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Bitcoin Whale Addresses Hit New Height Since Aug 2019

Yiran Dai

Summary: CoinDesk reported that by April 29, the seven-day moving average of the number of “Bitcoin Whale,” addresses that hold 10k+ BTC, increased to 111, a new height since Aug.2, 2019.

CoinDesk reported that by April 29, the seven-day moving average of the number of “Bitcoin Whale,” addresses that hold 10k+ BTC, increased to 111, a new height since Aug.2, 2019. Since early March, the number of Bitcoin Whale addresses has climbed up by over 11%.

The report attributed the growing number to the upcoming halving in less than two weeks and the rising instability of fiat money caused by the COVID-19 pandemic.

However, as the report stated, the expansion of Bitcoin Whale addresses did not indicate an inflow of new whales, since one investor could hold more than one address.

By Yiran Dai

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