Bitcoin Whales Secretly Accumulate Crucial Power in the Market
Main Idea
Bitcoin whales have significantly increased their holdings, accumulating 218,570 BTC in four months, now controlling 68.44% of the circulating supply, which has influenced market sentiment and liquidity.
Key Points
1. Since the end of March, Bitcoin whales have accumulated 218,570 BTC, increasing their control by 0.9% of the circulating supply.
2. Wallets holding between 10 and 10,000 BTC now dominate 68.44% of the Bitcoin supply.
3. The Crypto Fear and Greed Index rose from below 20 in mid-March to 62 by the end of July, indicating a shift to 'greed' due to whale activity.
4. Despite a price correction to $116,000 on July 30, investor appetite remained strong, with 20,258 BTC withdrawn from centralized exchanges in 24 hours.
5. The Fed's steady policy interest rate of 4.25-4.5% has created stable liquidity conditions, encouraging a 'hold-and-store' strategy among investors.
Description
Bitcoin whales quietly control an additional 0.9% of circulating Bitcoin supply. Market sentiment shifts towards "greed" as whale acquisitions spur recovery. Continue Reading: Bitcoin Whales Secretly Accumulate Crucial Power in the Market The post Bitcoin Whales Secretly Accumulate Crucial Power in the Market appeared first on COINTURK NEWS .
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