Bitcoin
Whales, investors who already hold more than 10,000 BTCs, buy more of the largest cryptocurrency as a sign of more on the rise, even if the price is a few percent below its top of all time, around $ 112,000.
The whales have moved to aggressive accumulation mode in the past few days, as are portfolios containing 1,000 to 10,000 BTC. Smaller holders, however, seem to reduce their exposure, according to the Glassnod tendency accumulation score.
Whales are often considered to be “smart money” because they have so much at stake. Small investors range from sub1 BTC portfolios to those who hold between 10 and 100 BTC and have mainly sold or distributed their assets in the past two months.
The contrast, which occurs while the price of bitcoin is around $ 109,000 potentially indicates a transfer of retail parts to institutional or high net investors. The accumulation trend score confirms that solid purchasing interests began to build shortly after Bitcoin has reached a local hollow nearly $ 76,000 in mid-April.
This is additional proof that the accumulation of whales near record price levels could be a bullish signal and they could position for future growth.
