Big moves of Bitcoin: Whale wallet address rises sharply to new highs after BTC rally
After a sudden wave of volatility caught the general crypto market off guard, Bitcoin Price, there is It has recently reached a new all-time high and has now fallen to the $107,000 threshold. However, the recent new heights of BTC have since sparked increased interest in flagship digital assets, which is a testament to a sharp increase in the number of major investors.
Interest among large Bitcoin investors soars
exist Bitcoin’s explosive rally reaches new historical highsA significant performance was observed in BTC whales and was also considered an experienced investor. During bullish action, the size of these large investors and the accumulation of digital assets has steadily increased.
The sharp increase in whale participants is Report According to Santiment, among the latest posts on X platform, the leading market intelligence and on-chain data platform. According to the Chain Chain platform, this bullish behavior is primarily seen in whale wallets, which are between 100 BTC and 1,000 BTC.
The platform’s data suggests that the number of these large wallet addresses has increased by 337 wallets over the past six weeks, indicating solid confidence and recovery of accumulation among high-net-worth investors. This joy among big investors usually means bullish short-term outlook Price of BTC.
It should be noted that in the past five years of Bitcoin’s existence, no more closely related to the cryptocurrency market than whales’ holdings of 100 to 1,000 BTC. The increase in large wallets suggests that long-term investors and institutional players may be positioning themselves as further growth, which could support the next phase Ongoing bull market.
Santiment’s data further suggests that these investors have accumulated a large amount of BTC in the past six weeks. During this period, the cohort has purchased over 122,330 BTC, indicating a strong conviction for the long-term prospects of flagship assets.
Historically, this shows Whale presence and buying activity surge Major market developments have been carried out in the market. As a result, this development may play a crucial role in BTC’s next major move.
BTC whales’ optimism rises
Because Bitcoin gains appeal, whale It has been returning to the market at a significant speed. GlassNode is a leading data analysis platform Report The same bullish trend for large investors, especially wallets, addresses holding 1,000 BTC or more.
According to data from the Chain Chain platform, the queue increased again after falling in late April. The data show that the number of these large investors has reached 1,455 entities, even as BTC prices soar to a record high ever.
Another sign that big investors are becoming very optimistic about BTC once again long. João Wedson assertion Compared to current retail investors, whales start for a long time as assets hover at the $107,000 level.
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