Bitcoin mining difficulty has reached an all-time high, requiring more computational power. In July, Bitcoin whales made significant purchases amounting to $5.4 billion. This activity signals strong confidence in Bitcoin's long-term prospects despite recent market fluctuations.
The increased mining difficulty reflects the growing complexity of the Bitcoin network, which often coincides with higher computational requirements and operational costs. The bullish sentiment among whales suggests optimism about Bitcoin's price and future adoption.
Overall, the actions of Bitcoin whales, alongside rising mining difficulty, indicate a robust and enduring interest in Bitcoin.
