Big Bitcoin Addresses Bought 18,000 BTC in 2 Weeks

Whale Bitcoin (BTC) accounts, which hold between 100 and 10,000 coins, have boosted their holdings of digital assets in the past two weeks. According to Santiment’s on-chain data, the addresses mentioned, which include institutional crypto holders, have bought more than 18,000 BTC since April 10.

In terms of value, the large addresses have added nearly $750 million worth of Bitcoin to their existing wallets. BTC Millionaire addresses now account for over 48% of the total bitcoin supply in circulation. Despite the reason why the recent boom has been observed across the Bitcoin whale network, the total cryptocurrency holdings of BTC whales have decreased significantly compared to October 2021.

“Bitcoin whale addresses holding 100 to 10k BTC have collectively collected 18,104 BTC since the April 10 price drop to below $40k. However, their holdings are still significantly lower since October 2021. Meanwhile, purchasing power looks USDT is promising.”

Earlier this month, the circulating supply of Bitcoin reached 19 million BTC. Amidst the market volatility, the movement of the world’s most valuable digital assets across the chain has increased. Recently, a BTC millionaire account sent 5,100 coins worth over $200 million to an unknown wallet.

Bitcoin network activity

Despite a jump in whale transactions, BTC network activity, including active Bitcoin addresses and number of transactions, has remained on the lower side over the past two weeks, mainly due to its lower price. BTC has also faced challenges in its weekly crypto streams as institutional players withdraw investments worth $73 million in BTC products.

However, network activity related to Ethereum shows a contradictory picture. “Ethereum address activity has really spiked this week, with Wednesday’s 592K address counting the most unique interactions in over a month. Meanwhile, ETH social discussions reached their highest level in more than two months.” highlighted In a recent tweet.

Whale Bitcoin (BTC) accounts, which hold between 100 and 10,000 coins, have boosted their holdings of digital assets in the past two weeks. According to Santiment’s on-chain data, the addresses mentioned, which include institutional crypto holders, have bought more than 18,000 BTC since April 10.

In terms of value, the large addresses have added nearly $750 million worth of Bitcoin to their existing wallets. BTC Millionaire addresses now account for over 48% of the total bitcoin supply in circulation. Despite the reason why the recent boom has been observed across the Bitcoin whale network, the total cryptocurrency holdings of BTC whales have decreased significantly compared to October 2021.

“Bitcoin whale addresses holding 100 to 10k BTC have collectively collected 18,104 BTC since the April 10 price drop to below $40k. However, their holdings are still significantly lower since October 2021. Meanwhile, purchasing power looks USDT is promising.”

Earlier this month, the circulating supply of Bitcoin reached 19 million BTC. Amidst the market volatility, the movement of the world’s most valuable digital assets across the chain has increased. Recently, a BTC millionaire account sent 5,100 coins worth over $200 million to an unknown wallet.

Bitcoin network activity

Despite a jump in whale transactions, BTC network activity, including active Bitcoin addresses and number of transactions, has remained on the lower side over the past two weeks, mainly due to its lower price. BTC has also faced challenges in its weekly crypto streams as institutional players withdraw investments worth $73 million in BTC products.

However, network activity related to Ethereum shows a contradictory picture. “Ethereum address activity has really spiked this week, with Wednesday’s 592K address counting the most unique interactions in over a month. Meanwhile, ETH social discussions reached their highest level in more than two months.” highlighted In a recent tweet.

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