Bitcoin reclaims $28.2k, whales show excitement by...
, which occurred over the weekend. However, other factors such as whale behavior also impacted BTC’s price. According to Glassnode’s data, the accumulation of BTC by whales over the last few months grew consistently.
Despite the high concentration of BTC held by whales, retail investors have shown the same level of interest in terms of accumulating BTC as the whales.However, miners may not show the same enthusiasm for BTC despite the rising prices of Bitcoin. According to BTC.com, miner revenues have plummeted from $41.74 million to $29.01 million over the past month. Coupled with that, the difficulty of Bitcoin mining has continued to increase materially in the same period.
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