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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