Whales Grabbing Bitcoin as 1k – 10k Wallet Supply Sees Sharp Rise: Glassnode

Data provided by a popular analytics company shows that whales have been actively accumulating Bitcoin on the dip

Trader and analyst Willy Woo has taken to Twitter to share a couple of Glassnode charts which show that Bitcoin is doing well despite low hashrate and China’s crackdown on miners.

Bitcoin whales are accumulating the flagship crypto on the dip, ignoring the negative news coming from China and world’s central banks.

Another chart from Glassnode shared by Woo indicates a major rise in the number of Bitcoin entities. Woo adds that right now the number of BTC users has hit all-time highs for 2021.

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