The number of wallet addresses holding between 100 to 1,000 Bitcoin is now rising! It’s a positive signal for the whole market!
The number of wallet addresses holding between 100 to 1,000 Bitcoin is now rising!
As the market recovers, a Bitcoin whale is buying more of the leading cryptocurrency. Its wallet has accumulated 806 BTC in the last seven days, as Bitcoin’s price has risen beyond $31,000.
This whale’s wallet holds the largest number of Bitcoin after Binance and Bitfinex crypto exchanges. The whale made the following purchases, according to data from crypto-tracking portal BitInfoCharts:
- 86 BTC worth $2.47 million on May 27th
- 481 BTC worth $14.15 million on May 26th
- 77 BTC worth $2.28 million on May 25th
- 162 BTC worth $4.72 million on May 24th
The big whale spent more than $23.6 million in total to accumulate 806 BTC. The whale’s BTC stack is valued more than $25.4 million at the time of writing.
The whale had accumulated a net of 3,315 BTC throughout the first three weeks of May before to last week’s aggregate buy of 806 BTC. During the month of May, the wealthiest non-exchange Bitcoin wallet acquired a total of 3,821 BTC.
Santiment, a crypto analytics business, stated last week that the number of addresses holding 100 to 1,000 BTC is increasing.
“As Bitcoin continues treading water at $29,600, the amount of key whale addresses (holding 100 to 1,000 BTC) continues rising after the massive dumping from late January. We’ve historically seen a correlation between price & this tier’s address quantity.”
According to Santiment, the number of Bitcoin whale addresses has increased from a low in January of this year.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Hazel
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Bitcoin
The number of wallet addresses holding between 100 to 1,000 Bitcoin is now rising! It’s a positive signal for the whole market!
The number of wallet addresses holding between 100 to 1,000 Bitcoin is now rising!
As the market recovers, a Bitcoin whale is buying more of the leading cryptocurrency. Its wallet has accumulated 806 BTC in the last seven days, as Bitcoin’s price has risen beyond $31,000.
This whale’s wallet holds the largest number of Bitcoin after Binance and Bitfinex crypto exchanges. The whale made the following purchases, according to data from crypto-tracking portal BitInfoCharts:
- 86 BTC worth $2.47 million on May 27th
- 481 BTC worth $14.15 million on May 26th
- 77 BTC worth $2.28 million on May 25th
- 162 BTC worth $4.72 million on May 24th
The big whale spent more than $23.6 million in total to accumulate 806 BTC. The whale’s BTC stack is valued more than $25.4 million at the time of writing.
The whale had accumulated a net of 3,315 BTC throughout the first three weeks of May before to last week’s aggregate buy of 806 BTC. During the month of May, the wealthiest non-exchange Bitcoin wallet acquired a total of 3,821 BTC.
Santiment, a crypto analytics business, stated last week that the number of addresses holding 100 to 1,000 BTC is increasing.
“As Bitcoin continues treading water at $29,600, the amount of key whale addresses (holding 100 to 1,000 BTC) continues rising after the massive dumping from late January. We’ve historically seen a correlation between price & this tier’s address quantity.”
According to Santiment, the number of Bitcoin whale addresses has increased from a low in January of this year.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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