šJuly whale hoarding season: Bitcoin market ushered in a $5.4 billion surgeš
Everyone, pay attention! š„ In July, the real whales of Bitcoin hoarded up to $5.4 billion in Bitcoin, with a staggering hoarding amount of more than 84,000 Bitcoins! This is not a small number. You know, these whales hold the remote control that may manipulate the market!
š° So, what is a real whale? Simply put, it is a large holder who accounts for 0.1% of the total circulation of Bitcoin, that is, at least 21,000 Bitcoins.
šØ In July, the number of Bitcoin hoarded by whales was the largest since October 2014. According to data from IntoTheBlock and TradingView, the hoarding of more than 84,000 Bitcoins is simply unmatched by any month in the past decade!
š Imagine that in October 2014, Bitcoin was only over $300 per coin. At that time, the whales hoarded 80,000 coins, which is completely different from the current hoarding of 80,000 coins at over $60,000 per coin. What does this mean? It means that there are a large number of institutions and whales who may be preparing for the next quasi-market outbreak!
š Looking back at the market trends in recent months, Bitcoin has been fluctuating between $50,000 and $70,000, and whales have begun to frantically absorb funds! As for whether this indicates that a large-scale market crash is about to begin, or a prophetic action for a new round of skyrocketing? It's up to you to judge!
š If Bitcoin stops falling and rebounds this week, and in the next few weeks, Bitcoin breaks through the previous high of $74,000, will it soar to $80,000, $100,000, or even higher without resistance? Just think about it, it's too exciting!
ā ļø But don't worry, there are also views that before reaching a new high, Bitcoin may have another round of sharp correction. As for whether it will pull back to around $51,000 to $52,000, this is also a major event that deserves our continued attention.
š What do you think? What do you think will be the next step for Bitcoin? Will it break through the sky directly, or will it squat first and then jump? See you in the comments section!
