The Breakthrough Growth of Cryptocurrency Whale Addresses
The accumulation volume of whale addresses has surged
On June 15, data from Glassnode revealed a significant milestone in the cryptocurrency market. Whale addresses holding between 1K and 10K ETH increased their holdings by an additional 818.4K ETH in one day. Equivalent to about 2.5 billion USD, this is an unprecedented increase in over six years. The market witnessed a positive inflow, reflecting the optimism of large investment groups and individuals with significant reserve portfolios.
The assets of whale addresses have reached a record level
The total ETH of these addresses has exceeded 16 million ETH, up from 11.87 million ETH nearly a year ago. This growth implies a long-term accumulation trend, suggesting that whales are likely looking to accumulate more due to expectations of cryptocurrency price increases. This is an important indicator for analysts to assess potential buying points in the new growth cycle of the market.
The market is gradually transforming
Large investors, especially investment funds and whales, are increasingly showing their long-term accumulation intentions. This information reinforces confidence in the sustainable growth potential of major cryptocurrencies. With strong capital inflows, the cryptocurrency market may enter a new phase of promising prospects, attracting both retail and institutional investors at the same time.
Summary
The surge in whale addresses holding between 1K to 10K ETH, and their record-high ETH holdings, is a clear signal of growing interest from large investors. This increases the likelihood of long-term price appreciation in the cryptocurrency market, opening up profit opportunities for smart investors.
Source: https://tintucbitcoin.com/ca-map-eth-mua-vao-dinh-cao-2018/
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