📊 Long-term stocks of bitcoin whales reached a record 14.3 million BTC
The amount of bitcoins held by investors for more than seven years reached a record high of 14.3 million BTC. Since the beginning of the year, the indicator has grown by 422,430 BTC/ At the moment, there is a steady tendency to accumulate on the part of major players, which accordingly reflects their confidence in the prospects of the asset.
The share of bitcoin among hodlers has been gradually increasing since 2016. The volume of coins on the balance sheets of public companies with portfolios of at least 1000 BTC has also been steadily increasing since 2020.
In the third quarter, companies purchased more than 25 billion dollars worth of cryptocurrency for their own reserves. 54% of the indicator fell on $ETH . $BTC is in second place and $SOL is in third place.
We see that ETH has taken the lead and everything is going on within the cycle - BTC - flow to ETH - flow to ETH and alt - flow from ETH and BTC to alt - alt season - end of the cycle.
