š 3.58w pieces! Whales hoarded record amount of Bitcoin in July! š
Recently, there has been significant hoarding behavior in the Bitcoin market, especially among "whale" investors who hold large amounts of Bitcoin. š¦
Foreign media reported that the hoarding speed of these long-term holders reached a record high in July, hoarding a staggering 35.80,000 Bitcoins in just one month. This number far exceeded the 140,000 Bitcoins involved in the Mt. Gox compensation case. Bitcoin, which accounts for only about a quarter of what whales hoard in a month.
According to the report, analysts at CryptoQuant pointed out that Bitcoin is currently in a new accumulation stage, which may indicate that. Looking back at the last accumulation stage, the price of Bitcoin was still hovering between US$20,000 and US$30,000.
However, during the current accumulation stage, the price of Bitcoin has fallen in the price range of US$60,000 to US$70,000, showing that the market's assessment and re-expectation of Bitcoin's value have increased significantly.
šAlthough there have been panic reports on Mt. Gox repayment and other incidents in the market recently, the data in the figure shows that the giant whales have not been affected by this, and instead "accumulated" Bitcoin even more crazily.
In sharp contrast, many retail investors, driven by panic, may choose to sell their Bitcoins or hesitate to enter the market at a high price!
Does this phenomenon remind investors that while whales are actively hoarding Bitcoin, should retail investors re-evaluate their investment strategies and consider whether to follow the footsteps of these market leaders?
š¤Just imagine, if the value of Bitcoin reaches more than 100,000 US dollars at the end of the year, will investors who missed the current accumulation opportunity regret it! So, are you aware of the trend and urgency of seizing current investment opportunities?
Finally, when retail investors make investment decisions, rational analysis and overall judgment of market trends are crucial.
