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21.11 - 12:49
Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest
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Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.
Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.
A rising Whale Supply Shock reading indicates a higher degree of
Read more on cointelegraph.comAbout this in other media
Bitcoin miner to go public on Nasdaq after $4B SPAC merger cointelegraph.com /2 years ago
Norway could back European Bitcoin mining ban, as minister calls energy use 'difficult to justify' euronews.com /2 years ago
Bitcoin bargain: 3rd biggest whale address adds 207 BTC at $62K cointelegraph.com /3 years ago
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