Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000. Here’s what the whales are doing while the market panics.
How The Bitcoin Whales Are Behaving At The Moment
In a new post on X, the market intelligence platform IntoTheBlock revealed how the Bitcoin whales have been behaving recently, given the struggle the asset’s price has been going through.
Whales popularly refer to BTC investors carrying at least 1,000 tokens in their wallets. At the current exchange rate, this amount is worth about $63.5 million. Due to this massive scale of holdings, the whales can influence the network.
Thus, their behavior can naturally be worth following. First, the analytics firm has discussed the largest entities, even among the whales: the “Large Holders.” IntoTheBlock categorizes Large Holders as those who own 0.1% or more of the entire circulating Bitcoin supply.
Currently, almost 19.7 million tokens are in circulation, so these large holders w
We współpracy z: https://bitcoinist.com/bitcoin-struggle-analytics-firm-reveals-whales/
