Number of People Holding Lots of Bitcoin Surges in Rare 'Whale-Spawning Season'

Number of People Holding Lots of Bitcoin Surges in Rare ‘Whale-Spawning Season’

Large investors continue to accumulate bitcoin, possibly putting upward pressure on the cryptocurrency’s price. The number of whale entities – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 bitcoin – rose to a new record high of 1,994 on Wednesday. The previous peak of 1,969 reached in 2016 …

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