Bitcoin (Crypto: BTC) has witnessed a surge, reaching its highest price in six weeks and catapulting above the $28,000 mark for the first time since Aug. 17.
What Happened: According to data provided by Santiment, an on-chain analytics platform, a significant accumulation of Bitcoin has transpired among 10,000 to 10,000 BTC wallets, totaling a substantial $1.17 billion since Sept. 1.
"A return to a $30K market value looks more and more likely unless these wallets now start dumping," Santiment said in a tweet on X.
The data further reveals that over 41,000 BTC have been amassed by ...