CryptyQuant Report: bitcoin mega-whale increasing its holdings at a rate of 6.3% per month, the fastest rate since April 2023
CryptyQuant reports that the Bitcoin mega-whale is increasing its holdings of Bitcoin at a rate of 6.3% per month, the fastest pace since April 2023, signaling rising demand for Bitcoin.CryptoQuant reports that Bitcoin prices may take longer to bottom out and begin a new round of gains as liquidity growth in the stablecoin still hasn't fully unfolding. Stablecoin liquidity is necessary for the price to rise.
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