Glassnode: the number of "whales" of bitcoin has reached a four-year high

The number of “whales” of bitcoin - large investors, owning more 1 000 BTC - reached a four -year maximum simultaneously with the increase in the price of cryptocurrency before $13 000.

Glassnode analysts report, that as of 25 October, the number of "whales" reached 1 939 - Most high indicator since September 2016 of the year. Over the past week, the number of whales increased by 2.2%, And the price of the first cryptocurrency increased by 13%. Bitcoin reached a 13-month maximum and exceeded $13 300 after that, How PayPal announced the addition of support for cryptocurrencies for users from the USA.

Several large companies recently disclosed investment information in BTC, which also could affect the market. Last week, the total dollar cost of crypto acts running Grayscale's trusts for the first time reached $6.5 billion. Of them $5.4 billion concentrated on Grayscale Bitcoin Trust (GBTC). After that, Grayscale invested in cryptocurrencies yet $300 million.

According to BitInfoCharts, The average amount of the BTC transaction in dollars increased six times over the past three months: from $25 000 In July this year before $151 000 As of 20 October. This also indicates the growth of the activity of large investors..

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