Whale re-accumulation pushes bitcoin (BTC) above $51,000

As on-chain data provider Santiment explains: Beginning during the dump to $43,500, addresses holding 100 to 10,000 BTC have accumulated 67,000 more BTC after dumping the same amount before the price drop.

After a brutal sell-off over the last four days, Bitcoin has shown a healthy bounce back gaining 6.47% after 24 hours. BTC is trading at 51,136 USD, with a trading volume of $36.9 billion.