Major Bitcoin Holders

Major Bitcoin holders continue to increase their activity, building up coin reserves, while traders with less capital, experiencing pressure with increasing volatility and short-term price drops, are reducing long positions. According to some analytical reports, the number of Bitcoin wallets holding 100 BTC and more has reached a 17-month high following an increase in holder numbers over the last month. At the same time, wallets containing at least 10 Bitcoins have also increased their reserves.

Technical Perspective

From a technical perspective, the price remains at previous levels and is being maintained above the $55000 mark. With growing quotes, the nearest significant target will be to update the recent local maximum in the region of the $64900 level.