Bitcoin whales continue accumulating, with addresses holding 100-1,000 BTC, increasing their holdings by 5% over the past six months.
accumulation by certain addresses has notably increased in recent months. The accumulation is significantly higher when comparing the volume held by these addresses to six months ago.This notable increase reflected a 5% rise in holdings compared to six months ago. At that time, these whale addresses held around 3.82 million BTC.
The substantial increase in holdings by these addresses suggested that larger investors, or whales, are positioning themselves for future gains.by large addresses is indeed a bullish sign, and the current trend of the Bitcoin exchange reserve further reinforces this positive outlook. As of this writing, the exchange reserve stood at around 2.68 million BTC, a decrease from approximately 2.93 million BTC six months ago.This consistent decline in the exchange reserve, paired with the growth in BTC accumulation by addresses holding 100-1,000 BTC, indicates that many holders have chosen to hold onto their BTC rather than sell or trade it.
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