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Data: Bitcoin whales have accumulated more than 30,000 BTC in the past five days

Cryptocurrency analyst Ali revealed that data shows in the past five days, Bitcoin whales have accumulated over 30,000 BTC, worth about $1 billion. According to IntoTheBlock data, institutional investor trading activity is also increasing, with the number of Bitcoin transactions worth over $100,000 reaching its peak within 2023. Analysis suggests that the current Bitcoin market value to realized value (MVRV) ratio is about 150%, while the historical peak was over 300%, indicating that there is still some room for the market to operate.

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