Holdings of bitcoin (BTC) by some of the largest whales in the ecosystem have dropped to its lowest level in 29 months, as the macroeconomic backdrop has continued to worsen and put pressure on the bitcoin price.
The latest decline in whale holdings means that this key metric to watch has now fallen for 11 months in a row, reaching 45.72% of the circulating BTC supply – a level not seen since April of 2020.... Read More: Bitcoin Whale Holdings Plummet to 29-Month Low – Has BTC Bottomed Out?