$BTC In recent weeks, the bitcoin market has seen substantial purchases by major investors, often called "whales." One significant event involved the acquisition of $1.6 billion worth of bitcoin by large holders, driving a notable price surge of the cryptocurrency. Additionally, data from market intelligence platform Santiment indicated that wallets holding between 1,000 and 10,000 BTC added nearly $13 billion worth of bitcoin in 2024, contrasting with smaller wallets that have been offloading their holdings.
These large-scale acquisitions underscore a growing trend among institutional investors and high-net-worth individuals who view bitcoin as a strategic asset amid economic uncertainties. The accumulation by these whales indicates robust confidence in bitcoin's long-term value, significantly impacting market dynamics and contributing to price stability and growth.
