Following a week of little price movements, Bitcoin (BTC) gained by 0.50%, maintaining its value within a consolidation range of $51,000 – $52,500. However, despite this period of inaction, Bitcoin investors have maintained a consistent level of high accumulation, according to an observation from crypto analyst Ali Martinez.
Interestingly, blockchain data analytics company Santiment has recently provided some insights into this trend.
In a post on February 23, Santiment reported that there have been 147 new Bitcoin whale wallets – addresses with 1,000 BTC+ – over the last month, representing a 7.4% rise. The analytics firm also noted that sharks holding between 1-1,000 BTC and retail investors holding less than 1BTC have only declined by 0.1% and 1.0%, respectively, within the same time frame.
📊 #Bitcoin‘s various sized #onchain wallets have dramatically shifted in the past 30 days as #ETF‘s have become mainstays.
🐳 1K+ $BTC wallets: 147 MORE (7.4% rise)
🦈🐬 1-1K $BTC wallets: 1,237 LESS (0.1% drop)
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