Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High?

Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High?
On-chain data shows the large Bitcoin investors have continued to buy as the coin’s price has been approaching its all-time high (ATH). Bitcoin Investors With 10 to 10,000 BTC Have Expanded Holdings Recently In a new post on X, the on-chain analytics firm Santiment has talked about the latest trend in the supply held by Bitcoin’s key investors: those holding between between 10 and 10,000 BTC. Related Reading: Bitcoin Near ATH, But Still No Extreme Greed: Green Sign For Bull Run? At the current exchange rate, this range converts to $1 million at the lower end and $1 billion at the upper end. Thus, the only investors who would be able to qualify for it would be the ones with substantial holdings. Generally, the influence of any entity in the market goes up the more supply that they control, so the holders belonging to this range would hold an important place in the ecosystem. Collectively, these investors are popularly known as the sharks and whales. Now, here is the chart shared by the analytics firm, which shows the trend in t ..

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