Increase in Bitcoin Whale and Shark Accumulation… Surge in Wallets Holding More Than 10BTC
Summary
- According to the on-chain data platform Santiment, the number of whale and shark wallets holding at least 10BTC has hit the highest since March 12.
- Even as retail investors ramp up selling, whales and shark wallets have recently been actively accumulating Bitcoin.
- As of the 26th, Bitcoin is trading in the Binance Tether market at around $106,960, down about 0.5% from the previous day.
Top investors by Bitcoin (BTC) holdings have continued to accumulate Bitcoin despite recent market volatility. Generally, wallets holding more than 10 Bitcoins are classified as 'sharks,' while those holding more than 1,000 are considered 'whales,' both having significant influence on the market's movements.
On the 26th (local time), the on-chain data platform Santiment stated on its official X, "Currently, the number of whale and shark wallets holding at least 10BTC (worth about $1.07 million) has reached the highest level since March 12," adding, "While retail investors have been selling off, these investors have actually been accumulating Bitcoin more actively even amidst recent market turbulence."
Meanwhile, on this day, Bitcoin is trading in the $106,960 range on the Binance Tether (USDT) market, down roughly 0.5% compared to the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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