• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
Whales Accumulate $726 Million In Bitcoin, Report Shows

Whales Accumulate $726 Million In Bitcoin, Report Shows

Ana N. by Ana N.
3 months ago
in Bitcoin
Reading Time: 2 mins read
Advertisement

Bitcoin and the crypto market have been of late seeing most prices of crypto in red, with little hope for an uptrend, at least based on charts. The past few weeks have seen growing fear and doubt about the asset class.

However, despite the recent trend in the market, the primary crypto asset, Bitcoin, is recording an increase in whale transactions. The big shots have gathered more BTC in the past fortnight, valued at hundreds of millions of dollars.

Related Reading: Bitcoin Plummets Below $17,000 After Audit Firm Mazars Pauses Work For Binance

Bitcoin Gets Massive Whale Accumulation

According to data from Santiment, a crypto analytics firm, whales have accumulated more Bitcoin tokens over the past nine days. It noted that the value of the crypto is worth over $726 million in the current market exchange rate.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Santiment reported that Bitcoin’s addresses holding between 100 to 10,000 BTC tokens are still purchasing more. Furthermore, the firm mentioned that these addresses had witnessed rapid growth over the three weeks.

The analytics company cited that about 159 new addresses have been holding between 100 to 10,000 BTC over the last three weeks. According to the data, this is the fastest growth such addresses have experienced in 10 months.

A swing in the addresses could be linked to FUD (fear, uncertainty and doubt) brought about by the ongoing Russia-Ukraine war.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

At the time of writing, Bitcoin is trading at $16,745. Its market cap is $326.65 billion, and its dominance over altcoins is 39.64%.

Whales Accumulate $726 Million In Bitcoin, Report Shows
Bitcoin slips below $17,000 l BTCUSDT on Tradingview.com

Whales Pick Top Stablecoins

The analytics firm noted that stablecoins had also caught the whales’ interest. As a result, they are buying the top stablecoins, which include USDT, DAI, and BUSD.

Whales Accumulate $726 Million In Bitcoin, Report Shows

Santiment mentioned that the whales’ addresses that picked on Tether (USDT) and Binance USD (BUSD) have coins worth between $100,000 and $10 million. It gave a combined purchase of about $922.4 million for the two stablecoins by the whales within the past three days.

On separate records, Tether’s top addresses have accumulated a collective value of $817.5 million USDT coins. The deal represents more than a 7% surge in their holdings before December 10, 2022.

Related Reading: What’s Next For Investors As Cardano Threatens To Slip Further?

For Binance USD (BUSD), the key addresses accumulated a collective value of $104.9 million for the coin. This is a significant buying power within the past three days. Moreover, it represents a 9% increase in their holdings before December 10, 2022.

Tags: BinancebitcoinBUSDDaiUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Ana N.

Ana N.

Passionate Writer and Blockchain fanatic.

Related Posts

Bitcoin At $26,900: Is It Well-Positioned For Breakout Despite Potential Drop?

Bitcoin At $26,900: Is It Well-Positioned For Breakout Despite Potential Drop?

12 hours ago
Bitcoin

Are We At The Early Stages Of A Bitcoin Bull Market? Bitfinex Analysts Reveal

13 hours ago
Bitcoin Mining

Bitcoin Miners Transfer Large Amount To Exchanges, Sign Of Selling?

14 hours ago
Bitcoin

Bitcoin Repeating This Price Pattern Of Late 2019? Watch This

16 hours ago
Binance bitcoin exchange balances

Bitcoin In Free Fall As Regulators Turn Their Attention To Binance

17 hours ago
Bitcoin

Bitcoin Mid-Term Holders Move 50,000 BTC, Bearish Signal?

18 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Orbeon Protocol (ORBN), Bitcoin (BTC), and Monero (XMR) Gain During bank Runs

March 29, 2023

Which Crypto Will Shine in 2023? Stellar (XLM), Cronos (CRO) or Collateral Network (COLT)

March 29, 2023

Collateral Network (COLT) Introduces Asset-Backed Lending, Crypto.com (CRO) Gets Dubai License, While Bank Runs Trigger Bitcoin (BTC) Pump

March 29, 2023

Investors Pass Positive Verdict On Orbeon Protocol (ORBN) As Dash (DASH) and Litecoin (LTC) Disappoint

March 29, 2023

Decentraland and The Sandbox Dominating GameFi Industry – Will Avorak AI Live Up To The AI Crypto Hype?

March 28, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.