Flipside Crypto: the growing activity of “whales” foreshadows new bitcoin price swings

The head of the Boston startup Flipside Crypto, engaged in analytics on the cryptocurrency market, in an interview with Bloomberg said that, according to the company’s observations, many Bitcoin wallets of large holders of cryptocurrency, so-called “whales”, which have been sleeping for 6-30 months, began in October 2018 active movement of funds.

Now they account for about 60% of all bitcoins in circulation. In general, since the summer of 2018, the number of actively used BTC has increased by 40%.

According to the head of Flipside Crypto Eric Stone, this trend suggests the possibility of a new buildup of Bitcoin prices.

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