Revolutionizing Your Portfolio: Unleashing Explosive Growth Through Data-Driven Insights

Major holders of Bitcoin (BTC) have been switching back to accumulation mode, adding approximately 129,000 BTC since the start of the month. This surge in buying activity comes despite a dismal price performance.

According to data provided by Arkham Intelligence, the U.S. government has also moved millions of dollars worth of BTC recently. This significant movement highlights that major entities are still confident in the asset’s potential and are not swayed by short-term market fluctuations.

The supply of Bitcoin per whale has been steadily increasing since March, as reported by Glassnode. This metric indicates “sustained accumulation,” which suggests that large investors are actively accumulating the cryptocurrency despite the recent downturn.

Glassnode notes that this trend is notable because it’s a stark contrast to the earlier period when major holders were net sellers of BTC. The fact that they’re now adding more coins, even at current prices, implies that their confidence in Bitcoin remains unwavering.

It’s clear that these major investors are focused on the long-term potential of the asset and aren’t letting short-term market volatility deter them from their strategy.

The data suggests that there may be more room for accumulation ahead. However, it will be crucial to monitor this trend closely as a further increase in whale supply could have significant implications for the overall market sentiment.

In conclusion, the current activity from major holders is a strong indication of their long-term commitment to Bitcoin and its potential for growth.

Source: https://u.today/674-million-worth-of-dormant-bitcoins-suddenly-on-the-move