Summary
- Whales (large investors) have started increasing their Bitcoin holdings again.
- Analysis shows that whales' behavior has changed after reducing Bitcoin holdings for more than a month.
- If this trend of increasing Bitcoin holdings continues, there's a possibility that bullish momentum could be triggered.
Analysis shows that whales (large investors) are increasing their Bitcoin (BTC) holdings.
On the 7th, Darfost, a CryptoQuant contributor, stated via X, "Whales have been reducing their (Bitcoin) holdings for more than a month," adding that "this was the longest period of net decrease in the past year."
Darfost analyzed, "However, there has been a recent change in whale movement," explaining that "whales have started increasing their (Bitcoin) holdings again, turning the monthly holding variation rate back to 'positive'." He predicted, "If this trend continues, there's a possibility that bullish momentum could be triggered soon."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
