bitcoin
Bitcoin (BTC) $ 21,106.00
ethereum
Ethereum (ETH) $ 1,232.80
tether
Tether (USDT) $ 0.99933
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 242.87
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.338224
cardano
Cardano (ADA) $ 0.473407
solana
Solana (SOL) $ 38.84
dogecoin
Dogecoin (DOGE) $ 0.070611

Bitcoin whales bought bitcoins worth $1.5 billion in last ten days

The whales chose not to get rid of the coins amidst the bitcoin price fall, but to increase their investments in crypto. Over the past ten days, they have bought about 40,000 BTC.


According to the analytical platform Santiment, whales increased their investments in cryptocurrency by 40,000 BTC over the past 10 days. Within the last five weeks, their assets have grown by 130,000 BTC.

According to Santiment analysts, whales holding between 100 and 10,000 BTC acted in opposition to the panic that gripped small retail investors due to the fall in cryptocurrency prices in May.

Whales buy bitcoins with an eye to long-term storage. This is indirectly evidenced by data on the input and output of bitcoins from crypto-exchanges. According to CryptoQuant, investors are withdrawing bitcoins from exchange accounts again. This indicator showed a constant decline from the summer of 2020 to November 2020, reaching a local minimum and holding that level until May 2021. After the fall in the rate, some investors rushed to reintroduce coins to exchanges in order to sell them.

Share:

Leave a Reply

Your email address will not be published.

Recent Highlights

USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 21,106.00
ethereumEthereum (ETH)
$ 1,232.80
tetherTether (USDT)
$ 0.99933
xrpXRP (XRP)
$ 0.338224
litecoinLitecoin (LTC)
$ 51.81
dogecoinDogecoin (DOGE)
$ 0.070611
bitcoinBitcoin (BTC)
20.367,82
ethereumEthereum (ETH)
1.189,68
tetherTether (USDT)
0,964378
xrpXRP (XRP)
0,326395
litecoinLitecoin (LTC)
50,00
dogecoinDogecoin (DOGE)
0,068141
bitcoinBitcoin (BTC)
17,484.63
ethereumEthereum (ETH)
1,021.28
tetherTether (USDT)
0.827865
xrpXRP (XRP)
0.280192
litecoinLitecoin (LTC)
42.92
dogecoinDogecoin (DOGE)
0.058496

Recent Highlights