Golden Finance reported that according to IntoTheBlock data, Bitcoin whale addresses increased their holdings of 71,000 Bitcoins, worth about $4.3 billion, when the price of the currency retreated to $54,200 on July 5. In addition, CryptoQuant data shows that Bitcoin whales are currently hoarding Bitcoin at the fastest rate (calculated on a 30-day moving average), which is the fastest rate since April 2023 (the collapse of Silicon Valley Bank in the United States).