Bitcoin Whales on the Move: Number of Large Holders Hits 15-Month High

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The number of whale wallets holding Bitcoin has reached its highest count in 15 months, according to on-chain data. Despite the underwhelming price action of Bitcoin in recent weeks, large holders have been accumulating more Bitcoin, leading to an increase in the total number of whale wallets.

Specifically, the number of addresses holding between 1,000-10,000 BTC has grown by 47 wallets, representing a 2.5% increase in just six days. On the other hand, the number of addresses holding between 100 and 1,000 BTC has decreased by 154 wallets, a 1.1% decline.

Bitcoin currently trading at $43,055 on the daily chart

This accumulation by large holders indicates continued confidence in Bitcoin, although other market factors also influence its price. Analysts have different perspectives on Bitcoin’s future, with some predicting a consolidation period and others suggesting a potential decline. Bitcoin is currently trading at $42,909.

Source: NEWSBTC

Bitcoin Whales on the Move: Number of Large Holders Hits 15-Month High

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Name	Price	24H (%)
Bitcoin(BTC)	$59,816.01	-0.80%
Ethereum(ETH)	$2,686.05	2.35%
Tether USDt(USDT)	$1.00	-0.02%
BNB(BNB)	$517.54	-0.62%
Solana(SOL)	$149.17	-1.01%
XRP(XRP)	$0.58	0.43%
Dogecoin(DOGE)	$0.105983	0.15%
Cardano(ADA)	$0.341225	-0.86%
TRON(TRX)	$0.127056	-1.02%
Shiba Inu(SHIB)	$0.000014	0.64%
Polkadot(DOT)	$4.65	-0.41%
Chainlink(LINK)	$10.60	1.57%
Litecoin(LTC)	$61.22	0.56%
Polygon(MATIC)	$0.428716	1.61%
Monero(XMR)	$149.42	-0.03%
OKB(OKB)	$36.72	0.33%
ApeCoin(APE)	$0.61	1.04%