CoinVoice has learned that CryptoQuant analyst Julio Moreno stated that whales are not purchasing large amounts of Bitcoin. Currently, most Bitcoin whale data is influenced by exchanges, which concentrate large amounts of Bitcoin into a few addresses with larger balances. Therefore, whales seem to have accumulated a large amount of Bitcoin recently. CryptoQuant has data excluding all exchange addresses, showing that whale balances are decreasing (Chart 1). Addresses holding 100-1000 Bitcoins also show the same trend, mainly holding ETFs (Chart 2).
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CoinVoice has learned that CryptoQuant analyst Julio Moreno stated that whales are not purchasing large amounts of Bitcoin. Currently, most Bitcoin whale data is influenced by exchanges, which concentrate large amounts of Bitcoin into a few addresses with larger balances. Therefore, whales seem to have accumulated a large amount of Bitcoin recently. CryptoQuant has data excluding all exchange addresses, showing that whale balances are decreasing (Chart 1). Addresses holding 100-1000 Bitcoins also show the same trend, mainly holding ETFs (Chart 2).