During the months of Bitcoin's downturn, not only did retail traders leave the market one after another, cryptocurrency funds lost billions of dollars, and even one of the biggest buyers in the market became a seller. Now, investors struggling to find signs that the market is bottoming out are finally seeing a long-lost light: Bitcoin “giant whales” are buying again. According to CryptoQuant's data, large holdings have increased their holdings of about 43,000 bitcoins in the past 60 days, worth about $2.75 billion at current prices. CryptoQuant's statistics exclude exchange and mining pool holdings. According to the data, when the price of Bitcoin recovered to around $60,000, these large holders bought back after several months of sell-off, and the holdings of small accounts known as “dolphins” also grew.

During the months of Bitcoin's downturn, not only did retail traders leave the market one after another, cryptocurrency funds lost billions of dollars, and even one of the biggest buyers in the market became a seller. Now, investors struggling to find signs that the market is bottoming out are finally seeing a long-lost light: Bitcoin “giant whales” are buying again. According to CryptoQuant's data, large holdings have increased their holdings of about 43,000 bitcoins in the past 60 days, worth about $2.75 billion at current prices. CryptoQuant's statistics exclude exchange and mining pool holdings. According to the data, when the price of Bitcoin recovered to around $60,000, these large holders bought back after several months of sell-off, and the holdings of small accounts known as “dolphins” also grew.