Analysis: Whales are continuously increasing their holdings of Bitcoin, with wallets holding between 10 to 10,000 BTC increasing their positions by approximately 41,000 BTC over the past two weeks

The crypto lending platform Nexo has disclosed that the number of wallets holding more than 100 BTC is continuously increasing, indicating that "smart money" is flowing back into the Bitcoin market. Data shows that addresses holding between 10 and 100,000 BTC have accumulated approximately 41,000 BTC over the past two weeks.

Meanwhile, the price of Bitcoin has also surpassed the "True Market Mean" average level of $78,100 for the first time since January this year. Market analysis suggests that the continued accumulation by large on-chain addresses may reflect a rebound in the risk appetite of institutions and long-term holders.