Bitcoin Whales Accumulate Over 64,000 Coins Since April 11th
According to reports, Santiment tweeted that since Bitcoin made a profit of over $30000 on April 11th, Bitcoin whales have quietly accumulated again. Starting from this day, with t
According to reports, Santiment tweeted that since Bitcoin made a profit of over $30000 on April 11th, Bitcoin whales have quietly accumulated again. Starting from this day, with the fluctuation and slight decline of Bitcoin prices, addresses holding 100 to 10000 Bitcoins have increased their holdings by a total of 64094 Bitcoins.
Since April 11th, addresses holding 100-10000 BTCs have increased their holdings of over 64000 Bitcoins
In early April, Bitcoin made headlines when it soared over $30,000 in profits. A recent report from Santiment, a blockchain data analysis firm, has revealed that since the peak on April 11th, large Bitcoin holders known as “whales” have been quietly increasing their holdings once again.
The Increase in Bitcoin Holdings
Santiment reported that since April 11th, addresses holding between 100 to 10,000 Bitcoins have increased their holdings by a total of 64,094 Bitcoins. This accumulation only highlights the continued trust and interest in Bitcoin, despite its volatile nature.
The report also indicated that the number of addresses holding between 1,000 to 10,000 Bitcoins has increased by 4.6%, while those with 100-1,000 Bitcoins have increased by 3.4%. Furthermore, the number of smaller Bitcoin holders with 1-100 Bitcoins has decreased, suggesting a shift towards larger investors.
Why Are Whales Accumulating?
The reasons for Bitcoin whales accumulating more coins are unknown, but it’s not uncommon for whales to take advantage of market changes in order to increase their holdings. Some speculate that the whales are positioning themselves for a price surge, while others suggest that they are simply taking advantage of short-term market fluctuations.
Regardless of the reason, the accumulation does suggest that the whales have faith in Bitcoin’s long-term potential and are willing to invest large sums to capitalize on its success.
The Impact on Bitcoin’s Price
The increase in Bitcoin holdings by whales may potentially impact Bitcoin’s price in the near future. As whales accumulate more coins, it may lead to a decrease in the circulation of available coins, resulting in scarcity and ultimately higher prices.
However, it’s important to note that the price of Bitcoin is notoriously volatile and can fluctuate greatly in a short period of time. It’s impossible to predict the exact impact that the whale accumulation will have on the price, but it’s likely to be a factor in upcoming market trends.
Conclusion
The recent accumulation of Bitcoin by large investors suggests that confidence in the cryptocurrency remains high. As Bitcoin continues to prove itself as a viable investment opportunity, it’s likely that more and more investors will flock to it.
However, due to the volatile nature of the market, it’s important to approach Bitcoin investment with caution and careful consideration. The accumulation of Bitcoin by whales may impact the price of the cryptocurrency, but ultimately nobody knows for sure what the future holds.
FAQs
1. What are Bitcoin whales?
Bitcoin whales are large cryptocurrency holders who possess a significant percentage of the total available Bitcoin.
2. How does Bitcoin pricing work?
The price of Bitcoin is determined by supply and demand in the market, with the price fluctuating based on how much people are willing to pay for it.
