Whales have been accumulating Bitcoin heavily on the dip

According to Glassnode, the number of BTC addresses that hold 10,000 Bitcoin has spiked to 100. At press-time, 10,000 BTC is worth $213,313,000 in accordance with the current exchange rate of Bitcoin against the USD.

Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

Earlier this week, Bitcoin miners have been selling their BTC heavily as late, striving to break even and pay for their loans and cover other expenses.

At the same time, whales have been buying Bitcoin actively as wallets holding from 10 to 10,000 Bitcoins have surged in number in the past two weeks. As for addresses that contain 10,000 BTC and more, their amount has increased since February this year.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like