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CryptyQuant Report: bitcoin mega-whale increasing its holdings at a rate of 6.3% per month, the fastest rate since April 2023

Bitget2024/07/10 14:24

CryptyQuant reports that the Bitcoin mega-whale is increasing its holdings of Bitcoin at a rate of 6.3% per month, the fastest pace since April 2023, signaling rising demand for Bitcoin.CryptoQuant reports that Bitcoin prices may take longer to bottom out and begin a new round of gains as liquidity growth in the stablecoin still hasn't fully unfolding. Stablecoin liquidity is necessary for the price to rise.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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