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Bitcoin Whales Accumulated Over $2 Billion Since BTC Dipped Below $40,000

Amy Liu

Summary: Bitcoin whales have been buying bitcoin ever since its price dropped below the $40,000 mark last month and have so far accumulated nearly $2 billion. In total, bitcoin whales added around 50,000 BTC to their wallets. According to cryptocurrency analytics firm Santiment, large bitcoin holders with between 100 and 10,00 BTC in their wallets – ...

Bitcoin whales have been buying bitcoin ever since its price dropped below the $40,000 mark last month and have so far accumulated nearly $2 billion. In total, bitcoin whales added around 50,000 BTC to their wallets.

According to cryptocurrency analytics firm Santiment, large bitcoin holders with between 100 and 10,00 BTC in their wallets – between $3.2 million and $328 million in their wallets – started accumulating after the price of BTC hit $37,000 and kept adding coins to their stash even as it recovered to $39,000.

Santiment also pointed out that as BTC whales kept accumulating, smaller investors sold their holdings at a discount. 

By Amy Liu

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