According to a prominent analysis firm, deep-pocketed Bitcoin traders are consuming massive amounts of BTC.
Santiment, in a post published on social media platform X says that the number of wallets containing at least 100 BTC have increased dramatically over the past 30 days.
Bitcoin whales have increased in numbers as crypto prices are letting retail traders down. In just one month, a net increase of +283 BTC-holding wallets has been recorded. “The 16,120 wallets that are now on the network represent a new 17-month record.”
Santiment says Bitcoin sharks or those holding 10 BTC are also loading up the crypto-king.
The analytics firm also says that Bitcoin whales, or sharks, have added $7.863 Billion worth of BTC in just one single month.
Ali Martinez, an on-chain crypto analyst, tells his 69.800 followers via the social media platform X, that Bitcoin exchange supply has taken a huge nosedive since BTC fell below $60,000.
It seems that some big players have bought into the Bitcoin drop! Santiment’s data on the chain shows a drop of 40,000 BTC in supply, which is equivalent to $2.40 Billion. “This coincides with an increase in the outflow of exchanges!”
Bitcoin was trading at $59,000 as of the time this article is written, a slight decrease from yesterday.
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This article Whales and Sharks gobble up over $7,863,000,000 Bitcoin as ‘impatient’ traders drop their holdings: Santiment first appeared on The ICD.
