Large Bitcoin holders added 110,000 coins in a month, a new high since the FTX crash, while retail investors also increased their holdings, indicating...
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TL;DR
Large Bitcoin holders added 110,000 BTC in a month, the highest since the FTX crash, while retail investors also increased holdings by over 13,000 BTC, signaling strong buying activity amid sideways price movement.
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BitcoinHalving TokensLayer 1NODEcryptocurrencyinvestorsholdingsGlassnode
According to Mars Finance, Glassnode data shows that during Bitcoin's recent period of sideways price movement, the buying activity of medium-to-large-sized holders has reached its strongest level since the FTX crash in 2022. Over the past 30 days, the group holding 10-1000 BTC (including high-net-worth individuals, trading institutions, and some institutional investors) has added approximately 110,000 BTC, the largest monthly increase since Bitcoin fell to $15,000 three years ago. This group now holds a total of 6.6 million BTC, an increase of 200,000 BTC from two months ago. Meanwhile, retail investors are also increasing their holdings. The group holding less than 1 BTC recently added over 13,000 BTC, the largest increase since November 2023, bringing their total holdings to 1.4 million BTC.