{"id":12652,"date":"2022-06-10T02:04:47","date_gmt":"2022-06-10T02:04:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-btc-worth-buying-after-over-1-5b-worth-of-btc-left-exchanges\/"},"modified":"2022-06-10T02:04:47","modified_gmt":"2022-06-10T02:04:47","slug":"is-btc-worth-buying-after-over-1-5b-worth-of-btc-left-exchanges","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-btc-worth-buying-after-over-1-5b-worth-of-btc-left-exchanges\/","title":{"rendered":"Is BTC worth buying after over 1.5B worth of BTC left exchanges?"},"content":{"rendered":"<p><b>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange )<\/b><br \/>\n<\/p>\n<div>\n<ul>\n<li>\n<p dir=\"ltr\">Bitcoin is carrying on to trade narrowly after a nine-week extended sell-off period.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Over $1.5 billion worth of Bitcoin has left exchanges as whales are accumulating it.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">50,000 BTC coins have been withdrawn from cryptocurrency exchanges at around the $30,000 price.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Bitcoin (BTC) is one of the largest cryptocurrencies in terms of market capitalization, and even though it has recently had a bearish outlook, there have been ups and downs surrounding the coin\u2019s overall value.<\/p>\n<p dir=\"ltr\">Being one of the oldest cryptocurrencies within the crypto sphere, it has cemented itself as the go-to cryptocurrency in the eyes and minds of many investors.\u00a0<\/p>\n<p dir=\"ltr\">However, this has not stopped many whales from accumulating the coin, and this could spell good news for the future of BTC.<\/p>\n<h2>The whale accumulation as a catalyst for growth<\/h2>\n<p dir=\"ltr\">According to data from Santiment, over 50,000 Bitcoin (BTC) have been withdrawn from cryptocurrency exchanges throughout the previous weeks, as the price of the coin has been hovering around the $30,000 price point.\u00a0<\/p>\n<p dir=\"ltr\">Percentage-wise,\u00a0<a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1534570078506610688\" rel=\"noopener noreferrer\" target=\"_blank\"><u>the Bitcoin supply that is sitting on exchanges is down 9.9%<\/u><\/a>, and the exchange supply has not been this low in 3.5 years.\u00a0<\/p>\n<p dir=\"ltr\">Mega whale addresses have been accumulating along this area at a rate that is unprecedented.\u00a0<\/p>\n<p dir=\"ltr\">Specifically, these whales gained their highest supply of BTC in a year, which gives us a promising outlook for the future of BTC.<\/p>\n<p dir=\"ltr\">Bitcoin HODLers also appear to be growing their BTC portfolios, as the wallet growth for investors holding under 100 BTC is growing significantly.\u00a0<\/p>\n<h2>Should you buy Bitcoin (BTC)?<\/h2>\n<p dir=\"ltr\">On June 9, 2022, Bitcoin (BTC) had a value of $30,416.07.<\/p>\n<p dir=\"ltr\"><\/p>\n<p dir=\"ltr\">In order for us to see what this value point indicates for the value as well as the overall future of the BTC crypto, we will be going over its all-time high point in terms of value and then look at its performance in May.<\/p>\n<p dir=\"ltr\">The all-time high of the Bitcoin (BTC) cryptocurrency was on November 10, 2021, when the coin reached a value of $69,044.77.<\/p>\n<p dir=\"ltr\">When we take a look at its performance throughout the previous month, Bitcoin (BTC) had its highest point of value on May 4 at $39,820.49. Its lowest point of value, however, was on May 12 at $26,759.85.<\/p>\n<p dir=\"ltr\">Here we can see that the cryptocurrency decreased in value by $13,060.64 or by 32%.<\/p>\n<p dir=\"ltr\">With all of this in mind, it is clear that there is a lot of confidence that the coin can eventually increase in value due to the vast accumulation of crypto by whales and HODLers.<\/p>\n<p dir=\"ltr\">However, based on its historical data, we can expect Bitcoin (BTC) to reach $32,000 by the end of June 2022 specifically.\u00a0<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/www.bestbitcoinexchange.io\/news\/is-btc-worth-buying-after-over-1-5b-worth-of-btc-left-exchanges\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange ) Bitcoin is carrying on to trade narrowly after a nine-week extended sell-off period. Over $1.5 billion worth of Bitcoin has left exchanges as whales are accumulating it. 50,000 BTC coins have been withdrawn from cryptocurrency exchanges at around the $30,000 price. Bitcoin (BTC) is [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12652"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12652"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12653"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}