The number of bitcoin whales reaches a record level


The number of bitcoin whales has reached a record level

The number of bitcoin whales reaches a record level

Over the past two months, the number of bitcoin whales has increased by 2% and reached a record high this week..

Despite the fact that the MTC rate still is in the area of ​​the same mark as on the eve of the halving on May 11, investors expect its significant growth in the long term amid fiscal and monetary stimulus in countries around the world.

The number of bitcoin whales reaches a record level

This is confirmed by the data of the analytical company Glassnode, according to which the number of holders of 1000 or more bitcoins has increased by 56 since mid-April, reaching 1844 on Monday, which is a record level previously observed only during the crypto boom in November 2017..

The analysis took into account addresses controlled by the same person, so the metric algorithms do not take into account the storage of exchanges, but add up whale funds distributed across several wallets.

The confidence of large investors in digital currency is also increased by analysts’ forecasts, many of whom speak of a price break in the medium term and an increase in the BTC exchange rate to $ 12 thousand and even $ 20 thousand. However, so far, the goal of the bulls is to overcome resistance at $ 10 thousand and keep the price above this psychological mark.

text: Ivan Malichenko, photo: Getty Images, graphic: Glassnode

Similar articles