As Bitcoin (BTC) enters capitulation, millionaire addresses continue to accumulate in small quantities.Bitcoin (BTC) is at a make-or-break level to decide the next bull or bear market journey.
On the weekly chart, Bitcoin (BTC) is trading almost on a flat note at around $36,000. After facing rejection at $40,000 last week, Bitcoin has entered consolidation. At press time, BTC is trading at a price of $35,808 with a market cap of $670 billion.
However, there’s been a small uptick in the holdings by Bitcoin millionaires. The Bitcoin whale addresses holding between 100 to 10,000 Bitcoins have added an additional 30K Bitcoins over the last week, reports on-chain data provider Santiment.