Whales have been accumulating Bitcoin heavily on the dip
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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.
📈 #Bitcoin $BTC Number of Addresses Holding 10k+ Coins just went above 100.
Current value: 100
View metric:https://t.co/iHq1NPfawI pic.twitter.com/elQPVeT2jS
— glassnode alerts (@glassnodealerts) June 25, 2022
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.
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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.