Over the past three days, large wallets that hold between 100 and 10,000 BTC have accumulated another $2.9 billion worth of Bitcoin.
When Bitcoin hit an all-time high above $64,000, the amount of BTC in exchange reserves hit an all-time low. After the recent drop to $44,000 exchange reserves have reached a new low since the beginning of 2021.
A decrease in supply is believed to lead to an increase in prices.
Another signal that indicates continued growth is activity whales Before the September 7th sell-off, large addresses sold about $3.6 billion worth of BTC.
The price of BTC dropped 15% after whales sold more than 70,000 coins. After the fall, large investors continued to buy, and over the past three days they have accumulated 60,000 BTC.
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According to www.fxstreet.com
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