🐋 Tracking the footprints of Bitcoin “whales”: What are the OGs calculating?
According to the latest report from CryptoQuant, the veteran Bitcoin investor group (those who have held BTC for over 5 years) is showing signs of increased on-chain asset rotation activity.
A quick look at the notable figures:
🔹 The average amount of BTC moved over the past 90 days has reached 1,500 BTC.
🔹 This figure has doubled compared with the average recorded in May.
What does this mean?
In a market full of volatility, these long-time “players” often tend to rebalance their portfolios. It’s worth noting that moving BTC is not necessarily a sign of selling pressure; it may simply mean they are optimizing security or transferring to safer storage wallets.
Usually, any move by the OG group is the precursor to major waves. Is this going to be a large-scale profit-taking event, or just a storage reorganization step?
👉 Follow the channel or leave a comment to discuss, everyone! — Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#BTC #Bitcoin #Crypto #CryptoMarket #Trading $BTC
According to the latest report from CryptoQuant, the veteran Bitcoin investor group (those who have held BTC for over 5 years) is showing signs of increased on-chain asset rotation activity.
A quick look at the notable figures:
🔹 The average amount of BTC moved over the past 90 days has reached 1,500 BTC.
🔹 This figure has doubled compared with the average recorded in May.
What does this mean?
In a market full of volatility, these long-time “players” often tend to rebalance their portfolios. It’s worth noting that moving BTC is not necessarily a sign of selling pressure; it may simply mean they are optimizing security or transferring to safer storage wallets.
Usually, any move by the OG group is the precursor to major waves. Is this going to be a large-scale profit-taking event, or just a storage reorganization step?
👉 Follow the channel or leave a comment to discuss, everyone! — Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#BTC #Bitcoin #Crypto #CryptoMarket #Trading $BTC