Large Bitcoin Wallets Resume Accumulation as BTC Holds $71K: Santiment

[Powerjumboo]

This is the most important part of the news:

The platform reported that wallets holding between 10 and 10,000 Bitcoin have increased their share of the total supply over the past week, signaling renewed confidence among major investors.

These wallets now control about 68.17% of Bitcoin’s circulating supply, up slightly from 68.07% seven days earlier.

https://finance.yahoo.com/news/large-bitcoin-wallets-resume-accumulation-083500334.html

Bitcoin was slightly above $70000/71000 when the news came out but it has increased above $74000 not quite long ago before falling to $73000 just now.

What do you think about this news? Bullish or the bear market will later continue?

Bitcoin had created a strong zone between $70,000 and $74,000 for a few days. Seeing the Bitcoin market rise between $70,000 and $74,000, I thought the market might go up, but the market could not go up much further. The market has slowly started dumping downwards and we are now seeing it below $70,000 and reaching $67,000 today. Despite good news in the market and big investors increasing their investments, the market is not able to occupy a very good position. If this continues, I think it will go into a recession very soon.

[summonerrk]

Long-term investors continue to accumulate. But the coins they sell are now being sold at a loss.
This type of division within the strongest hands is rare. And it usually occurs when the market is approaching an important decision point.
BTC crashed to 68,100, almost perfectly testing this area before stabilizing. Short-term selling pressure is at 69,800-70,200.
The larger supply is still at 72,300-72,600.
Deeper support from buyers is forming around 67,000-67,400.
Even stronger liquidity is around 65,100-65,400.
Yesterday's liquidity cleanup took place. Now, the key question is whether BTC can return to 69,800-70,200, or lower offers may return to the game.