On-chain data aggregator IntoTheBlock has reported that while the cryptocurrency market has been hit by massive FUD, the largest Bitcoin whales continue to accumulate the world’s flagship digital currency no matter what.
On-chain data aggregator IntoTheBlock reported that while the cryptocurrency market has been hit by massive FUD, the largest Bitcoin whales continue to accumulate the world’s flagship digital currency no matter what.
This has happened while other large whales were dumping large amounts of BTC.
Biggest Whales Earn 500 Million Bitcoin
According to a recent statement from IntoTheBlock, the number of the largest Bitcoin wallets has increased to reach the highest peak since May of this year. These wallets in total hold 0.1% of the total Bitcoin supply. On Monday, they accumulated another 7,130 BTC, which is equivalent to $436 million.
That’s not the only recent major Bitcoin purchase they’ve made. reported by Akrhamthe German government continues to sell BTC. Earlier today, this entity transferred 400 Bitcoins to major cryptocurrency trading platforms Coinbase and Kraken. This amount of BTC is valued at approximately $24.34 million.
However, the first transfer to exchanges took place last week, when the German government sent a staggering 1,700 BTC to Coinbase, Bitstamp and Kraken.
Yuri MolchanBitcoin price falls below $60,000
On Monday, the world’s leading digital currency shocked the market when it suddenly suffered a major drop, dropping from $62,680 to the $59,220 area. This was the peak of the massive outflows that were recorded from Bitcoin over the past week. According to a recent report from CoinShares, a whopping $630 million worth of BTC was withdrawn.
Today, Bitcoin has made a successful attempt to recover some of its losses and recovered to $61,152, where it is trading at the time of writing.
