Markets· ★★★· neutral·

Whales take over bitcoin demand as Strategy pulls back

  • —Wallets with 10–10,000 BTC bought 88,987 BTC in a month
  • —Strategy made no large bitcoin purchases over five weeks
  • —Strategy accounted for only about 3% of whale buying volume
Why it matters: A shift in the dominant buyer from a corporate treasury to whales changes the durability of demand and how sensitive BTC is to their moves.
#BTC
Source: Digital Today
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