Massive Spike in 5,000 to 10,000 BTC Transactions
It seems there was a lot going on behind the scenes as the pandemic took place, smart and big money were buying the dip in March. So much has taken place the common person is not aware of, the landscape has changed before our eyes and small business has ben crushed while the major players amassed great wealth – Amazon, Walmart, etc Bitcoin is the one thing us normal people can accumulate NOW while our world is being changed before our eyes
Analysis Reveals Massive Spike in 5,000 to 10,000 BTC Transactions – Are Whales and Institutions Bullish on Bitcoin?
“In a new report, crypto exchange OKEx teamed up with blockchain firm Catallact to study the behavior of large-scale investors this year. The report reveals that whales came to life between May to July as the number of 5,000 to 10,000 BTC transactions spiked while Bitcoin’s price consolidated around $10,000.
‘This upward trend suggests the possibility that institutions and/or large players got busy accumulating BTC as economic stimulus measures from central banks spurred on the purchase of hard assets. However, because we cannot cleanly differentiate what actual activity took place from the number of transactions alone, this only remains a speculative possibility.’”