Bitcoin Accumulates Strongly as Number of 10K BTC Addresses Soars
Whales have accumulated a lot of Bitcoin on the decline
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Analytics agency Glassnode reported that the number of BTC addresses containing 10,000 Bitcoins has reached 100.
At press time, 10,000 BTC is worth $213,313,000 according to the current Bitcoin to USD exchange rate.
Current value: 100
— glassnode alerts (@glassnodealerts) June 25, 2022
As covered by U.Today earlier this week, Bitcoin miners have been selling off their BTC in droves lately, struggling to break even and pay off their loans and cover other expenses.
At the same time, whales are actively buying Bitcoin, as wallets containing 10-10,000 Bitcoin have increased in number over the past two weeks. As for addresses containing 10,000 BTC and above, their amount has increased since February this year.