simultaneously goes in the opposite direction. That said, the increase in the Bitcoin supply on these balances has been going on the longest since May.
This data correlates nicely with information previously presented by Santiment, where spikes in the trading volume of stablecoins preceded the fall in cryptocurrencies' prices. At the moment, however, trading volume has been rising steadily since July, which could mean an increasingly strong compression of the"spring."Since Bitcoin whales began actively gaining positions, the price of the cryptocurrency has risen by over 5.5%, but at one point, the growth was nearing 7%. The main question now is whether the buyer will be able to break out and consolidate above the $20,500 level.
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