These Bitcoin (BTC) holders have grown holdings by whopping $33 billion BTC $BTC
reported that new highs were being set for this indicator, which reflects the behavior of long-term Bitcoin holders.long-term holder supply has achieved a new all-time high of 14.52 million BTC, equivalent to 75% of the circulating supply. This achievement may indicate that HODLing is the preferred market dynamic among mature investors or long-term Bitcoin holders.
Whale-to-exchange net flows have tended to oscillate between over 5,000 BTC/day over the last five years, according to Glassnode data. However, during June and July of this year, Bitcoin whale inflows maintained a higher inflow bias of 4,000 to 6,500 BTC/day.issued at the start of the week, Fundstrat Research predicted that the price of Bitcoin might rise 521% from current levels to $180,000 before its anticipated halving in April 2024.
According to Fundstrat experts, a Bitcoin ETF might generate an additional $100 million in daily demand for Bitcoin. The halving of Bitcoin, which is considered a bullish occurrence, is also approaching. On Monday, the Bitcoin network surpassed block 800,000, marking yet another significant milestone for the lead cryptocurrency.
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