BTC demand indicators weaken... Whale Holding Growth Slows

BTC demand indicators weaken... Whale Holding Growth Slows

“Most indicators of Bitcoin (BTC) demand are showing weakness,” Cointelegraph analyzed. “The monthly growth rate of whales' BTC holdings slowed to 1%, compared to 6% in February,” the media outlet noted. Typically, BTC prices rise when this indicator is above 3%. In addition, inflows into US BTC spot ETFs on a monthly basis also decreased compared to March.” “However, BTC holdings by long-term holders are increasing sharply compared to the previous quarter. Despite the overall slowdown in demand for BTC, long-term holders continue to accumulate BTC.”

blockchain crypto cryptocurrency Bitcoin whale holing growth slows (SpotedCrypto)