Bitcoin whales typically capture the stagnant market conditions to accumulate more coins. This trend continued even during the underwhelming price performance of Bitcoin in recent months, as new analysis suggests a dramatic uptick in whale activity during the period.
Glassnode’s latest edition of “The Week On-Chain,” observed that the aggregate Whale balance has declined by approximately 255k BTC since May 30. This was found upon isolating coins flowing between Whale entities and exchanges.
According to the on-chain intelligence platform, this trend represented the largest monthly balance decline in history, hitting -148k BTC/month.
Isolating for coins flowing between Whale entities and exchanges, the chart below shows that the aggregate Whale balance has declined by -255k BTC since 30 May.
This is the largest monthly balance decline in history, hitting -148k BTC/month. This indicates that there are… pic.twitter.com/Owm3GZkD4d
— glassnode (@glassnode) July 26, 2023
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We współpracy z: https://cryptopotato.com/bitcoin-whale-balance-hits-largest-monthly-decline-glassnode/
