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Analysis, the whale is continuously increasing its Bitcoin holdings, with wallets holding 10 to 10k BTC adding approximately 41k BTC over two weeks.
Mars Finance News: Cryptocurrency lending platform Nexo announced that the number of wallets holding more than 100 BTC is continuously increasing, indicating that “smart money” is re-entering the Bitcoin market. Data shows that addresses holding between 10 and 10k BTC have accumulated approximately 41k BTC over the past two weeks. Meanwhile, the price of Bitcoin has also broken through the “True Market Mean” average level of $78,100 for the first time since January this year. Market analysis suggests that the continued accumulation by large on-chain addresses may reflect a rebound in risk appetite among institutions and long-term holders.