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>
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<p><em>Source: <strong><a rel="noopener noreferrer nofollow" target="_blank" href="https://captainaltcoin.com/go/santiment/">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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