Bitcoin whales have always been important. These individuals or entities holding large amounts of Bitcoin can influence the market through their trading activities. According to on-chain analytics firm Santiment, Bitcoin whales have entered accumulation mode once again. Since earning profits above $30,000 on April 11, the whales have started accumulating BTC again. Santiment reported that addresses holding between 100 and 10,000 BTC have added a total of 64,094 BTC since April 11, while prices have fluctuated and slightly declined. This is a significant increase in accumulation, especially given the recent downward trend in Bitcoin's price.
“Bitcoin whale addresses holding between 100 and 10,000 BTC have added 60,094 BTC in the last 16 days.”
