tldr; New whale wallets holding over 1,000 BTC have accumulated nearly 2 million Bitcoin, marking an 813% increase year-to-date. This surge in holdings, primarily in wallets younger than 155 days, indicates a shift in Bitcoin accumulation patterns. The new whale wallets now account for 9.3% of the total Bitcoin supply, valued at $132 billion. This trend suggests a potential mass institutional inflow into Bitcoin, with significant purchases occurring during a period of sideways trading, contributing to Bitcoin’s recent price breakout.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kirtash93 on
I am doing my part with my $25.
ShittingOutPosts on
“Whale wallets in this case are all holdings above 1,000 BTC held in one address.”
I imagine many of these are custodial wallets, holding BTC on behalf of many, many individuals. It’s not 100% individuals, or single companies hoarding all of the BTC…yet.
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Meanwhile, I’m here imagining having 1 BTC…
Whales keeeeeeeeeep stacking.
tldr; New whale wallets holding over 1,000 BTC have accumulated nearly 2 million Bitcoin, marking an 813% increase year-to-date. This surge in holdings, primarily in wallets younger than 155 days, indicates a shift in Bitcoin accumulation patterns. The new whale wallets now account for 9.3% of the total Bitcoin supply, valued at $132 billion. This trend suggests a potential mass institutional inflow into Bitcoin, with significant purchases occurring during a period of sideways trading, contributing to Bitcoin’s recent price breakout.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I am doing my part with my $25.
“Whale wallets in this case are all holdings above 1,000 BTC held in one address.”
I imagine many of these are custodial wallets, holding BTC on behalf of many, many individuals. It’s not 100% individuals, or single companies hoarding all of the BTC…yet.
Peak whale accumulation.. must be nice