Analysis: Big traders continue to grab Bitcoin or trust its value.

A December 31 post by Coindesk identified that prices can be very volatile as major investors still hold on to Bitcoin. The number of whale-watching entities (a group of crypto wallets holding at least 1,000 BTC) has increased by over 16% this year and by 7.3% this quarter alone. The increase in the number of whales has confirmed the view that the growing involvement of major investors is pushing Bitcoin upwards. Sumit Gupta, co-founder and CEO of India's cryptocurrency trading platform CoinDCX, said cryptocurrencies have moved from speculative thinking to macro-investing assets, and much of the change is coming. due to the fact that global organizations and international organizations accept cryptocurrencies. investor.