Whales seem to show a higher interest in BTC compared to the statistics from May.
Related: Whales have gained highest amount of ETH since July 2016
Data shows that the number of coins held by whale entities reached its peak since May, going up to 4.216 million from 80.000. Whales are considered the addresses controlled by a single network participant that possesses between 1.000 and 10.000 bitcoins.
The number of wealthy investors also reached a 3-week high of 1922.
This is a good indicator for BTC, which shows that although there was a major selloff recently, whales still tend to increase their holdings.Currently, Bitcoin trades at about $34.700. Its market cap stands at $652.3 B, and market dominance is 44,64%. The BTC price has increased by 1.78% over the last 24 hours. For now, $34.000 is its support level and $36.000 the resistance level as the coin faces difficulty to break above it.