The cumulative amount of wallets holding more than 10 BTC by Bitcoin big holders has reached a record high, currently reaching 16.17 million BTC.

Although the price of Bitcoin has fallen below $61,000 due to miner capitulation and market selling pressure, these big holders are still accumulating. The future bull market will rely on the increase in the purchasing power of USDT and USDC stablecoin holders.

Main points:

The cumulative amount of Bitcoin whale wallets has reached 16.17 million BTC, a record high.

The key to triggering a Bitcoin bull market is to increase the purchasing power of USDT and USDC stablecoin holders.

The price of Bitcoin fell below $61,000, partly due to market selling on large exchanges such as Coinbase due to miner capitulation.

CryptoQuant's data indicators show that Bitcoin has entered a risky area, but the market still has the potential to rise.

Investors remain confident in the long-term prospects of Bitcoin and actively buy when the price falls back.

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