Top BTC Whales Set Three-Year Record
The largest Bitcoin (BTC) holders category continues to grow in power even as fear is returning to cryptocurrency markets.
Even they, however, are unsure of the price dynamics of the biggest cryptocurrency’s next moves. the most 10+ BTC whale prints in three years Since September 2020, there have been a maximum number of on-chain Bitcoin (BTC) addresses holding at least 10 Bitcoins (BTC) each.
Whale-driven accumulation reached a three-year high of 157,324 wallets on September 2, 2023, according to Glassnode Alerts. The number of whales has been steadily growing since early March 2022, while the metric was growing parabolic during price crashes like Terra and FTX. The wave of optimism after the Grayscale/SEC decision announcement led to a rapid 7.7% Bitcoin price upsurge, but it vanished in just two days. Uncertainty dominates whale behavior in this category.
(With inputs from Shikha Singh)
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