New crypto whales are buying up Bitcoin (BTC) at a faster rate than longer-term holders, according to the chief executive of the blockchain analytics platform CryptoQuant.
Ki Young Ju tells his 343,900 followers on the social media platform X that the new whales’ initial investment in Bitcoin is almost twice the old whales’ cumulative total.
Source: Ki Young Ju/X
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The analytics platform executive defines “new,” short-term holder whales as addresses with at least 1,000 Bitcoin with an average coin age of less than 155 days. “Old,” long-term holder whales hold at least 1,000 Bitcoin with an average coin age of 155 days or more. Young Ju excludes miner and centralized exchange addresses for both.
The CryptoQuant CEO also notes that BTC’s average dormancy recently hit
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