Main page News, Bitcoin

Market data company Santiment has reported that large investors or whales do not stop accumulating Bitcoin.

According to the company's analysts, large Bitcoin investors own 2.2% of the total supply of the leading crypto.

It is not surprising the amount of Bitcoins in the hands of whales is increasing, as the number of such addresses has reached an 11-month high, with May last year being the last time we found ourselves in a similar situation.

They have reported through the company's official Twitter account:

"The percentage of Bitcoin's supply held by whale addresses with 100k or more $BTC has risen from 0.76% 11 weeks ago, to 2.20% today, an 11-month high."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

However, it must be noted that not all figures are on the rise. According to Santiment analysts, the number of BTC addresses with between 1,000 and 100,000 coins has decreased from 42.5% to 39.5% over the same 11 weeks.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.