Climbing number of addresses with 1K BTC

By Juris Formaran | Less Trade Trader | 25 Aug 2020

Today, Bitcoin's price dropped below $11,400.

The bad news for weak hands is:

The number of addresses with 1000 or more $BTC is approaching a new all-time high.

For me, this means that whales and institutional investors are accumulating for the next bull run.

They want to buy it at a cheaper price.

If you are a long-term investor, Just HODL!

What are your thoughts?

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Juris Formaran

Juris Doctor, Financial Management Degree Holder, Entrepreneur, Investor and Trader

Less Trade Trader

As a trader and investor, We always need a strategy. A strategy that is simple, dynamic, and profitable. It must also applicable to your conviction in trading and personal circumstances. In order to create your own strategy in trading, a trader or investor must: 1. Learn it 2. Trade it 3. Earn from it 4. Repeat it. My blog will provide news, information, learning, and insights about cryptocurrencies to help you devise a strategy.