Posted 3/12/2024, 5:29:00 AM
Bitcoin Hits $72K But Millionaire Wallet Growth Slows, Profit Taking Possible
- Bitcoin price has risen 70% this year to over $72,000, but millionaire wallets are growing at a slower pace than in 2020-2021 bull run
- Fewer than 2,000 bitcoin millionaire wallets created daily now vs over 4,000 per day previously
- Slower pace could mean bull run still in early stages and pace of inflows yet to peak
- Large whales may be taking profits as BTC hits new highs or storing holdings with custodians
- Indications some investors looking to take profits near record highs
