Bitcoin (BTC) prices could drop by 20% in the next few months, but that has not deterred its richest investors from stacking.
The amount of Bitcoin held by “unique entities” with a balance of at least 1,000 BTC, or so-called “whales,” has increased to its best levels since September 2021, data on Glassnode shows.
Interestingly, the number in the past week grew despite Bitcoin’s price decline from $43,000 to around $38,000.
Marcus Sotiriou, an analyst…
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