whale addresses holding between 100 and 100,000 coins have acquired a total of 319,310 BTCs over the past three months.According to the on-chain data provider, most of these coins have come from wallets holding between zero and 100 BTCs. This cohort of BTC investors distributed around 105,260 BTCs from their holdings over the 90-day period.
Coin accumulation from this category of BTC investors has occurred despite its recent headwinds and the significant resistance faced at the $70,000-price level. In fact, BTC was trading at $68,026, at the time of writing, logging a 3% price decline over the last seven days. Funding rates are a mechanism used in perpetual futures contracts to ensure the contract price stays close to the spot price.
Source: Digital Coin News (digitalcoinnews.net)
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