According to Ki Young Ju, CEO of CryptoQuant, the overall balance in whale wallets has soared to about 1.97 million BTC, marking an impressive 813% year-to-date (YTD) growth.
These new whale wallets now control 9.3% of the total BTC supply, which is worth approximately $132 billion. This level of accumulation is compared to institutional investors acquiring a large stake in a company, reflecting their belief in Bitcoin’smarket resilience.
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