Bitcoin whales buy at $38K as BTC supply per whale hits 10-year high

Bitcoin whales buy at $38K as BTC supply per whale hits 10-year high

Big investors are betting big on Bitcoin price strength, but the same cannot be said for the average exchange user. Bitcoin (BTC) jumping to $39,000 has already activated large-volume investors this week, the latest data shows.Analyzing whale behavior, on-chain monitoring resource Whalemap revealed accumulation underway at levels above $36,000.This week’s BTC price “triggered” whalesIdentifying clusters of whale bids, Whalemap uncovered what appears to be renewed market confidence among those with some of the largest BTC balances — between 100 BTC and 10,000 BTC.“Recent prices triggered....


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Whale clusters pinpoint 4 critical short-term Bitcoin price levels

The Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show. The latest Bitcoin (BTC) whale clusters’ data shows four key short-term price levels could potentially act as resistances, namely $10,369, $10,570, $10,734 and $10,842.The hourly map of unspent Bitcoin from whales. Source: WhalemapWhalemap, an on-chain analysis firm that tracks Bitcoin whale activity, observes areas where whales, or high-net worth individuals, accumulate or move their holdings. Green clusters indicate areas where whales last bought Bitcoin. Given the tendency....

The number of Bitcoin whales hit an all-time high during the latest bull run

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