
Bitcoin Whales Buy $3.5 Billion in BTC During Market Downturn
As the cryptocurrency market battles to recover from recent setbacks, the largest holders of Bitcoin (BTC) have seized the opportunity to increase their holdings while prices have remained relatively low. These Bitcoin whales, wallets holding between 1,000 and 10,000 BTC, have collectively amassed around 131,600 BTC (worth over $3.5 billion) in the past 11 weeks, according to data from Santiment, a blockchain and crypto analytics platform. This surge in accumulation brings their collective supply levels to a seven-week high, indicating a significant influx of BTC despite the market’s downturn. The data reveals a notable spike in accumulation by Bitcoin whales,