions have joined the bandwagon which could be an indication of a bullish sentiment in crypto.
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A rise on Bitcoin addresses that holds 1k BTC or more is a bullish sign!