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Bitcoin Supply Dynamics: BTC Whales Retreat as Smaller Players Take Over
A significant shift has been observed in the dynamics of Bitcoin’s supply, with large holders, also known as whales, drastically reducing their supply by 290,000 BTC over the past five months. Meanwhile, smaller investors have taken advantage of this opportunity to accumulate and increase their stakes.
This dramatic change in sentiment highlights a notable divergence between market segments, as the larger institutional players have largely stepped back from accumulation activities. Contrary to this trend, smaller investors have shown increased confidence in the market’s trajectory.
Statistics reveal that large holders reduced their supply by 290,000 BTC during the five-month period. In contrast, smaller investors have been aggressively accumulating Bitcoin throughout this time.
Notably, as the supply dynamics are shifting, Bitcoin dominance has also experienced a notable rise, reaching an unprecedented high of 61.57%. While trading volume and futures open interest have decreased significantly, large investors have begun buying once more.
In a stark contrast to their recent pause in accumulation activities, these institutional players have resumed buying, indicating their renewed confidence in the future prospects of Bitcoin.
Source: https://cryptonewsland.com/bitcoin-supply-dynamics/
