Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry

Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days. After testing the $31,000 support on June 8, top traders’ optimism faded, and even the recent $41,000 high was unable to boost their expectations.

Read more

Institutional Investment May Be Behind Boom in Bitcoin Whale Wallets | Crypto Briefing

Key Takeaways

From Jan. 1 to Dec. 31, 2020, the number of wallets with over 1,000 BTC grew 6.9%.
The number of wallets with over 1,000 BTC grew 7.6% in the last 30 days alone.
The data helps strengthen the case many analysts are making for a prolonged bull run.

Read more

Bitcoin Wallets With 1,000+ BTC Break All Time Highs – BeInCrypto

Although Bitcoin seems to have somewhat stabilized around the $30,000 to $35,000 range, institutional and high net worth individuals are not done with it yet.

Glassnode, an on-chain metrics and exchange flow analysis platform, tweeted new bitcoin data on Jan. 16.

Read more