Summary
- "According to Glassnode data, whale investors holding more than 1,000 BTC are continuing their aggressive accumulation."
- "On the other hand, smaller investors holding less than 1 BTC and those with 10~100 BTC are reportedly selling their holdings."
- "This indicates a change of hands in Bitcoin, with whales maintaining a strong belief in further price increases."
An opinion has emerged that a change of hands is occurring in Bitcoin (BTC) holdings.
On the 7th (local time), CoinDesk cited Glassnode data and reported, "Whales holding more than 1,000 BTC are continuing their aggressive accumulation," while also stating, "Smaller investors holding less than 1 BTC and those with 10~100 BTC are selling their holdings." It continued, "This means that Bitcoin owned by individual investors is shifting to whale investors—a change of hands," adding, "Whales still maintain a strong belief in further Bitcoin price increases."
As of 7:39 PM, based on Binance USDT market data, Bitcoin is trading at $108,773, up 0.70% from 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
