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The price of Bitcoin has barely evolved last week, but other signs indicate a growing activity on the network. June 5 Bitcoin Exchanged approximately $ 104,300, down 0.50% in 24 and down 2.5% in the last seven days. However, the data show that more people join the network and that other parts have passed.
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Portfolio creation
According to SimpleOn May 29, nearly 557,000 new portfolios appeared. It was the highest number since December 2023. This means that thousands of people open portfolios even if the price remained just under $ 105,000.
People are normally opening new portfolios to send and receive bitcoins, but they somehow meet the idea thanks to new sources, an increase in discussions with friends or create a simple curiosity. In any case, an increased portfolio indicates much wider use.
Bitcoin chain activity experienced a sharp increase this week while its price oscillates just below $ 105,000:
May 29: 556 830 NEW $ BTC portfolios created (the highest since December 2, 2023)
June 2: 241,360 circulating pieces (the highest since December 8, 2024)
Growth in a network … pic.twitter.com/2dxknvxrkt
– Santiment (@santimentfeed) June 5, 2025
Increase in the movement of tokens
On June 2, more than 241,360 BTC changed hands. This has been considered the busiest day since December 2024. Santiment reports suggest that the high part of parts generally coincides with an increase in traffic.
Merchants could move parts in and out of exchanges, or investors could move portfolios. Large swings in the daily tokens movement can indicate a change of feeling – people prepare to buy or sell.
Currently, it seems that more users are sending parts, which occupies the network even when the price is.
Large holders intervene
Intotheblock data show that major holders – often called “whales“- Flexible storage. Their parts have jumped 145% in the last seven days and 214% in the last 30 days.
When the big players take care of it, they can tighten the supply of exchanges. This makes it more difficult for new buyers to penetrate without driving the price. If the whales continue to buy at this rate, it could cause more upward pressure on the price once everyday investors are involved again.
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Average level investors buy
It is not only the very large holders who add parts. Portfolios holding between 10 and 10,000 BTCs added more than 79,000 BTCs in just one week. This means that these mid -level holders have picked around 11,320 BTC per day on average.
As of June 2, they owned more than 13 million BTC in total. When large whales and these intermediate level supports continue to build, it further reduces the number of pieces floating on exchanges. Fewer available parts often mean that any change of demand could move prices.
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