Whales Buy, Smaller Holders Sell
Bitcoin’s largest holders are aggressively buying up the cryptocurrency, while smaller whales are selling. Wallets holding between 1,000 and 10,000 BTC have added $12.95 billion worth of Bitcoin in 2024, while wallets holding 100 to 1,000 BTC have sold $7.89 billion.
Large Transactions Surge
The number of large Bitcoin transactions worth over $100,000 spiked last week after Bitcoin broke above $50,000. This suggests increased interest from major investors.
Whales Accumulating
The net difference in Bitcoin holdings between smaller and larger wallets indicates that whales have accumulated an estimated $5.06 billion so far this year.
Current Market
Bitcoin is currently trading at $52,415, up over 1.50% in the last 24 hours.
