Analysts: Wallets holding over 10,000 BTC have significantly increased their holdings since early March, providing strong support for the market

ChainCatcher message, CryptoQuant analyst BlitzzTrading stated: "Historical data shows that the price of Bitcoin has never fallen below the average cost of wallets holding over 10,000 BTC. Even during bear markets, the average cost of such wallets has provided support.

Since March 3, we have observed that wallets holding over 10,000 BTC have made significant purchases, with the current average cost at $39,874. Even if we enter a bear market, the $39,874 level can serve as a good support level."