Reported about 11 hours ago
A notable transition in the Bitcoin market is occurring as large holders, known as whales, have sold more than 500,000 Bitcoin, valued at over $50 billion. This trend has been coupled with increasing demand from institutional investors, including ETFs and corporations, which now control approximately 25% of all Bitcoin. As volatility decreases and Bitcoin stabilizes within a trading range, many believe the cryptocurrency's identity is evolving from a speculative asset to a more stable investment option, akin to traditional dividend stocks. However, the shift raises concerns about potential risks if whales resume large-scale selling.
Source: YAHOO