Abramchart: Over 38,000 BTC coins flow into hoarding addresses; $70,000 is the key decision-making price point
2026-08-06 17:32:46
According to CoinMeta, analyst Abramchart stated that over 38,000 BTC were transferred to hoarding addresses. The average cost of these wallets is approximately $70,000, while the trading price of BTC is close to $64,000. These whales may be accumulating for the next round of price increases, or they could buy in to lower the average entry price, with the aim of exiting when the price of BTC returns to the $70,000 range.
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