“Millionaire” whale swallowed 90,000 Bitcoins in the past 25 days

Bitcoin whale is stockpile, “Millionaire” addresses have accumulated about 90,000 bitcoins in the past 25 days, valued at 367 billion U.S. dollars.

Santiment, a crypto market data aggregator, discovered this accumulation. The company discovered that wallets holding 100 to 10,000 BTC — described by Santiment as “millionaire” addresses — are now the largest portion of Bitcoin holders. It currently accounts for 48.7% of the Bitcoin supply.

recent Buying spree In terms of the number of bitcoins held, the millionaire address is at a seven-week high, and the address represents more than 9.11 million bitcoins-only a few percentage points lower than the peak in mid-April.

Miners seem to be accumulating BTC, the on-chain analysis provider Glassnode, Identify On June 16, the weekly outflow of Bitcoin from miner addresses has fallen to a five-month low of approximately $1.7 million.

related: Public companies, trusts and ETPS now control nearly 7% of Bitcoin supply

Looking at the other end of the whale scale, Glassnode pointed out that since December 2017, the share of supply represented by addresses holding less than 1 Bitcoin has doubled, accounting for about 5% of Bitcoin’s market value.

Although many whales and miners seem to Hold their coins in anticipation of higher prices, Transaction monitoring Whale Alert Yes determine Since June 14th, Coinbase has made two transfers of approximately 5,000 BTC or $200 million, which shows that at least some large investors are seeking to trade their bitcoins.