Bitcoin

<p>There has been a historic rise in the number of large ‘shark’ and ‘whale’ Bitcoin wallets holding at least 10 BTC since February 2022, <a href="https://twitter.com/santimentfeed/status/1712980821395784067?s=20" target="_blank" rel="noopener noreferrer nofollow">according</a> to on-chain analytics firm Santiment.</p>
<p>Over the past 20 months, 11,806 more addresses now hold 10+ BTC – an 8.12% total increase.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="674" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-1024x674.png" alt="" class="wp-image-356014" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-1024x674.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-300x197.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-768x505.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-1536x1010.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-2048x1347.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-228x150.png 228w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-532x350.png 532w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382-788x518.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-382.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p><a href="https://twitter.com/santimentfeed/status/1713310542084133269?t=JY1z9k6VHeN4dz3U05dGsw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">In another report</a>, Santiment also revealed that Bitcoin saw another huge whale accumulation day recently. 16 more wallets now hold between 100-1,000 BTC, correlating with smaller wallets ‘graduating’ into larger tiers of holdings.</p>
<p>As key long-term stakeholders continue acquiring more Bitcoin, the argument for a bullish future outlook gets stronger according to analysts. This ongoing accumulation from whales and other large holders represents a vote of confidence in Bitcoin from influential market participants.</p>
<p>The recent growth in these large holder addresses points to strengthened hands that are focused on the long-term investment thesis. With more whales joining the Bitcoin ecosystem and accumulating sizable positions, it signals enduring bullish conviction in Bitcoin’s future potential.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-the-swelling-ranks-of-bitcoin-whales-is-a-bullish-sign-as-whale-btc-accumulation-reaches-new-heights/">Why the Swelling Ranks of Bitcoin Whales is a Bullish Sign as Whale BTC Accumulation Reaches New Heights</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why the Swelling Ranks of Bitcoin Whales is a Bullish Sign as Whale BTC Accumulation Reaches New Heights

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