"Whales Accumulating Bitcoin... Actively Participating in the Rally"

JOON HYOUNG LEE

Summary

It was reported that whale investors are accumulating Bitcoin and actively participating in the upward rally.
The accumulation indicator for wallets holding more than 10,000 Bitcoins is 0.9, showing active engagement.
Wallets holding less than 10,000 Bitcoins are also starting to accumulate Bitcoin.

It has been observed that whales (large investors) are actively purchasing Bitcoin (BTC).

On-chain analysis platform Glassnode stated on the 24th via X that "the accumulation indicator for wallets holding more than 10,000 Bitcoins is 0.9," indicating that Bitcoin whales are once again actively moving.

Glassnode emphasized that "whales are actively participating in this upward rally." Glassnode added that "the accumulation indicator for wallets holding between 1,000 and 10,000 Bitcoins is 0.7," noting that "they are closely following the wallets holding more than 10,000." Furthermore, it mentioned that "wallets holding between 100 and 1,000 Bitcoins are also transitioning into an accumulation trend."

BTC