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Bitcoin
Whales, investors who are already exceeding 10,000 BTC, buy more of the largest cryptocurrencies in the sign of confidence in the next up, although the price is only a few percent below a historically high time around $ 112,000.
Whale has moved to the aggressive aggressive accumulation regime in the last few days, as well as wallets holding 1,000 to 10,000 BTC. However, according to Glassnode trend scores, smaller holders seem to reduce their exposure.
Whales are often considered “smart money” because they have so much at stake. Smaller investors range from Sub-1 BTC wallets to those who have between 10 and 100 BTCs, and have mostly sold or distribute their shares in the last few months.
The contrast that comes when the price of bitcoins is located around $ 109,000 potentially signals the transfer of coins from retail to institutional or high net investors. The accumulation trend confirms that the strong purchase interest began to build shortly after Bitcoins hit the local low low almost $ 76,000 in mid -April.
This is further evidence that the accumulation of whales near record price levels could be a bull signal and can be located for future growth.
