Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Slower Growth in On-Chain Bitcoin Whales Indicates Profit-Taking by Investors

Slower Growth in On-Chain Bitcoin Whales Indicates Profit-Taking by Investors

CointimeCointime2024/03/12 05:49
By:Cointime

Data from Kaiko's wallet tracking indicates a slower growth rate in on-chain bitcoin millionaires, possibly due to profit-taking by investors. Despite the ongoing bitcoin bull run, the creation of new millionaires is occurring at a slower rate than during the previous uptrend. However, the slower pace may suggest that the bull run is still in its early stages and that the pace of inflows has yet to peak. Market consensus predicts that prices could continue to rise due to continued inflows into spot ETFs and the impending halving-induced supply reduction.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!