Analyst: BTC Whale has locked in considerable profits in the past year, but strong demand for new capital has supported sustained market growth

According to BlockBeats, on July 31st, CryptoQuant analyst Axel released data on social media stating that large coin holders have locked in substantial profits over the past year. The supply of whale addresses with a balance of over 1000 bitcoins decreased by 502000, while the demand from institutional investors supported the market's resilience and continued growth. Essentially, we have consistently observed strong demand for tokens from new entrants throughout the past year.