Glassnode: the number of "whales" has increased significantly in anticipation of the halving

Analysts at Glassnode report that ahead of the halving of the reward for bitcoin mining, whichHeld in May, major players are building up the first cryptocurrency reserves on their wallets.

In the report, the researchers emphasized thatthe number of wallets with a large reserve of BTC (more than 1,000 coins) increased before the market fell on March 12-13, and after that it began to grow at an accelerated pace. That is, the “whales” are accumulating bitcoins and, according to analysts, this is a rather optimistic signal for the market.

The number of "whales" has already increased to the levelend of 2017. However, at that time, the trend went on to sell large reserves of the first cryptocurrency. But a similar accumulation of BTC also took place before halving the award in 2016. After that, BTC showed stable and powerful growth, which ended only in 2017.

“According to the trend, even thoughuncertainty in the market, the "whales" remain confident that now is a good time to purchase BTC. So, they expect Bitcoin to grow, ”Glassnode analysts concluded.

Recall that recently, a popular analyst, Tone Vays, said that he expects Bitcoin to grow, and if the first cryptocurrency drops to $ 6,400, then it will increase its position.

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