06:15
Analysts: Over the past year, BTC Whales have locked in considerable profits, but the strong demand for new funds getting on board has supported the market's continuous rise.
BlockBeats news, on July 31, CryptoQuant analyst Axel released data on social media stating that in the past year, large holders have locked in considerable profits. The supply of Whale addresses holding more than 1000 Bitcoins has decreased by 502,000 coins, while the demand from institutional investors has supported the market's resilience and continued rise. Essentially, we have observed strong demand for Tokens from new on-board funds throughout the past year.
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