Large Bitcoin addresses add approximately 90,000 BTC in the last three weeks.

Bitcoin whales have accelerated accumulation of BTC during the last few weeks amid price volatility. According to the latest data published by Santiment, a blockchain tracking and analytics firm, large Bitcoin addresses have added approximately 90,000 BTC since 5 April. Santiment defines the BTC whale address as a crypto wallet with more than 10,000 Bitcoin. The blockchain analytic firm mentioned that whales have started accumulating in large amounts, particularly after BTC’s all-time high on 14 April. 

 

Bitcoin whales have added around $4.92 billion worth of BTC recently. 

The total value of the recently accumulated Bitcoin stands at around $4.92 billion. The world’s leading cryptocurrency saw a volatile April as the price touched $64,000 on 14 April but dropped to a low of $47,000 on 26 April. As of writing, Bitcoin is trading near $54,400 with a market cap of more than $1.02 trillion. The uber large Bitcoin whale addresses continue to get richer and accumulate as prices range, particularly after the All-Time High two weeks ago. Around 90,000 BTC worth $4.92 billion has been added in total to these addresses since 5 April,” Santiment mentioned.

 

“More than 1.9 million BTC moved above the $1 trillion market cap.” 

The latest price volatility has accelerated unknown crypto transactions from BTC whales. According to Whale Alert, an unknown crypto user moved 7,175 Bitcoin worth approximately $392 million on 29 April. BTC whale activity above the $1 trillion market cap has surged significantly. Crypto analytics firm Glassnode reported earlier this month about a jump in Bitcoin transactions above the $1 trillion market cap. The analytic firm added that more than 1.9 million BTC moved above the $1 trillion market cap, including movement in some of the large BTC addresses. Whale addresses are also moving the bitcoin in large amounts, from leading digital exchanges to crypto wallets.

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