Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent.\u00a0One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions.<\/p>\n
It is a nearly inescapable fact that many have used to their advantage. One can analyze the data in order to get an edge over their fellow investors and users.<\/p>\n
Noted on-chain analyst Willy Woo<\/a> made this much clear, recently saying that Bitcoin<\/a> data is printing a “macro bullish sign.”<\/p>\n Citing data from Glassnode, Willy Woo on May 5th noted that the population of large Bitcoin holders (1,000+ coins) has increased strongly since January’s lows. This indicates these users have been in “solid accumulation mode,” which is a “macro bullish” trend:<\/p>\n “Whale population spotted increasing in the wild. They’ve been in solid accumulation mode since January unperturbed by the COVID crash. This is macro bullish,” Woo said in reference to the chart below.<\/p><\/blockquote>\n #whalebreedingseason<\/a> Whale population spotted increasing in the wild. They've been in solid accumulation mode since January unperturbed by the COVID crash. This is macro bullish.<\/p>\n Whales are entities holding 1000 BTC+, data by @glassnode<\/a> pic.twitter.com\/6HLFapIfNe<\/a><\/p>\n — Willy Woo (@woonomic) May 6, 2020<\/a><\/p><\/blockquote>\nBitcoin Whales Are Accumulating At Rapid Clip<\/h2>\n
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