Bitcoin whales added 71,000 BTC during last week’s market drop

Odaily News According to IntoTheBlock data, Bitcoin whale addresses increased their holdings of 71,000 BTC, worth about $4.3 billion, when the price fell to $54,200 on July 5. In addition, CryptoQuant data shows that Bitcoin whales are currently hoarding Bitcoin at the fastest rate (calculated on the 30-day MA) since the collapse of several local banks in the United States in April 2023. CryptoQuant analyst Minkyu Woo added: "This shows that Bitcoin's bottoming may be about to be completed." (Cointelegraph)