Bitcoin (BTC) whales are on the rise after a recent price dip, having purchased an additional 53,600 BTC over the last four weeks. This significant accumulation is impacting the market.
Bitcoin whales—defined as addresses holding between 10 and 10,000 BTC—control 67.77% of the total supply. Data from Santiment shows that these wallets have continued to increase their holdings despite the price fluctuations that occurred in April. Since March 22, these addresses have acquired an additional 53,652 BTC.
As the price of Bitcoin approaches the $85,000 mark, the accumulation by these large wallets