Bitcoin Whales Splurge Over $750,000,000 on Bitcoin in Simply Three Months, Says Crypto Analytics Agency Santiment

New information from market intelligence agency Santiment reveals that deep-pocketed Bitcoin (BTC) traders have splurged over $750 million on the king crypto over the last three months.

In line with Santiment, Bitcoin millionaires and billionaires have ramped up their exercise since Could, accumulating the highest crypto asset by market cap at a excessive fee, pushing their whole quantity of BTC owned as much as 11.5 million, which is over half of BTC’s total provide.

“There are at the moment 15,870 Bitcoin addresses that maintain a minimum of 100 BTC. Collectively, these whales personal 11.5 million BTC, making up over half of the entire current provide (59.2%). Over the previous 12 weeks, their collective share has risen by 27,755 BTC.”

Supply: Santiment/Twitter

Moreover, the crypto analytics platform notes that whale exercise centered round Wrapped Bitcoin (wBTC) has seen a serious spike in exercise as nicely.

In line with the information, on-chain transaction quantity of wBTC is on the highest it has been in over a month as high-net-worth merchants transfer the digital asset out of crypto trade platforms.

“Wrapped Bitcoin is seeing main exercise immediately after a pair of two,000 wBTC strikes that resulted in a drop in trade provide. On-chain transaction quantity is at its highest degree in over a month. That is particularly related in how BTC could be impacted.”

Supply: Santiment/Twitter

Bitcoin is buying and selling for $29,280 at time of writing, a fractional lower over the last 24 hours.

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