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Yuri Molchan

Whales have been accumulating Bitcoin heavily on the dip

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Glassnode analytics agency has reported that the number of BTC addresses that hold 10,000 Bitcoins has spiked to 100.

At press-time, 10,000 BTC is worth $213,313,000 in accordance with the current exchange rate of Bitcoin against the USD.

As covered by U.Today earlier this week, Bitcoin miners have been selling their BTC heavily as of late, striving to break even and pay for their loans and cover other expenses.


At the same time, whales have been buying Bitcoin actively as wallets holding from 10 to 10,000 Bitcoins have surged in number in the past two weeks. As for addresses that contain 10,000 BTC and more, their amount has increased since February this year.

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