TechFlow reports that on October 8, CryptoQuant analyst BlitzzTrading released a research report indicating that since March 3, wallet addresses holding more than 10,000 bitcoins have carried out large-scale accumulation. The average holding cost of these whale addresses is currently $39,874, which could serve as a significant support level for the Bitcoin price.
BlitzzTrading emphasized that historical data shows Bitcoin's price 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 strong support.




