According to Clemente New Bitcoin Whales Are Entering the Market

According to on-chain data analyst William Clemente, new Bitcoin whales are entering the market.

In his latest email newsletter, Clemente stated that the number of new users on the Bitcoin network is at an all-time high, and used the following statements: "Let's first take a look at this chart that shows the net growth of new users or 'assets' on the Bitcoin network. The growth in new users is currently at an all-time high. More than 50,000 new 'entities' are joining the network per day." [caption id="" align="alignnone" width="1164"] Source: Glassnode[/caption]   Saying that whales are accumulating BTC again with retail investors, Clemente suggested that the trend in question has accelerated this week and that whales have purchased approximately $2.2 billion worth of BTC. Clemente said: “Individual investors have been buying heavily for weeks, but we have finally seen the rise we expected in whales. We saw 17 new whales on the blockchain this week. The total assets of whales also increased by 65 thousand 430 BTC.” Clemente, who also analyzed the BTC inflows and outflows on the exchanges, stated that the amount of Bitcoin on the exchanges decreased by 17,800 BTC this week. The analyst said that the chart he created using the amount of Bitcoin in the pipes and Bollinger Bands has created a “buy” signal for the first time in more than three months. The signal is created by taking into account when coins are transferred to or withdrawn from exchanges.