Bitcoin is currently attracting strong attention from both "whales" holding hundreds of BTC and an increasingly expanding community of average users. These are two extremely important factors that together create a positive picture for the crypto market. Below are the main signals you need to pay attention to:
1. Whales Are Accumulating Strongly
According to the latest data, the “whales” — investors holding 100 BTC or more (equivalent to about $6.86 million USD) — are buying at an unprecedented rate. Quinten Francois, an expert in the crypto industry, commented:
"Never before in Bitcoin's history have whales been buying BTC so aggressively."
The accumulation by whales may reflect expectations of strong volatility in the near future, potentially related to significant macroeconomic events such as the upcoming U.S. presidential election or changes in monetary policy by the Federal Reserve (Fed). History shows that when whales accumulate BTC strongly, the price of Bitcoin tends to rise afterward.
2. The Supply of Ethereum on Exchanges Is Decreasing Sharply
Not only Bitcoin, but Ethereum is also witnessing positive signals as the amount of ETH on exchanges has significantly decreased. Currently, only about 10.43% of the total supply of ETH is stored on exchanges — the lowest level in many years.
Since the beginning of the year, the amount of ETH on exchanges has decreased by more than 16 million ETH, equivalent to about $4.18 billion USD. As the supply of ETH on exchanges decreases, selling pressure also diminishes, which typically drives prices higher. The fact that many long-term investors are withdrawing ETH from exchanges to store in personal wallets indicates that they are optimistic about the long-term growth potential of this asset.
3. The Number of Bitcoin Wallets Is Increasing Sharply
In addition to the accumulation by large investors, the number of Bitcoin wallets is also increasing significantly. There are now over 52.5 million wallet addresses holding at least a small amount of BTC, with 26,346 new wallets added just last month.
Since the beginning of the year, the number of Bitcoin wallets has increased by nearly 1 million, indicating that more and more average users are participating in the market. This not only reflects the attractiveness of Bitcoin but also signifies long-term confidence in this asset. As the number of wallets steadily increases, the user community expands, providing the market with more stability and sustainability.
Conclusion: Is a Strong Price Surge Coming for Bitcoin and Ethereum? 🚀
The combination of factors — strong accumulation by whales, a significant decrease in ETH on exchanges, and an increasing number of average users — is creating a positive picture for the crypto market. These factors indicate that both large and small investors are placing their trust in the long-term potential of Bitcoin and Ethereum.
If these trends continue, we may soon see Bitcoin and Ethereum set new price records. This could be a favorable time for investors to prepare and seize opportunities in case the market truly enters a strong bullish cycle.
