Bitcoin Whales Expand Presence Across Major Address Ranges

Large Bitcoin holders are exhibiting distinct expansion patterns across various address ranges, according to a recent analysis by Joao Wedson. Wedson segmented addresses by BTC holdings and found that those with between 100 and 1,000 BTC have experienced significant growth. This trend suggests major Bitcoin investors are showing increased activity in this range.

Wedson's previous work has focused on market risks for Bitcoin, including the possibility of liquidation pressures pushing the price below $57,000. He also tracked developments in the meme coin sector, noting that Dogecoin traded near a historic undervaluation based on the CVDD Channel.