Bitcoin Whales Accumulate $1.8B in BTC, 64K Coins in 2 Weeks

• Bitcoin whales have bought around $1.8 billion in BTC since the recent high above the $30,000 level.
• Data from on-chain analytics firm Santiment shows that these investors are holding a total of 64,000 BTC in the past two weeks.
• The whales took advantage of the rally to sell their tokens and then resumed buying at lower levels after the market hit its peak.

Bitcoin Whales Accumulated 64,000 BTC In Two Weeks

On-chain data from Santiment shows that Bitcoin whales have bought around $1.8 billion in BTC since the recent high above the $30,000 level. This indicates that these big investors are accumulating more of the asset despite its current high price point.

Wallet Groups Indicating Whale Activity

Addresses on the blockchain are divided into wallet groups based on the total number of coins held by each address currently. The relevant cohort for this discussion is wallets with 100-10,000 coins, which corresponds to Bitcoin whale wallets with holdings ranging from approximately $2.8 million to over $200 million respectively. As they can potentially cause significant effects on the market through their movements, tracking their activity is important when trying to gain insight into market behavior.

Recent Whale Behavior

Data from Santiment’s “BTC Supply Distribution” indicator has shown that whale wallets saw a decrease in supply between late March and early April as Bitcoin moved sideways before surging towards its all-time highs above $30K. This suggests that these big holders were likely taking profits during this period by selling off some of their tokens at higher prices before resuming accumulation when prices dropped back down again after peaking out near record levels.

Potential Effects Of Whale Buying

The buying activity seen from Bitcoin whales could be an indication of further bull runs coming soon as they tend to anticipate such moves ahead of time and accumulate more tokens before it happens so they can take advantage of any potential upside when it does occur eventually. It also serves as a reminder for retail traders to watch out for such movements and use them as signals for entering or exiting positions accordingly if possible in order to capitalize on any short term gains available while avoiding losses due to untimely exits or bad entries during corrections or bearish trends respectively.


In conclusion, tracking whale activity is a useful tool for predicting future market moves and enabling traders to make informed decisions about their trading strategies moving forward; however, it should always be used alongside other analysis methods such as technical indicators and fundamental analysis for best results due to its limited scope in terms of providing direct predictive power alone without additional context or confirmation from other sources first hand