According to @santimentfeed, wallets with 10K+ Bitcoin have been the biggest beneficiaries of the volatility of the past 6 weeks. These large addresses are speculated to include multiple liquidity providers to exchanges. They own an additional 212,450 BTC during this time, and account for an additional 1.05% of the total supply. The last time they owned more than 3.19 million BTC was November 2018.
The market is a machine that transfers assets, from those who need money to those who need BTC, from those who do not believe to those who have faith, from those who are impatient to those who have patience.
