Bitcoin: Whales count counters the norm, but what does BTC get in return

May 16, 2023

By Victor Olanrewaju

Read Bitcoin’s [BTC] Price Prediction 2023-2024

• The number of whales has increased since the last halving cycle.

• BTC’s value might soon drift away from the red.

According to Glassnode, there has been a major change in Bitcoin’s [BTC] whale trend over every cycle. On 15 May, the on-chain analytic platform mentioned that the number of whales in this cycle had increased, instead of decreasing as it has been over each Epoch.

The Epoch in the Bitcoin context is used to describe the difference between one halving and another. For context, the halving is a four-year event where Bitcoin miners get rewards for sustaining the block creation on the network.  

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