Bitcoin Whales Hold Prices: They Bought Heavily Despite Macro Crisis! - Coin Bulletin

Bitcoin (BTC) whales continue to rise from the price dip level, having bought an additional 53.6 thousand BTC in the last 4 weeks, creating a significant impact on the market.

Bitcoin whales, which are addresses holding between 10 and 10,000 BTC, hold 67.77% of the total supply. According to data released by Santiment, these wallets continued to accumulate despite the price fluctuations experienced in April. Since March 22, these addresses have purchased 53,652 BTC more.

Recently, as the price of Bitcoin approaches 85,000 dollars, the accumulation of these large wallets is drawing attention. This movement by the whales may stimulate a greater desire to buy in the market. These wallets, holding a significant portion of Bitcoin's supply, could have a decisive impact on the price.

The accumulation of Bitcoin whales in this way gives clues about the future direction of the market. These large wallets are often seen as long-term investors, which enhances Bitcoin's strength as a store of value.

According to CoinGecko data, Bitcoin has increased by 0.8% in the last 24 hours and is trading at $85,265 at the time this news was written.