Whales are buying up bitcoin ensuring the price of BTC rises

• Glassnode analyzed the Bitcoin (BTC) blockchain and noticed an increase in activity from large investors.
• Analysts noted that big capital is behind the recent rise in the price of bitcoin, which is not afraid of tightening regulation of the crypto industry in the United States.

There is still uncertainty in the USRegarding the new initiative to tax representatives of the crypto industry, large investors are not afraid of the possibility of a negative outcome and are actively buying Bitcoin.

Analytical company Glassnode analyzedactivity on the Bitcoin blockchain and concluded that the volume of transactions on the network worth at least $1 million has increased by 10% since the beginning of August. Currently, these transfers account for 70% of the total value of all transactions on the blockchain.

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At the same time, the share of small Bitcoin transactions, on the contrary, decreased. If in July they accounted for 70% of the total cost of all transfers, now the figure has dropped to approximately 30–40%.

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The trend of major players becoming more active and the price of BTC rising indicate that cryptocurrency investors are positive about the further development of the industry.

"Investors pay attention to the positive aspects of regulation, not the negative"“,” noted the strategist of the institutional crypto exchange LMAX Digital.

The Efficient Frontier chief said financial institutions welcome clear and fair regulation.

"The recent rise in prices in the crypto market suggests that investors are not afraid of regulation", he added.

Moreover, the chief strategist of BloombergCommodity Intelligence Mike McGlone believes any possible US regulation of cryptocurrency will favor Bitcoin and Ethereum.

&#171;What worries us? The crypto market is expecting the US to do the right thing. Any US moves to regulate crypto assets will likely support renewed upward trajectories for Bitcoin and Ethereum&#187;- wrote McGlone.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	FTX	https://ftx.com	7.5
3	Bybit	https://bybit.com	7.2
4	OKEx	https://okex.com	7.1
5	Exmo	https://exmo.me	6.9

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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