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What happened? In the period from 14 to 18 June, the largest over-the-counter holder of bitcoins bought 2554 BTC worth about $ 52 million. In total, the institutional investor owns 130,227 bitcoins worth $ 2.75 billion (at the rate of Binance on June 25). It is the third largest holder of the asset after the cryptocurrency exchanges Binance and Bitfinex, its savings amount to 0.68% of the current supply of BTC.
Bitcoin Whale Wallet
The situation on the market. According to the analytical company Santiment, the decline in the cryptocurrency market provoked an increase in the number of institutional investors investing in the first cryptocurrency.
According to Santiment, the growth in the number of holders owning more than 10,000 BTC began in February, while the increase in the number of addresses containing between 10 and 10,000 BTC began in June.
According to Glassnode analysts, since May 2022, the bitcoin accumulation rate has decreased by 64%. Experts noted that in the past, such a fall signaled the beginning of the final and painful “phase of leaching” of all remaining sellers, accompanied by a further drop in prices by 40-64%.
On June 25, 15:40 Moscow time, BTC is traded at $ 21,190, having decreased in price by 0.37% per day.
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