Ancient Bitcoin Whales Drive Slow Price Growth, Influencing Market Trends

Bitcoin’s current price stagnation has sparked interest in the influence of early investors known as ‘whales.’ Analysts like Willy Woo highlight these long-term holders’ impact on market liquidity, leading to slower price growth despite recent volatility. Their historic low-cost investments and current selling behavior create a demand for fresh capital, affecting Bitcoin’s sluggish growth trajectory.