Bitcoin Whales Accumulated $4.8 Billion of $BTC Since Late September, Data Shows

Cryptocurrency analytics firm Santiment has revealed on social media that bitcoin whales, defined as entities holding between 100 and 1,000 BTC in their addresses, have accumulated a total of 86,700 BTC over the last two weeks.

According to the firm these whales accumulate BTC worth over $4.8 billion at press time in such a short amount of time and now hold 21.3% of the flagship cryptocurrency’s total supply. The accumulation implies they bought the dip expecting a move higher.

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