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Analysis: Large whales are continuously increasing their Bitcoin holdings, with wallets holding 10 to 10k BTC adding approximately 41k BTC over two weeks.
ME News Report, May 3rd (UTC+8), the cryptocurrency lending platform Nexo announced that the number of wallets holding over 100 Bitcoins is increasing, indicating a trend of “smart money” returning. Data shows that addresses holding between 10 and 10k Bitcoins have collectively accumulated approximately 41k Bitcoins over the past two weeks. At the same time, Bitcoin’s price has surpassed the “True Market Mean” average level of $78,100 for the first time since January this year. Market analysts believe that the continued accumulation by large holders may suggest that the risk appetite of institutional and long-term holders is gradually recovering. (Source: MLion)