July 25, 2021

Whales keep buying bitcoins

Whales keep buying bitcoins

The number of bitcoins in whale wallets has reached a two-month high.

According to Glassnode, the number coins on addresses with 1,000 to 10,000 BTC increased to 4.216 million BTC. The total number of such addresses also rose to a record 1922.

The accumulative policy of whales can be viewed as a positive signal for the market and a possible achievement of a local bottom.

Whales have already shown their ability to influence pricesBTC. During last year's race, they replenished their bitcoin stocks and did not dump them. But when they started selling bitcoin above $ 60,000, the price could not hold and plummeted to $ 30,000.

Whales keep buying bitcoins

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