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.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to www.fxstreet.com
You May Also Like
DIY block scanner (Blockchain explorer): Why is it needed?
When developing a crypto wallet, you will encounter a number of problems that are not obvious. We will not consider now the problems associated with generating addresses, signing transactions and other issues that may come to mind first.
Salvador bought 21 BTC in honor of December 21, 2021
El Salvador continues to acquire Bitcoin. President Nayib Bukele announced the purchase of 21 more BTC to mark the unique mirror date of the 21st century.
