Bitcoin Whales Continue Buying, Now Control Over 40% Of Supply
Summary
Bitcoin whales, holding over 1,000 BTC, have been accumulating since mid-March, now owning over 40% of the total supply. Their buying spree started during the price consolidation after the all-time high. This accumulation trend may lead them to control over 50% of the supply. Meanwhile, the total Open Interest in the cryptocurrency sector is close to its all-time high, indicating potential market volatility. Bitcoin is currently trading at around $71,400, up 6% over the past week.
