New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

New Bitcoin whales, or large holders, have emerged, significantly increasing their holdings and outpacing established investors in a competitive $6 billion supply battle. These new entrants have accumulated over 200,000 BTC since the beginning of 2023, indicating a shift in market dynamics. Meanwhile, older Bitcoin holders have been selling off portions of their assets, leading to a notable decrease in their overall supply. This trend highlights the growing influence of new investors in the cryptocurrency market and their potential impact on Bitcoin's price and stability.

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