CryptoOnchain2023-07-01

Increase in spending output in wallets owned by whales

Bitcoin is technically below the resistance level. In this situation, we see an increase in spent output in wallets with 1 to 100 bitcoins, which can indicate an increase in sales by these investors. The biggest increase can be seen in wallets with 10 to 100 bitcoins, which after the increase of the last few days to about 36,170 bitcoins, are currently around 28,000.