Bitcoin News: BTC Enters Accumulation Zone as Whales Add 19,610 Coins
Key Insights:
- Bitcoin news shows a sell-side risk ratio of 0.031, in its cycle’s third percentile.
- Whale wallets added 19,610 BTC while small retail balances fell 0.55%.
- BTC trades near $63,600, but weak spot demand leaves the bottom unconfirmed.
Bitcoin moved back toward $63,600 on August 3 after briefly falling near $62,200. The rebound followed renewed attention on deep on-chain stress and expanding whale holdings. This Bitcoin news points to an accumulation phase, though analysts have not confirmed a final market bottom.
Analyst Axel Adler Jr., cited by CryptoQuant, said the Adaptive Sell-side Risk Ratio fell to 0.031. That places the metric in the third percentile of the current halving cycle.
Meanwhile, Santiment data showed that larger wallets added 19,610 BTC while small retail balances declined. The split suggests stronger holders are absorbing supply while short-term confidence stays fragile.
Bitcoin News Shows Sell-Side Risk Ratio Near Cycle Lows
This content is automatically aggregated. Full credit goes to the original publisher (thecoinrepublic.com).
