Over the weekend, Bitcoin broke through the level of $ 35,000 since the largest investors (holders of digital assets), who are called whales in the crypto space, bought 60,000 bitcoins.
The main cryptocurrency increased by 5% on Saturday and Sunday for the first time in several weeks.
According to certain data from the analytical company Santiment, 60,000 bitcoins were bought by the whales within a day.
It is clearly noticeable on the chart that the whales are currently accumulating large positions. The main bitcoin holders have accumulated more than 100,000 coins over the past six weeks.
The increase in bitcoin prices, which is actually equivalent to the accumulation of bitcoins by whales, corresponds to the recent decline in the complexity of mining. Last week, the complexity of mining fell to 28%. This was the largest adjustment in history.
The demand for bitcoins is growing constantly, while China continues to impose bans on mining.
Based on CNBC's earlier reports, when it conducted a survey from different fields with a request to describe their vision of cryptocurrencies after 50 years, many of the respondents replied that traditional finance will most likely be replaced by cryptocurrency due to the efficiency of transferring payments abroad with minimal costs and delays. As for bitcoin specifically, it is possible that it will become the reserve currency of the world or the next AOL, which has made many people rich until it is replaced by more advanced technologies.
