The price of the price of Bitcoin (BTC) has recovered at $ 94,000 since it reached minimum below $ 75,000 earlier this month. The increase is characterized by cryptographic whales, large investors with substantial capital, obtaining market coins, in activity considered as confirming the rally.
The renewed demand of whales is evident in the patented accumulation trend score of Glassnode, which reflects the relative size of entities that actively absorb new coins in the chain. A score of 1 indicates that, together, the entities accumulate, while a value close to zero suggests otherwise.
Until Thursday, the wallets that had more than 10,000 BTC had an accumulation score of 0.90, and those with 1,000 BTC at 10,000 BTC obtained 0.7. The smallest wallets revolved to accumulation with a trend score 0.5.
“Until now, big players have been buying this rally,” Glassnode said in X.
Meanwhile, Cryptoquant data revealed the highest BTC output of centralized exchanges in two years when analyzing using the 100 -day mobile average.
“A review of historical patterns suggests that this could imply the reactumulation of assets by investors,” said Cryptoquant’s commentators.
Centralized exchanges are taken to represent the preference of investors by direct custody of their currencies, a long -term participation strategy sign.
