Bitman on Nostr: 🚨 The number of whales is back to its highest level in four months In the last 30 ...
🚨 The number of whales is back to its highest level in four months
In the last 30 days, about 28 new whale addresses have emerged on the Bitcoin network, marking the largest growth since June.
This increase also aligns with the absorption of coins by institutional entities, which have accumulated 9,000 BTC in the past seven days.
This institutional interest followed a brief period of coin distribution at the beginning of October but has since shifted back to buying pressure over the last week.
The growing institutional demand is pushing Bitcoin's upward momentum, which is also starting to be influenced by retail interest.
In the last 30 days, about 28 new whale addresses have emerged on the Bitcoin network, marking the largest growth since June.
This increase also aligns with the absorption of coins by institutional entities, which have accumulated 9,000 BTC in the past seven days.
This institutional interest followed a brief period of coin distribution at the beginning of October but has since shifted back to buying pressure over the last week.
The growing institutional demand is pushing Bitcoin's upward momentum, which is also starting to be influenced by retail interest.