Bitcoin Whales Ramp Up Accumulation: Holdings Hit 2-Month High

Bitcoin has approached $75,000 as on-chain data shows the whale-sized investors have pushed their supply to the highest point since mid-February. Bitcoin Whale Holdings Have Crossed 4.25 Million BTC In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Bitcoin whale supply. “Whales” typically refer to investors holding between 1,000 and 10,000 tokens of the cryptocurrency. Related Reading: Huge XRP Bull Market Ahead? Analyst Flags ‘Ultimate’ Buy Zone At the current exchange rate, this range converts to $74.5 million at the lower end and $745 million at the upper end. Thus, the only holders who would qualify for the cohort would be those with a substantial amount of capital invested in the asset. Given their massive size, whale entities can hold some degree of influence in the market. As such, their behavior can often be worth keeping an eye on.