Wallets with 10-10k BTC have accumulated a whopping $1.17 billion in the past month alone.
Bitcoin has surged past the $28,400 mark for the first time since mid-August, sparking investor optimism that “Uptober” has arrived. Data indicates that BTC wallets have accumulated billions of dollars in the last month, potentially driving prices even higher.
The crypto analytic platform also suggested that Bitcoin’s return to a $30,000 market value appears increasingly plausible. “Uptober” refers to the historical trend of October typically being a favorable month for the price performance of Bitcoin and other digital assets. Based on CoinGlassThe arrival of this trend was validated by Bitcoin’s abrupt jump north of $28,400 pushing weekly gains to almost 10%. The price action resulted in the, experts suggest that the rally is expected to persist throughout October, a historically favorable month for cryptocurrency markets.
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