Bitcoin Whale Activity Soars, Reflecting Renewed Market Confidence
The activity of Bitcoin whales has surged, accounting for a significant 30% share of the total transaction volume.
The activity of Bitcoin whales has surged, accounting for a significant 30% share of the total transaction volume.
The whale started purchasing BTC when the asset broke above $20,000 for the first time this year.
Retail players are pouring bitcoin into exchanges, but whales not so much.
3 dormant Bitcoin whale addresses moved 6,500 BTC ($230M) after 6 years of inactivity.
According to Santiment, the supply of BTC on exchanges has slipped to 5.73%.
BTC sharks and whales control 13.03M BTC out of the 19.5M circulating as of today.
The top 1% of all Bitcoin addresses currently own almost 19.3 million BTC.
The whale's Bitcoin holdings have increased its USD valuation by over 377% over the years.
The last time the number of BTC whales tapped such a peak was on July 7.
Bitcoin's long-term inactive supply also reached its peak.