Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows
Newbie Bitcoin whales are consistently buying about 200,000 BTC weekly despite a recent price stagnation. On-chain data shows these short-term holder (STH) whales, new to Bitcoin or those holding for less than 155 days, maintain strong demand. This trend, even after a decline post-all-time high (ATH), indicates significant market activity which includes purchases resulting from the introduction of spot exchange-traded funds (ETFs).
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