THELOGICALINDIAN - The Number of Bitcoin Whales Is Increasing Over Time Data Shows
Bitcoin’s bulk has been in a able uptrend back the March lows of $3,500. Despite the more prohibitive bulk of entry, the cardinal of BTC whales is growing. The metric is not at an best aerial bulk yet but the advance of this suggests an accretion bulk of basic entering the space.
Glassnode, a blockchain analytics firm, reported aloof afresh that the cardinal of Bitcoin whales (entities captivation in balance of 1,000 coins) afresh pushed aloft 1,800. This is the accomplished that the metric has been at back the average of the 2017 rally:
Coin Metrics, a top blockchain analytics firm, afresh aggregate a cardinal of indicators that appearance why Bitcoin’s amount has been rather “remarkable” over the accomplished few weeks admitting a flurry of abrogating account events. Some of those indicators are as follows:
