With the new 90,000 BTC, the whale brings the total BTC holdings to 9.11 million, or 48.7% of the total BTC supply.
According to Santiment, wallet addresses containing between 10 and 10,000 BTC recently accumulated another 90,000 BTC. This Bitcoin is worth $367 billion.
🐳 #Bitcoin addresses holding between 100 to 10,000 $BTC have accumulated 90,000 more $BTC in the last 25 days. They now hold a 7-week high of 9.11m $BTC, currently worth a total of $366.89 Billion at this time, and 48.7% of the total #Bitcoin supply. https://t.co/5B2qmOW2lg pic.twitter.com/eJVSDlEFc3
— Santiment (@santimentfeed) June 16, 2021
Besides, data from Glassnode shows that miners also seem to be accumulating BTC. Weekly outflows from mining addresses fell to a 5-month low, reaching around $1.7 million on June 16.
Additionally, the number of addresses holding less than 1 BTC has doubled since December 2017, representing about 5% of the Bitcoin market cap.
The response of ‘the little guy’ to the evolution of #Bitcoin as an asset can be seen in the supply distribution.
Entities with < 1BTC (sat stackers) almost own 5% of the supply and have accumulated in four hastened phases.
Live Chart: https://t.co/IujxVGegF9 pic.twitter.com/GU5a6emJBU
— glassnode (@glassnode) June 16, 2021
The cumulative action of miners and whales shows that they are expecting prices to move higher.
On June 15, major money movement tracking platform Whale Alert reported about 5,000 BTC worth more than $200 million being moved out of CoinBase to an anonymous wallet. This move shows that a certain whale has successfully bottomed in the recent drop.
— Whale Alert (@whale_alert) June 15, 2021
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