LATEST: Large Bitcoin Wallets Expand Holdings to Six-Year High

Over the past six weeks, Bitcoin wallets containing more than 10,000 coins have significantly benefited from the recent market fluctuations. Santiment, a behavior analysis platform, reports that these major players have added approximately 212,450 BTC to their holdings. This surge increases their control over an additional 1.05% of the total circulating Bitcoin supply, achieving a peak not seen in nearly six years.

Accumulations have soared to levels exceeding 3.19 million coins, a figure last observed in November 2018. This uptrend suggests that the largest Bitcoin holders are actively buying during price drops, indicating a bullish outlook among these influential investors.

62K Reads