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CryptyQuant report: Bitcoin whales increased their holdings at a rate of 6.3% per month, the fastest rate since April 2023

CryptyQuant report: Bitcoin whales increased their holdings at a rate of 6.3% per month, the fastest rate since April 2023

Odaily2024/07/10 14:36
By:Odaily
Odaily News CryptyQuant reported that Bitcoin whales are increasing their holdings of Bitcoin at a rate of 6.3% per month, the fastest rate since April 2023, indicating rising demand for Bitcoin. CryptoQuant reported that it may take longer for Bitcoin prices to bottom out and start a new round of increases because the growth of stablecoin liquidity has not yet fully unfolded. Stablecoin liquidity is a necessary condition for price increases.
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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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