There was a generational shift among these large investors of Bitcoin., especially during periods of high volatility.
Over the last week, BTC has seen a notable concentration of long positions on major exchanges, forming large liquidation pools. Bitcoin has also shown resilience when examining technical indicators. The cryptocurrency has managed to maintain its position above the bull market support band for another week.
New whales have invested $108 billion into Bitcoin, while older whales hold $113 billion since its inception.This shift suggests that new money is entering the market, which could push the price of BTC higher over time, though the market remains unpredictable.On the on-chain metrics side, Bitcoin’s active address count has recently seen a resurgence after an 11-month downtrend.