Glassnode data shows that the Bitcoin supply stored in the 100-1,000 wallet range started to Increase again which is bullish for Bitcoin. Lex Moskovski, CIO of Moskovski Capital expounded that the 100- 1,000 range of Bitcoin wallets is an indication that financial institutions are storing funds in a particular order on custodial platforms, like Coinbase, BitGo.

Coinbase for example stores Bitcoin in lumps of 100 to 120.

Author: mBRzeVZxHo

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