A noticeable shift in emotions and activity was observed between… Major investors in Bitcoin Also known as whales, wallet addresses holding more than 100 BTC are particularly common despite recent price fluctuations, sparking discussions about the next path for Bitcoin’s price.
A sharp rise in more than 100 Bitcoin addresses
recently Reports From advanced investment and data platform Alphractal, the number of Bitcoin wallet addresses containing more than 100 BTC has risen significantly, reflecting the growing accumulation of digital assets among large investors.
Despite a recent decline in market performance, the rise in over 100 BTC addresses highlights increasing confidence in Bitcoin’s long-term potential, which is often considered a bullish indicator. This is because the development may reduce the amount of Bitcoin in circulation, leading to higher prices in the long term.
Data from Alphractal reveal that instead Number of titles With more than 100 BTC increasing significantly in the past few days, the number of addresses holding more than 10,000 BTC has gradually decreased. This aforementioned shift during the accumulation period is consistent with the general optimism in the market regarding the potential of crypto assets.
It is important to note that institutional players, miners, sharks, and others are often considered the owners of addresses holding more than 100 BTC. Meanwhile, cryptocurrency exchanges, funds, whales, and Long term investors Or their owners are the main owners of wallet addresses containing more than 10,000 Bitcoin. “There may be other possibilities, but in general, the major exchanges hold the largest Bitcoin addresses in terms of quantity,” Alfractal added.
Additionally, the platform noted that sharks are becoming increasingly active as Bitcoin approaches the market Price tag is $100,000Interest at the institutional level has become noticeable recently. As a result of increased shark activity, many Bitcoins have moved from larger wallet addresses to smaller addresses such as those holding 100 BTC or more.
So far, investors are closely monitoring the development as a large accumulation of addresses containing more than 100 BTC is mostly linked to Bitcoin’s price movement. When these holders continually accumulate BTC, the asset is often seen Noticeable upward price movements.
New investors realized the high capital ceiling
Although the price of BTC has faltered in the past few days, the value realized for New investors It rose sharply, indicating renewed interest and confidence in crypto assets. This significant increase indicates that these investors are constantly accumulating Bitcoin in anticipation of a short-term rally.
Reports from Axel Adler Jr., a chain-link and holistic researcher displays The cap generated by new investors who held Bitcoin for up to a month has surpassed a whopping $343 billion, representing an increase of over 909% since the start of the cycle. Simply put, all coins sold by long-term holders are bought by new entrants.
Featured image from LinkedIn, chart from Tradingview.com
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