Analysis: Whale Continues to Accumulate Bitcoin, 10-100K BTC Wallets Increase Holdings by About 41K BTC in Two Weeks

BlockBeats News, May 3, the cryptocurrency lending platform Nexo revealed in a post that the number of wallets holding over 100 BTC is continuously increasing, indicating that "smart money" is flowing back into the Bitcoin market.

Data shows that addresses holding between 10 and 10,000 BTC accumulated approximately 41,000 BTC over the past two weeks. Meanwhile, the Bitcoin price has for the first time since January this year surged above the "True Market Mean" average price level of $78,100.

Market analysis believes that the ongoing accumulation by large on-chain addresses may reflect a resurgence in institutional and long-term holders' risk appetite.