Bitcoin Whales Accumulate 71,000 BTC
Bitcoin sharks and whales have accumulated 71,000 more BTC in the last three weeks, indicating high confidence, according to on-chain analytics firm Santiment.
Despite boring price action with Bitcoin trading sideways, 71,000 BTC were added by addresses holding 10 to 10,000 BTC, according to Santiment.
“Bitcoin’s sharks and whales aren’t showing any signs of slowing down, even with prices beginning to get ‘boring’ in this $30k to $31k range. Since June 17, 10 to 10k BTC addresses have accumulated 71,000 more coins, equating to $2.15 billion,” Santiment tweeted.
According to on-chain analytics firm Glassnode, following the announcement of the BlackRock Bitcoin ETF request on June 15, the share of Bitcoin supply held/traded by US entities has increased significantly.
(With inputs from Shikha Singh)
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