Since 2020, we can see the development of crypto is becoming mainstream after 2 years it is gloomy among the general public. The growing trend continues in 2021.
Based on statistics released by statistics firm Glassnode, the number of whale groups investing in Bitcoin has increased by more than 200 since early 2021. Glassnode, classifies 'whales' as accounts with more than 1000 units of bitcoin traded at a current price of $ 37 million in total holdings.
The number of Bitcoin whales (holders of more than 1000 units of BTC) has shown a significant increase this year after the price of Bitcoin showed exceptional performance in December and January which reached a price level of over $ 40,000 dollars per BTC.
More than 200 whale entities have emerged in the crypto network. This indicates that large institutions have begun to open up to cryptocurrencies. Last December, Glassnode reported that 78% of the bitcoin supply in the market had not been liquidated.
The latest Bitcoin price has reached a price level of almost $ 38,000 per unit. Glassnode also reported that fiat currency exchange activity was also booming on Coinbase and was followed by Binance over the last few weeks.
For example, cryptocurrencies are getting more and more attention. The increasing presence of whales will cause investors to devise strategies more carefully.
