Analysts: Over the past year, BTC Whales have locked in considerable profits, but the strong demand for new funds getting on board has supported the market's continuous rise.

BlockBeats news, on July 31, CryptoQuant analyst Axel released data on social media stating that over the past year, large holders have locked in substantial profits. The supply of Whale addresses holding over 1000 Bitcoins has decreased by 502,000 coins, while institutional investor demand has supported market resilience and continued rise. Essentially, we have continuously observed strong demand for Tokens from new entry funds over the past year.

BTC-2.12%
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