Bitcoin rebounds! Whales returning boost the market!
After Bitcoin quickly rebounded from falling below $75,000 at the beginning of this month, today (25th) it briefly surpassed $94,000. On-chain data shows that large investors are returning funds and actively accumulating Bitcoin, injecting vitality into the market.
According to Glassnode's "Accumulation Trend Score," whales are buying heavily, with wallets holding over 10,000 Bitcoins accumulating a score as high as 0.90, indicating strong buying pressure. The overall score for small and medium-sized investors also reached 0.50, showing the spreading strength of buying pressure.
Meanwhile, Crypto Quant data shows that the amount of Bitcoin flowing out of centralized exchanges has reached a nearly two-year high, indicating that investors are more inclined to hold for the long term, reducing selling pressure and further supporting Bitcoin's upward trend.
In addition to Bitcoin, SOL is seizing the potential of the retail-favorite meme sector! This has created a new wave of memes, and those with spare cash are daring to layout some promising meme coins early. Among them, meme coins related to Trump are particularly popular, especially the Hero Dog Co nan, which is backed by Trump's strong IP and an active community. With a market cap of just about $7.4 million and the number of holders exceeding 12.1K and continuing to grow, it has great potential to become a dark horse in the bull market!
If everyone wants to gain further understanding of the entire cryptocurrency circle's development and the meme sector, feel free to join the discussion at Meme交流區!
$SOL $SUI $BNB
