Wealthy Investors Increase Bitcoin Assets AgainThus, the number of coins in clusters of "whales", which consist of one or more addresses, controlling in aggregate from 1,000 to 10,000 BTC, increased by more than 80,000 to 4.216 million BTC on Friday. The number of such formations also rose to a three-week high in 1922.
The CEO of the Celsius Network tweeted:
“We will soon see the third and final wave. It will be driven primarily by institutional investors who have entered the $ 20 billion Grayscale bitcoin trust under the influence of FOMO. Hedge funds used margin loans from Genesis Trading platform and others to buy BTC in January / February. The first unlocking of their shares will happen this week. At least $ 5 billion must be pulled from GBTC, which could pull bitcoin back to $ 29,000. "
The Celsius Network CEO is upbeat, suggesting that Bitcoin will move and eventually hit the $ 140,000 - $ 160,000 range before adjusting to $ 90,000 by the end of the year.
