Bullish Case for Bitcoin Grows as BTC Whale Population Tops 3-Year High
Cointelegraph
Published Jun 30, 2020 07:00PM ET
Updated Jun 30, 2020 09:00PM ET
Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish.
The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early Bitcoin investors or wealthy individuals that newly enter the cryptocurrency market but as institutional investors enter the market perhaps the boundaries of the term will expand to include new entities.
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Written By: Cointelegraph
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