Big Bitcoin Investors Are Buying in Masses

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Big Bitcoin Investors Are Buying in Masses


According to a report by analytics firm Santiment, the number of wallets holding at least 100 Bitcoins (BTC) has increased significantly over the past 30 days. With the addition of 283 new wallets, the number of holders of more than 100 Bitcoins has increased to 16,120. This figure represents the highest number of Bitcoin whales in the past 17 months. Additionally, Bitcoin whales and sharks (owners of at least 10 Bitcoins) have added a total of 133,300 Bitcoins worth $7.863 million to their holdings. Meanwhile, retail investors are selling their assets. Citing sentiment data, one analyst reported a drop in exchange inventory of 40,000 Bitcoins in the 48 hours after the price dropped below $60,000.

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