The bitcoin reserves on BlockFi – the popular lending and borrowing platform enabling users to receive interest – have declined to an all-time low. This, combined with recent reports claiming that whales have started to sell off their positions, raises the question of whether large BTC investors may have averted from HODLing.
BlockFi BTC Reserves Decline
Founded in 2017, BlockFi allows investors to lend their cryptocurrency assets in order to gain interest. However, it seems that large investors don’t find the APY provided by the company incentivizing enough lately, and they have withdrawn large portions of their positions.
Data from CryptoQuant reveals that the bitcoin reserves on the platform have decreased substantially in the past several weeks to new all-time lows.
According to the analytics company’s researchers, this means that “whales and high-net-worth individuals are not interested in collecting interest on BTC” at the moment. They added that “this indicates HOD
Źródło: https://cryptopotato.com/bitcoin-reserves-on-blockfi-to-new-lows-as-btc-price-sluggish/
