Bitcoin Accumulation by Large Holders Amid Market Fear
- Wallets holding between 10 and 10,000 Bitcoin added approximately 61,568 BTC over the past month, marking a 0.45% increase.
- Smaller wallets holding less than 0.01 BTC increased their holdings by around 213 Bitcoin, a rise of about 0.42%.
- The Crypto Fear & Greed Index recorded extreme fear levels with scores of 10 and then rising to just 13.
- Bitcoin exchange outflows remained steady through March, indicating a move towards cold storage.
- On March 19, two large holders moved significant amounts onto exchanges amid geopolitical tensions affecting energy markets.
Investor sentiment is at its lowest in months as major holders accumulate Bitcoin during market uncertainty and geopolitical tensions in the Middle East continue to affect global markets.
The accumulation by large holders suggests potential for future price increases despite current extreme fear levels indicated by the Crypto Fear & Greed Index scores of 10 and 13. (Source )
