Editor's PiCK
"Bitcoin Whale and Shark Wallets Add 53,000 BTC Despite Market Volatility This Month"
Minseung Kang
Summary
- It was reported that whale and shark investors who hold large amounts of Bitcoin are consistently buying Bitcoin despite market volatility.
- These wallets, which account for 67.77% of the Bitcoin supply, have been analyzed to have added about 53,600 BTC since last month.
- Despite market volatility, their continuous accumulation of Bitcoin is evaluated to show the confidence of long-term investors.
An analysis has emerged that 'big hand' whale and shark investors, who hold large amounts of Bitcoin (BTC), have been aggressively purchasing more Bitcoin despite market volatility.
On the 19th, on-chain data platform Santiment stated via X (formerly Twitter), "Shark and whale wallets holding between 10 and 10,000 Bitcoins account for approximately 67.77% of the total Bitcoin supply," adding, "They have net purchased about 53,600 BTC since the 22nd of last month."
Santiment evaluated, "Despite the increased market volatility this month, these wallets are continuously accumulating Bitcoin," and added, "The cumulative buying trend of whale wallets demonstrates the confidence of long-term investors."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
