In the past 10 weeks, overall whale addresses have increased by nearly 1.5%.
Nearly 14,000 addresses have at least 100 coins.
Despite a significant drop in Bitcoin’s price, bitcoin accumulation is increasing. BTC holders who have been holding it for a long time are not affected by volatility or inconsistent trading volumes. The price of digital assets is not holding at $50,000, but BTC whales have increased their portfolios by accumulating large amounts in the past 10 weeks.
The Bitcoin whale club is made up of BTC addresses that hold between 100 and 1,000 coins. Santiment, a crypto analytics platform, released data that highlights the increasing number of BTC whales since Q4 2021. In the last 10 weeks, 193 BTC addresses have joined the prestigious Whale Club.
The total number of addresses holding 100 to 1,000 coins is 13.942, which is 1.4% more than in September 2021. “Bitcoin has 193 additional addresses in this prestigious club compared to 10 weeks ago, with 100-1000 BTC being held by whale addresses. Santiment tweeted.
Bitcoin Supply Circulating and Hash Rate
Bitcoin’s current supply reached 18.9 million earlier this week. This means that more than 90% have been mined.