On-chain data shows that the Bitcoin whales' holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year.
On-chain data shows the new whale entrants in the Bitcoin market now hold almost twice as much as the veterans. Here's what could be behind this shift.
Since the beginning of 2024, large Bitcoin holders have accumulated an additional 266,000 BTC.
As the Bitcoin (BTC) price consolidates around $66,500 levels, key on-chain development suggests a strong exchange of hands among the Bitcoin owners. Bitcoin whales are back in action while old hands have been distributing their coins once again.
Led by Ki Young Ju, founder and CEO of CryptoQuant, this revelation unveils a significant shift in Bitcoin ownership dynamics. With short-term holder whales now collectively holding a staggering $110.6 billion worth of Bitcoin, they surpass the $67 billion held by their long-term holder counterparts by almost twofold.
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