Whales have accumulated a huge amount of BTC in their wallets.
According to the analytical company CryptoQuant, whales with balances of 1,000 BTC and more hold a total of 670,000 coins, and the report also notes that the number of wallets with a balance of 100 BTC and more has grown by 2% over the past two weeks to 16,300.
Small and medium wallets, on the contrary, are reducing their positions. The number of these wallets has decreased by 20,629 and currently stands at 54.5 million.
Also, the volume of perpetual and futures contracts has reached $32.9 billion, which reflects a positive mood among investors using derivatives.