Crypto News

Willy Wu: “Whales” mass buy bitcoins from the beginning of 2020

From January 2020 there is a steady increase in purchasing activity “bitcoin whales” or big holders of the cryptocurrency. This dominant trend indicated a well-known analyst Willie Woo.

In the tweet he posted in which he submitted a schedule of activation of the “whales” who bought bitcoins even during a pandemic COVID-19. The expert said that it uses the data service Glassnode, and “whales” are players owning 1,000 or more BTC.

Such dynamics inevitably lead the largest cryptocurrency in taking new heights, I’m sure Woo. In addition to the “whale” since the beginning of year accumulation deal and retail investors.

In April Glassnode analysts published a report stating that from mid-March in the network of bitcoin has dramatically increased user activity. The number of addresses, often making operations for the month soared from 6000 to 17 000.

The number of transactions on the platform BTC is growing ahead of a reduction in the rewards miners (halving), the researchers said.

Parallel to the burgeoning bitcoin miners. According to Messari, from mid-March, Hasrat BTC gained 25% and is very close to 120 EH/s. Experts predict that the computing power in the network will grow in the coming days.

Source:

coinspot.io

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