Bitcoin (Bitcoin) Due to a large number of transactions returning to the exchange, whales have once again become the focus of attention this week.

data Data from the on-chain analysis platform CryptoQuant on December 24 shows that, relatively speaking, the whale is increasing its influence as a potential seller.

Action station when Bitcoin climbs to $51,000

According to CryptoQuant’s exchange whale ratio indicator, the proportion of large capital inflows from exchanges to total capital inflows is currently at a one-year high.

As BTC/USD rose to $51,000 overnight on Thursday, the inflow increased significantly, which means that large investors may plan to profit at the high end of Bitcoin’s current range.

A CryptoQuant analyst warned: “It is best to be vigilant before BTC breaks through $51,000.”

“Once we exceed this level, the next major resistance will be around $56,800.”

although doubt, Bitcoin managed to maintain its high level until Friday, which previously formed a key Sand middle line The bullish sentiment has returned.

Do you mind the influx?

At the same time, whales are not new potential sellers. As Cointelegraph Report Earlier this month, larger investors differed from smaller retail investors in their buying behavior.

CryptoQuant and others have confirmed that this is still the case. On the contrary, exchange withdrawals reflect a “peak accumulation” similar to the previous September breakthrough to the all-time high of $69,000.

#Bitcoin 100-1K wallets keep accumulating, and the supply controlled by them repeatedly hits ATH.

Not that it will definitely be parabolic like the year before, but it certainly looks like this. pic.twitter.com/d9qnA0VEeA

-Lex Moskovski (@mskvsk) December 24, 2021

related: Missed the hot crypto stocks of 2021?The data shows that you only need to buy Bitcoin and Ethereum

Miners too insist Their reserves of newly issued tokens from large subsidies are now at a six-month high.

“Miners own more BTC than when BTC was $69,000. In fact, they added back all the BTC that they had allocated since the drop of $69,000,” the author Venture Founder famous.