A Summary of Bitcoin Key Stakeholders' Recent History Over the Past 3 Years (All in One Visual)
π Bitcoin's new all-time high of $103,656 on Coinbase was a six-figure milestone many were anticipating following the massive crypto-wide price surges that beg
Geen financieel advies. DYOR.
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π Bitcoin's new all-time high of ~$103,656 on Coinbase was a six-figure milestone many were anticipating following the massive crypto-wide price surges that began on US election night exactly a month ago. How did we get here?
No matter what cryptocurrency asset you may have been watching, they have benefited from the large rise in holdings from whales & sharks (approximately defined as 10+ BTC wallets). In the past 7 weeks, 103,960 more coins have been accumulated by this group, equaling the fastest rate of accumulation since March, 2021 - June, 2021.
Over the long-term, this group is largely responsible for the direction of future price movements. Check out our simplified summary (in this graphic) of the 5 most notable long-term whale behavioral outliers of the past 3 years. Cryptocurrency is, and will always be, a whales' playground.
Not financial advice. DYOR.
