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The post Massive Bitcoin Whales Accumulate BTC Like Never Before, Why This Will Push Solana and DTX Exchange Higher appeared first on Coinpedia Fintech News
While it is currently showing a slight bearish trend, the price of Bitcoin rose to $57k in the last 48 hours, fueled by the whales’ accumulation of 30k BTC. This considerable increase in the Bitcoin price has impacted other cryptocurrencies and has taken other altcoins such as Solana and DTX Exchange.
DTX Exchange, particularly, is receiving substantial market interest with its ongoing presale. Swim right in to find out more!
Bitcoin (BTC) Price Surges As Whales Fuel Crypto Market Surge
Large Bitcoin investors are buying bitcoins like they have never before, thus creating new enthusiasm in the market. The Bitcoin price has risen by 2 percent in the last 48 hours, hitting $57,267, and the total market capitalisation of crypto markets has risen to $2. 1 trillion.
This significant movement corresponds to movements in global stock markets and the beginning of the US treasury’s $50 billion buyback operations. The Bitcoin price is rebounding, even though market sentiment is at an all-time low; however, this does not discourage long-term holders.
Analysing on-chain data, it can be concluded that whales have bought more than 30,000 BTC, equivalent to $1.62 billion. This decreases the amount of Bitcoin available on exchanges. The Bitcoin price action coupled with this accumulation is bullish, so it may propel other cryptocurrencies such as Solana and DTX Exchange.
Bitcoin Whales Drive Solana’s (SOL) Surge
Any action of a whale in Bitcoin will propel Solana up, as the purchase of other altcoins, such as Solana, usually follows recent massive BTC purchases that depict strong market sentiment. Later, Binance Labs invested in the retaking network of Solana known as Solayer, which led to a 0.69% as market optimism continued increasing.
The fact that Solana has doubled from $109 to $147 is enough evidence to prove that the token is very stable and investors trust it a lot. The overall value locked (TVL) has increased from $3. 8 billion to $4.81 billion, which also supports this bullish trend, which means higher demand and a positive outlook for the Solana price.
At the moment, Solana’s price is high, above the 200-day EMA and SMA, and will keep soaring. As the Bitcoin crypto whales keep on accumulating, the market dynamics are enhanced, a factor that may favour Solana and, by extension, DTX Exchange, another altcoin that has been receiving attention.
DTX Exchange (DTX) Presale Momentum Surges Amid Bitcoin Whale Activities
Similar to what was observed with Solana, Bitcoin’s crypto whale accumulation has significantly impacted DTX Exchange (DTX). The token is already on the rise in the crypto market and has attracted investors’ attention, thus increasing the presale rate with more than $500K in tokens sold.
DTX Exchange attracted the market’s attention with its private seed round, which raised $2 million. It is currently in presale and gaining more attention because of its relatively low price and the advantages of having DTX tokens.
Currently selling for $0.4 each, gurus believe the token might surge as high as 1000x within the first week of its release, offering investors an opportunity to make big profits with little money down.
Another feature of the DTX platform is the referral program, which allows up to $1000 bonuses for both the referrer and the referee, which are deposited into the wallets.
With a few days until the next presale stage, intelligent investors understand this is the right time to invest and make the most money. Hurry up and take your chance to become the DTX presale holder.
Key Takeaways
Bitcoin whales push the crypto market up, boosting Solana and DTX Exchange. Solana’s price rises by 2%, and the DTX Exchange presale attracts massive interest and profitable investments in the cryptocurrency market.
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