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Bitcoin Whales With 10K BTC Holdings Increase — Supply Squeeze Incoming?
According to recent reports, Bitcoin whales with holdings of over 10,000 Bitcoins are on the rise. This sudden increase in large-scale investors has sparked concerns about a potential supply squeeze and its impact on the cryptocurrency market.
Renowned expert and trading analyst, McGlone, recently took to Twitter to express his concern regarding the current situation. He warned that a significant Bitcoin decline is likely this year due to rigid U.S. external economic policies. As per McGlone’s prediction, the stock market will mirror these policies, resulting in a close correlation with Bitcoin.
As a result, McGlone believes that Bitcoin may potentially face the same fate as the Nasdaq 100 peak in the early 2000s, where it reached an all-time high of 5,000 points and then crashed by 80%. He expects a similar scenario to unfold for Bitcoin, which could result in a crash after reaching its projected peak price of $100,000.
It is worth noting that McGlone’s previous prediction has already seen Bitcoin decline to as low as $70,000 this year.
Source: https://u.today/bitcoin-whales-with-10k-btc-holdings-increase-supply-squeeze-incoming
