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$BITCOIN HOLDERS MOVING BIG : NUMBER OF WHALE WALLETS REACHES HIGHEST COUNT IN 15 MONTHS
Bitcoin, the largest crypto asset, is currently at a standstill from the viewpoint of many investors considering current market factors. The crypto mostly traded between $41,000 and $45,500 last week after recovering from a brief dip below $40,000 on January 23.
Although the price action has been underwhelming, on-chain data indicates that large holders have been adding more to their wallets, bringing the total number of wallets to the highest it has been in 15 months. At the same time, the holding pattern indicates smaller whales have been adding to their holdings to join the next tier of holders.
LARGE HOLDERS ACCUMULATING...
It would seem Bitcoin holders have been making moves to push the cryptocurrency up, as indicated by the increasing number of whale wallets. According to on-chain analytics platform Santiment, the number of Bitcoin addresses holding between 1,000-10,000 BTC, saw an increase of 47 more wallets representing a 2.5% growth, in six days. Consequently, the number of addresses in this tier reached 1,958 on February 1st, its highest point since November 2022.
ROBERT KIYOSAKI ADVISING INVESTOR TO LOOK UP THE $BTC HALVING PRODUCTION, HE CLAIM IT WILL UPTREND TO $150K
ALWAYS DYOR AND NFA 💪💪🤝🤝🛫🛫