BTC prices have rebounded to reclaim $71,000 in late trading on March 25.
Bitcoin’s pre-halving retrace may already be over following one of the largest accumulation days in years, which saw Bitcoin reclaiming the $71,000 price level.
On March 25, blockchain analytics firm Santiment reported that Bitcoin just “caught traders off guard” with a rebound as “key stakeholders” had a huge accumulation day over the weekend.
Wallets, which it terms ‘sharks’ and ‘whales’ holding between 10 and 10,000 coins, accumulated 51,959 BTC on March 24 worth around $3.4 billion at the time, the firm revealed. It added that this equates to 0.263% of the entire currently available supply being accumulated in one day.
