It’s been over ten years since a BTC whale was last seen, but now it’s back and sent an amazing $43 million worth of Bitcoin (BTC). In the world of bitcoins, this is significant.
From what we can tell, the whale got 687.33 BTC on January 12, 2014. That day, BTC was worth $917, which means that every Bitcoin was worth around $630,000. It’s worth almost 70 times as much now as it was a year ago. Coins worth the same amount have been sold for more than $42.7 million.
It’s happening at the same time that banks are becoming more interested in BTC. In recent news stories, it was said that big buyers have bought a lot of BTC. At least 0.1% of all Bitcoins in circulation are owned by these people. Around this time last month, when BTC was worth about $62,500 each, these people bought 19,760 BTC, which is worth $1.2 billion.
Bitcoin Whales Strategic Moves Preparing for Market Shifts
It’s important to note that funds built up in these well-known addresses before BTC prices increased significantly. Whales think about what they will do before big market events. These “whales” bought a lot of BTC just days before the latest split, which made the trend very clear.
Santiment’s study shows that BTC “whales” have kept adding to their large stocks in 2024. The amazing $17.3 billion they now have in their account comes from adding 266,000 BTC since the beginning of the year. Because of the increase, people who own between 1,000 and 10,000 BTC now control 1.24% of all BTC or 21 million BTC.
Bitcoin is still being bought by people and companies. The strong “whales” do things that show how the market feels and often have huge effects on the whole world of cryptocurrencies. In the next few months, the market will change even more as this BTC whale from a long time ago comes back and other big players keep adding to their amounts.
