[Analysis] "Retail Bitcoin supply absorbed by whales… Bull market entry still possible"
Summary
- Over the past year, it was reported that whales have absorbed a large volume of Bitcoin sold by retail investors.
- It was noted that although the supply shortage is intensifying, FOMO among retail investors has not yet fully begun.
- Analysis suggests there is still potential for a future bull market entry.
Whales are absorbing the Bitcoin (BTC) supply sold by retail investors, and despite a supply shortage, there is analysis suggesting there remains potential for a future bull market.
On the 26th (local time), CryptoQuant author IT Tech stated, "The amount of Bitcoin held by retail investors with less than 1 BTC has decreased by about 54,500 BTC over the past year, now totaling around 1.69 million BTC," adding, "Meanwhile, large investors holding over 1,000 BTC have made additional purchases of an impressive 507,700 BTC in the past year, bringing their total holdings to 16.57 million BTC."
He continued, "As a result, large investors are buying about seven times more than the retail selling volume, intensifying the supply shortage. However, since FOMO among retail investors hasn't ramped up in earnest, there is still a valid possibility for a future bull market entry."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
