Large Bitcoin holders have added approximately 41,000 BTC to their wallets over the past two weeks, according to data from crypto lending platform Nexo. This accumulation comes as the number of wallets holding more than 100 BTC continues to increase, signaling renewed interest from "smart money" in the Bitcoin market.
The price of Bitcoin has surpassed the True Market Mean average of $78,100 for the first time since January, reflecting a potential increase in risk appetite among institutional investors and long-term holders. This trend suggests a growing confidence in Bitcoin's market prospects as large on-chain addresses continue to accumulate the cryptocurrency.
Large Bitcoin Holders Accumulate 41,000 BTC as Price Exceeds $78,100
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