우민규 Woominkyu2023-03-25

Market movers' activities

Recently, the movement of the 10K+ UTXO value bands when Bitcoin was below its "realized price" has been interesting. This movement was similar to what happened during March and April of 2020 when the coronavirus pandemic occurred, which could be interpreted as whales accumulating a significant amount of Bitcoin. Based on past examples, this group typically buys when the price is low and sells when the price is high, so it's always worth keeping an eye on their UTXO movements.