The last time the number of BTC whales tapped such a peak was on July 7.
Despite the recent price swings that bitcoin experienced, including pumps and dumps by $2,000 within just a few days, BTC whales seem undeterred, and their total number has jumped to a local peak of 1,611 .
In comparison, those large investors were less than 1,570 in May this year when the valuation of the leading digital asset was predominantly hovering around the $26K-$27K level.to a 10-month high amid the recent events surrounding the primary cryptocurrency and its subsequent increased volatility.
It will be interesting to follow how large investors will react to the latest price developments and will use the price decline as a buy-the-dip opportunity, or they will dump some holdings due to the growing uncertainty.
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