Crypto Dan
Whales are entering the cryptocurrency market
There has been a recent surge in the amount of UTXOs ranging from 1,000 to 10,000 bitcoins. These amounts are more likely to be related by whales or institutional investors rather than individuals, and particularly since the recent approval of Bitcoin spot ETFs, they have been increasing sharply. While not yet as significant as the latter part of the bull market in 2021, it's evident that a considerable number of whales and institutions are entering the market. Generally, in bull markets, after a significant influx of institutional investors, new individual investors enter the market, marking the end of the bull run.