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According to a recent article on Bloomberg, a large number of Bitcoin Portfolios (BTCs) that have remained dormant over the past few months have seen a huge wave of overall activity over the past 30 days, signaling that we may be involved in some major market movement in the coming days.
The aforementioned report is based on data obtained from Flipside Crypto (an analysis company) and has been certified by Coinbase, one of the world's largest cryptocurrency exchange platforms.
More on the question
As for the Flipside people, a large number of inactive BTC holders have recently started moving their digital holdings (over the last month or so) on various platforms. To be even more specific, these individuals represent around 60 percent of the total current supply of BTC at the moment.
Regarding the issue, Eric Stone, head of data science at Flipside, said:
"It's definitely a big change – it's more potential than usual for price fluctuations."
In addition to all this, it is also worth mentioning that a similar action was recorded even before the major monetary expansion of BTC in 2015 and 2017 (a time when the premier altcoin had reached a huge price of $ 20,000).
More details It is worth noting
According to Flipside CEO David Balter, many long-time BTC owners who have been inactive for a while are responsible for this latest movement. He also added:
"Although these individuals remain inactive for so long, we have no reason to expect them to remain stagnant for another 2 years."
Final take
As many of our regular readers might remember, just last month Chainalysis, a blockchain research firm, published a study showing that the 32 largest Bitcoin portfolios in the world currently represent a huge number of BTC global supply tokens (which it is estimated at around $ 3.7 billion).
Not only that, the company's data also highlight the fact that many of these so-called whales (1/3 of them) are actually active operators, who have "a network exchanged against the herd, buying a price drop".
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