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Analyst: Whales Lock in Substantial Profits in Past Year, But Strong Demand from New Entrants Supports Market Growth
Summary: According to CryptoQuant analyst Axel, large holders have locked in substantial profits over the past year. The supply of whale addresses holding over 1000 bitcoins has decreased by 502,000 coins, while institutional investors' demand has supported market resilience and continued growth. Essentially, over the past year, we have consistently observed strong demand from new entrants ...
According to CryptoQuant analyst Axel, large holders have locked in substantial profits over the past year. The supply of whale addresses holding over 1000 bitcoins has decreased by 502,000 coins, while institutional investors' demand has supported market resilience and continued growth. Essentially, over the past year, we have consistently observed strong demand from new entrants for tokens.
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Link: Analyst: Whales Lock in Substantial Profits in Past Year, But Strong Demand from New Entrants Supports Market Growth [Copy]
