Bitcoin whale addresses added 71,000 Bitcoins during last week’s drop
By: Cointime
According to IntoTheBlock data reported, when the price of Bitcoin fell to $54,200 on July 5th, whale addresses increased their holdings by 71,000 Bitcoins, worth about $4.3 billion. In addition, CryptoQuant data shows that Bitcoin whales are currently accumulating Bitcoins at the fastest rate (calculated by the 30-day moving average) since April 2023 (the collapse of Silicon Valley Bank).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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