Curious $230M Worth of BTC Transaction From Dormant Whales: Implications on Bitcoin’s Price?
3 dormant Bitcoin whale addresses moved 6,500 BTC ($230M) after 6 years of inactivity.
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.
Santiment determined that there are currently 156,660 wallets holding 10 to 10,000 BTC.
Bitcoin wallet address amasses $3 billion worth BTC in 3 months to become the 3rd largest wallet address.
Investors holding at least $2.9 million worth of bitcoin have purchased 27,755 BTC between mid-May and now.