😱🔥🚀 Supply Held by New Bitcoin Whales
Accumulation Trend: The graph shows a sustained increase in the supply held by new whales. Indicating their active accumulation over the past month. This trend aligns with significant price increases, suggesting a correlation between their buying activity and upward price momentum.
Market Confidence: New whales consistently accumulate, even during price corrections. This underscores their bullish outlook and reinforces $60,000 as a critical support level. This behavior indicates that new whales view current levels as attractive entry points, contributing to market stability and potential upward movement.
Bitcoin’s upward momentum is strongly supported by the aggressive rise in supply held by new whales. A cohort of large holders who have significantly increased their accumulation. This trend is evident as the realized price for these new whales is a major support level.
Bitcoin consistently marks $60,000 as a critical threshold. Each time Bitcoin hits this price, new whales step in to accumulate, reinforcing $60,000 as a robust support level and underpinning Bitcoin’s continued rise.