• Established Bitcoin holders, known as 'old whales,' are transitioning their holdings to institutional investors, altering market dynamics.
• Bitcoin price could rise by 10% to $77K if it remains above $70K.
• BTC's 24-hour trading volume has increased by 25% to $42.392 billion.

The activity in the Bitcoin market has attracted interest due to noticeable changes in ownership patterns. Data from on-chain transactions reveals that long-standing Bitcoin holders, referred to as 'old whales,' are transferring their assets to new institutional investors, indicating a shift in how the market operates.

Notably, this movement of Bitcoin is occurring between these significant holders, known as 'whales,' rather than being dispersed widely among individual investors. Additionally, a chart provided by analyst Axel Adler Jr., as shared by CryptoQuant CEO Ki Young Ju, illustrates the changing dynamics between various investor categories.

The chart specifically examines the supply and demand trends among new and established Bitcoin investors over an extended period...

The article "Market Dynamics Shift as Bitcoin Old Guard Transfers Wealth to New Whales Amid $70K Surge" was first published on Coin Edition website.