CryptyQuant Report: bitcoin mega-whale increasing its holdings at a rate of 6.3% per month, the fastest rate since April 2023
CryptyQuant reports that the Bitcoin mega-whale is increasing its holdings of Bitcoin at a rate of 6.3% per month, the fastest pace since April 2023, signaling rising demand for Bitcoin.CryptoQuant reports that Bitcoin prices may take longer to bottom out and begin a new round of gains as liquidity growth in the stablecoin still hasn't fully unfolding. Stablecoin liquidity is necessary for the price to rise.
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.
You may also like
Fed Minutes Reveal Growing Divisions Over Impact of Trump Tariffs
Fed Officials’ Concerns Over Economic Slowdown Intensify as Nonfarm Payroll Revisions Have Significant Impact
Fed Meeting Minutes Show Progress in Monetary Policy Framework Review
Fed Minutes Note Stablecoins May Boost Demand for U.S. Treasuries
Trending news
MoreCrypto prices
More
