Despite a 4% intraday decline in the cryptocurrency market due to geopolitical tensions, on-chain data shows that the number of addresses holding more than 100 Bitcoins has reached a record high. BlackRock has been continuously buying Bitcoin for several days, totaling 9,615 coins (worth $635 million), highlighting strategic accumulation by whales during the sell-off. Although Tether's market cap has decreased in relation to Bitcoin's recent correction, this week the US M2 money supply surged to $22.45 trillion, along with an additional $1 billion in stablecoin liquidity, which is restoring market support and laying the foundation for a potential rebound in Bitcoin in the second half of the year. Whales are leveraging market volatility as an entry point.
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Despite a 4% intraday decline in the cryptocurrency market due to geopolitical tensions, on-chain data shows that the number of addresses holding more than 100 Bitcoins has reached a record high. BlackRock has been continuously buying Bitcoin for several days, totaling 9,615 coins (worth $635 million), highlighting strategic accumulation by whales during the sell-off. Although Tether's market cap has decreased in relation to Bitcoin's recent correction, this week the US M2 money supply surged to $22.45 trillion, along with an additional $1 billion in stablecoin liquidity, which is restoring market support and laying the foundation for a potential rebound in Bitcoin in the second half of the year. Whales are leveraging market volatility as an entry point.