Chain analytics company feeling identifies an intriguing trend among Bitcoin whales, primarily those with 1,000 to 10,000 BTC and those with 100 to 1,000 BTC. He also revealed a significant increase in Bitcoin whale activity, which has reached its highest level in 20 months, as large whales accumulate.
Chain analytics company feeling identifies an intriguing trend among Bitcoin whales, primarily those with 1,000 to 10,000 BTC and those with 100 to 1,000 BTC. He also revealed a significant increase in Bitcoin whale activity, which has reached its highest level in 20 months, as large whales accumulate.
Furthermore, Santiment highlighted that the most recent five-day period saw the highest number of transactions exceeding $100,000 in value since mid-2022. In particular, the 74,900 100,000 separate transactions in the last five-day period are the most registrations since June 2022.
This demonstrates a clear increase in interest from key stakeholders following Bitcoin’s crossover above $50,000 this week, Santiment stated.
According to Santiment, regardless of the impressive Bitcoin ETF volume, there has been a distinct shift in the amount of BTC supply in portfolios of different sizes.
In 2024 alone, wallets with between 1,000 and 10,000 BTC accumulated 248,900 coins, while those with between 100 and 1,000 BTC shed 151,200 coins.
In dollar terms, large Bitcoin whales holding between 1,000 and 10,000 BTC have added $12.95 billion in BTC, while 100-1,000 BTC wallets reduced their stash by $7.89 billion in BTC in 2024.
Santiment claims that the net difference between these smaller and larger wallets, typically associated with the highest levels of active whales, indicates an estimated $5.06 billion Bitcoin accumulation by large BTC wallets so far this year. anus.
In summary, Bitcoin holders with between 100 and 10,000 BTC have added $5.06 billion in BTC this year.
Bitcoin soared to a more than two-year high on Thursday, pushing its market capitalization back above $1 trillion, as the growing popularity of spot Bitcoin ETFs in the United States boosted investor confidence. .
The flagship cryptocurrency was last up 0.1% at $51,761, according to data from CoinMarketCap. Earlier this week, BTC hit a high of $52,884, the highest level since December 2021.
