"Bitcoin Whales Quietly Buying Amid Sideways Movement"

Wallets holding over 10,000 BTC, accumulated 151,820 BTC last week
Total BTC holdings of these wallets, 13.57 million... accounting for about 71% of circulation

Last week, while Bitcoin was consolidating, it was revealed that Bitcoin whale wallets have been massively accumulating Bitcoin.

On-chain analysis platform Sentiment announced in a report on the 4th that whale wallets holding over 10,000 BTC accumulated approximately 151,820 Bitcoins last week.

The number of whale wallets that accumulated Bitcoin last week was about 79,244. Each wallet accumulated about 0.5 Bitcoin. The cumulative Bitcoin holdings of these wallets are approximately 13.57 million, accounting for about 71% of the actual Bitcoin circulation.

Cryptocurrency media CoinPedia interpreted the accumulation trend of Bitcoin whales as corporate Bitcoin accumulation. CoinPedia reported, "Considering that more companies are adding Bitcoin to their balance sheets recently, the accumulation trend of Bitcoin whales last week can be seen as corporate Bitcoin accumulation."

Reporter Seung-won Kwon ksw@blockstreet.co.kr