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Alpha ReportsBitcoin is a hot commodity for the biggest Bitcoin holders. Crypto data company CryptoQuant has released new research indicating that “demand growth” among whales is at an all-time high.
The investors who hold the largest amount of shares are the biggest holders. Bitcoin (BTC), Want even more orange coins than before.
Bitcoin Whales Whales are those investors who hold large amounts of Bitcoin for many years. These investors can make huge gains, although whales tend to do so more often. Companies and institutional investors are preferred to individuals.
CryptoQuant said that the demand from the largest investors was at its highest level ever.
CryptoQuant said that for the first ever, demand from permanent holders has exceeded the creation of Bitcoin. This will lead to an increase in BTC price after the announcement. Halfing This month,
Next week is the scheduled halving, which will reduce Bitcoin mining rewards by half. The halving is scheduled to take place next week, a quadrennial event that will cut Bitcoin miner rewards in half.
Analysts have predicted that Bitcoin’s price will rise as a consequence, especially with the capital influx into the market following the launch of Bitcoin Spot Exchange-Traded Funds (ETFs), which are hugely popular.
CryptoQuant’s spokesperson said that this year, demand for ETFs has grown much more rapidly. Decrypt. These whales are new whales and old whales as well as ETFs.
You can also find out more about the following: Bitcoin price This year, the price of BTC has soared. It is currently worth $69,316, after reaching a record high last month. BTC’s price was under $45,000 at the beginning of this year.
Editor by Ryan Ozawa.