Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply
Summary
Bitcoin whales, holding 1,000 to 10,000 BTC, have accumulated 266,000 BTC in 2024, now owning 25.16% of the total supply. Their buying trend has influenced the market, with recent accumulation indicating support for the current recovery. However, investor sentiment shows FOMO, which historically has led to potential market tops. Bitcoin is currently trading at around $64,700, up more than 7% over the past week.
