Bitcoin Whales Accumulate Billions in 2024

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.