LATEST: Bitcoin Whales Continue to Grow Their Bitcoin Stash Amid Price Volatility

In the face of recent market turbulence, Bitcoin (BTC) whales have displayed unwavering confidence in the cryptocurrency. Crypto analyst Ali Martinez has reported that despite a recent price correction that briefly pushed Bitcoin below the $40,000 mark, large holders of BTC have been actively increasing their holdings.

Martinez’s analysis revealed that approximately 67 new entities now own 1,000 BTC or more, marking a significant 4.50% increase in holdings within a span of just two weeks. This development comes on the heels of a market correction that sent shockwaves through the crypto landscape.

Interestingly, 80% of Bitcoin holders are currently in a profitable position, indicating that most investors have weathered recent market turbulence successfully. The accumulation of BTC by whales during this uncertain period highlights a divergence in sentiment between institutional and retail investors. While retail traders may have been nervous, institutional players see it as an opportunity to increase their exposure to Bitcoin.


81.8K Reads