The growth of the number of bitcoin wallets of institutions has started again with 100 to 1000 coins

The growth of the number of bitcoin wallets of institutions has started again with 100 to 1,000 coins

The chart provided by Golsnood shows that bitcoins stored in wallets are increasing by 100 to 1,000 coins.

Institutions are buying more bitcoins

The Golsoon chart, shared by the chief investment officer of Moskov Capital, shows that the number of Bitcoin wallets holding 100 to 1,000 BTC has risen again after falling slightly in April.

Lex Moskowski explains that wallets in the 100-1000 bitcoin range show that financial institutions use a specific protocol to store funds on platforms such as CoinBase, BitGo, and so on.

Lex also explained that CoinBase keeps funds in its wallets and divides them into categories of 100 to 120 bitcoins. He believes that this resumption of growth is good news for Bitcoin.

Earlier, U.Today reported that an unprecedented amount of Bitcoin - 12,234 BTC - had been withdrawn from the CoinBase exchange, which was probably done by institutions.

Bitcoin active addresses have reached a 3-month high

According to a recent tweet from Golsnood, the number of active Bitcoin addresses (seven-day average) has risen to a three-month high of 65,659.

The highest similar rate was detected on February 9, at 65,525 addresses.

Altcoins that have attracted the attention of whales during the recent market downturn

Altcoins that have attracted the attention of whales during the recent market downturn

Experts from the analytics company Centiment tracked the number of "whale-scale" wallets on Altcoin's large networks and found that over the past week, four digital currencies have received special attention from whales.

Polygon (formerly Matic Network), Ren (REN) digital currencies were aggressively bought from the Ren, Cyber ​​Network (KNC) and Binancecoin(BNB) protocols at the Bainance digital currency exchange.

Analysts interpret the trend as a clear indicator of whales' confidence in the positive short-term and medium-term outlook for these popular altcoins.

As previously reported by U.Today, China Link Whales (LINK) are also steadily increasing their positions despite short-term price fluctuations.

In total, buyers have invested more than $ 2.37 billion in digital currency exchanges to buy digital currencies. According to Glassnode, this is the second significant Tetra liquidity flow in the history of digital currencies.

Dogecoin (DOGE) and Ripple (XRP) had the worst performance among the top 20 currencies in terms of market value during the recent sudden collapse.

Meanwhile, Shiba Inu tokens have risen 13.3% and Monroe (XMR) 9.4% in the last 24 hours.