[Lunch Briefing] Bitcoin whale holdings reach highest level in 4 years

Domestic major virtual assets are showing mixed results. At 1pm on the 13th, Bitcoin (BTC) is trading at 95,183,000 won on Bithumb, down 2.87% from the previous day. Ethereum (ETH) fell 2.93% to 4,941,000 won. Tether (USDT) was traded at 1,411 won, up 0.71% from the previous day, and Binance Coin (BNB) was traded at 857,000 won, down 3.22%. Solana (SOL) fell 4.55% to 214,000 won.

The international market is also mixed. At the same time, on CoinMarketCap, BTC recorded $67,523.43, up 0.18% from the previous day. ETH was traded at $3507.65, down 0.05%. USDT fell 0.01% to $0.9998, and BNB fell 0.09% to $607.54. SOL was trading at $151.59, up 1.26%.



The total market capitalization of virtual assets is $2.45 trillion (approximately KRW 3366.2631 trillion), an increase of $1.39 trillion (approximately KRW 1,909.8391 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.Me is in the 'greed' state at 70 points, down 2 points from the previous day.

The holdings of Bitcoin whales with at least 1,000 BTC have reached their highest level in four years.

According to a Bitfinex report on the 12th (local time), the amount of Bitcoin held by Bitcoin whales over the past two months broke the previous record and reached an all-time high in 2020.

Bitfinex analysts analyzed, “The rapid accumulation speed of whales along with the bullish trend of Bitcoin is reminiscent of the bull market before 2020.” He then predicted that “Bitcoin will go on an upward trajectory again,” based on increased daily ETF purchases, reduced selling pressure from long-term holders, and increased liquidity due to interest rate cuts.

Reporter Lee Yeon-ju

juya@rni.kr