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Millionaire whales gobble up 90000 Bitcoin over past 25 days


17 Jun 2021

#Bitcoin

Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by Santiment as “millionaire tier” addresses — are now the largest segment of Bitcoin hodlers and currently account for 48.7% of Bitcoin’s supply.

The recent buying spree places the millionaire addresses at a seven-week high for the number of Bitcoin held, with the addresses representing more than 9.11 million BTC — down just a couple of percent from their mid-April high. Miners also appear to be accumulating BTC, with on-chain analytics provider, Glassnode, identifying that weekly Bitcoin outflows from miner addresses have slumped to a five-month low of roughly $1.7 million on June 16.

While many whales and miners appear to be hodling their coins in expectation of higher prices, transaction monitor Whale Alert has identified two transfers of roughly 5,000 BTC or $200 million each destined for Coinbase since June 14, suggesting at least some large investors are looking to trade their Bitcoin.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 80.8% 27 $64 266.94 1.79% -3.71% $1 265 233 305 075 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 40 $3 077.24 0.80% -4.77% $369 494 429 721 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000468 0% 0.08% $109 520 747 897 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 87.6% 20 $559.69 2.01% -4.04% $83 692 808 241 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76% 46 $145.09 4.44% -4.69% $64 827 164 447 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 90.8% 2 $1.000156 0.01% 0.01% $33 217 606 941 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 76% 52 $0.504621 0.86% -4.65% $27 819 332 251 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 71.6% 60 $0.152856 2.20% -10.24% $22 003 943 928 DOGE 7 days price change
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14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 79.2% 30 $64 262.93 1.86% -3.34% $9 985 413 831 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 73.2% 52 $6.76 0.62% 1.08% $9 700 328 122 DOT 7 days price change

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