Global #Bitcoin Whales

Bitcoin's price is holding strong above $113,800, but recent market data points to a potential shift in momentum that could favor altcoins.

The number of Bitcoin wallets holding 100 BTC or more has reached a 17-month high, according to blockchain analytics firm Santiment.

Bitcoin’s market dynamics continue to bewilder investors and traders as they grapple with conflicting signals. Recent developments paint a complex picture: while whale movements hint at possible short-term turbulence, long-term holders and stable hash rates offer a counterbalance of optimism.

Recent turmoil in global markets has led to a sharp sell-off in both equities and digital assets, with Bitcoin suffering its most significant decline of the current cycle. This downturn has been driven by a complex interplay of factors, including the unwinding of the yen-carry trade, market deleveraging, and heightened geopolitical risks.

After a sluggish start to the week, Bitcoin (BTC) has sparked a notable rebound across the cryptocurrency sector. Over the past 48 hours, the flagship cryptocurrency has rallied approximately 2%, reaching a daily peak of around $57,267.

In a surprising move today, the cryptocurrency community was abuzz with news of a substantial Bitcoin (BTC) withdrawal from Binance, executed by a prominent whale known as "12QVsf." According to Spot On Chain, this whale withdrew a staggering 1,300 BTC, valued at approximately $85.6 million at current prices.

In a striking development for the cryptocurrency market, Bitcoin whales are once again making waves, this time with a substantial options bet signaling a bullish trend.

The recent dip in the Bitcoin market has not deterred large-scale investors, often referred to as "whales," from increasing their holdings of the leading cryptocurrency.

The Bitcoin market is experiencing a downturn, but according to some, it's prime time for big investors. While the price takes a beating, a recent report suggests whales – those holding over 10 BTC (worth over $600,000 currently) – are accumulating Bitcoin at an accelerated rate.

While the recent Bitcoin crash sent shockwaves through the market and triggered a wave of panic selling, on-chain data reveals a different story among the largest holders, often referred to as "whales."

In a week marked by significant market volatility and a notable correction in the cryptocurrency space, Bitcoin whales have made a striking move, acquiring a staggering $1.4 billion worth of Bitcoin within a mere 24-hour period.

Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins.