CryptoQuant Analyst Says New ATH Is Coming to Bitcoin: Whales Have Returned Strong!

With the rise in Bitcoin price, whales' purchasing appetite also made a strong return.

In a post published on June 7, a writer from the on-chain analysis and data platform CryptoQuant included the strong return in the purchasing appetite of Bitcoin whales along with the price rise.

According to the analysis, the purchasing appetite of Bitcoin whales is at its highest level in the last two months. In parallel, Bitcoin balances are recording a new record number.

Is a new peak coming for Bitcoin?

The analyst also states that the strong buying pressure that has increased recently provides suitable data for buying and accumulating Bitcoin. Stating that he believes that there will be a new all-time high level (ATH) in Bitcoin, the analyst said:

Are we approaching a new peak for Bitcoin? I believe in this.

Bitcoin price hosted a decline of $1,100 with the non-agricultural and employment data announced in the USA today. However, despite this, Bitcoin, which has shown an upward performance in the last few days, is traded at $ 71,050, according to CoinGecko data.

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