Bitcoin Whales Increase Their Stake as Exchange Reserves Shrink

[MUGNIA]

The fundamental factors supporting Bitcoin’s bullish prospects have continued to gain momentum over the weeks. On-chain data shows that the unprecedented records of whales buying up Bitcoin is causing a supply shock.

High-net worth individuals, also known as whales, are creating intense pressure on the demand for Bitcoin.

Bloqport has revealed that the number of Bitcoin holders with more than 1,000 BTC just increased. Since the beginning of the year, more than 200 new addresses have crossed this threshold.

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