3. Is Bitcoin a good investment?
As with any investment, there are risks involved with investing in Bitcoin. However, many investors believe that due to its decentralized nature and limited supply, Bitcoin has the potential to continue rising in value over time.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/19266/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Growth of Bitcoin Network: A Look at the Recent Report from Bitfinex
According to reports from Bitfinex, the Bitcoin network has grown by nearly 1 million new addresses. Buying BTCs belongs to the non zero balance category. After falling to about 43
-
Angle Protocol Issues Post-Hacker Attack Protocol Overview
On March 15th, it was reported that the decentralized stable currency protocol, Angle Protocol, had prepared a detailed overview of the post Euler Finance hacker attack protocol based on the information on the chain. Among them, the affected USDCs were approximately $17.52 million, and the total value of the tokens held by the DAO (including agEUR) was approximately $19.59 million. The team is closely monitoring the situation and working with the authorities to provide all assistance it can provide to investigate the hacker attack, The update will be shared as soon as it is received. Angle Protocol: The USDC affected by hacker attacks is approximately $17.52 million, and the DAO still holds nearly $20 million in tokens Analysis based on this information:Angle Protocol, a decentralized stable currency protocol, recently released an overview of the post Euler Finance hacker attack protocol, which was based on the information extracted from the blockchain. The attack had a significant impact on the company, with…
-
The Rising Popularity of ARB: A Closer Look at its Largest Wallet Addresses
On March 29, Twitter user The Data Nerd monitored that the address starting with 0xb154 had transferred 5 million ARBs from Coin An yesterday. Currently, the address has more than
-
ESPR Buys Century-Old Castle After Receiving Donation
On February 28, according to Forbes, ESPR, a Czech non-profit educational organization and effective altruistic group, bought a century-old castle in the Czech…
-
Cryptocurrency Investment by Fund Managers in Hong Kong
According to reports, Michael Wong, a partner at De Jie Law Firm, stated that since the issuance of guidelines by the Hong Kong Securities and Futures Commission (SFC) in 2019, 10
-
Giants Innovation Hub launched a 50 million euro venture capital fund, focusing on blockchain, Web3, and other fields
It is reported that the investment institution Giants Innovation Hub has announced three new plans, namely, Giants Esports Lab, Giants Media 4 Equity, and Giants Venture Capital. T
-
ZenGo Creates NFT Hacker Attack Detector
According to reports, according to the team behind the encrypted wallet ZenGo, they created an NFT hacker attack detector in a simple way, which includes track…
-
What is Red Coin Money (What is Red Money Term)
What is Red Coin Money, Red Coin Money, originally known as the \”father of bloc
-
**Gary Gensler and SEC’s Effort Towards Efficient and Trustworthy Market**
According to reports, Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), stated on social media that during his two-year service with the regulat
-
What’s Beyond Bitcoin? (Does Bitcoin Have a Future?)
What\’s beyond Bitcoin? Today marks the tenth anniversary of the birth of Satosh
-
Polkadot Ecology Launches Ink! – A Funding Program for Smart Contract Ecosystem
According to reports, according to PolkaWorld, Polkadot Ecology has announced the launch of ink! The funding program aims to further develop ink! The smart contract ecosystem (such
-
Illinois to implement cryptocurrency regulations in line with New York
It is reported that the US state of Illinois will follow the example of New York to develop a cryptocurrency regulatory system, requiring cryptocurrency compan…
-
BTC Falls Below $27,000: How to Control Risks in a Volatile Market
According to reports, the market shows that BTC has fallen below $27000 and is currently trading at $26993.8, with a intraday decline of 3.56%. The market is volatile, so please do
-
Israel’s Hexa Raises $20.5 Million in Round A Funding for its 3D Yuan Universe Asset Management Platform
It is reported that Israel\’s 3D yuan universe asset management platform Hexa announced the completion of a round A financing of US $20.5 million, with the part…
-
Aave V1 Offline Plan: A Proposal for Rate Strategy Implementation
On April 13th, the snapshot voting page showed that the Aave community will start voting on the ARFC proposal for the \”Aave V1 offline plan\” at 18:00 today. The proposal proposes t
-
Andrew Kang Holds $8.26 Million Long Position on GMX Platform
On March 15, it was reported that Andrew Kang (0xe8c19db00287e3536075114b2576c70773e039bd), founder of the derivatives agreement GMX platform Giant Whale and Mechanism Capital, currently holds a long position with a net worth of approximately $8.26 million on the platform, and the collateral value at the time of opening is approximately $6.4 million. Andrew Kang currently holds a long position of over $8.26 million in GMX Analysis based on this information:Andrew Kang, the founder of derivatives agreement platform Giant Whale and co-founder of investment fund Mechanism Capital, was reported to have a long position on the GMX platform worth $8.26 million as of March 15. This means that Kang is betting on the value of an asset, likely a cryptocurrency, to increase in price over time. The collateral value at the time of opening this position was approximately $6.4 million, indicating that Kang likely utilized some form of collateral to secure his position. The GMX platform allows traders to enter into long…