Crypto whales have accumulated over $10 billion worth of Bitcoin (BTC) over the past six months, according to new data from market intelligence platform IntoTheBlock.

Market Fluctuations Do Not Affect

According to a new report from IntoTheBlock, investors holding between 100 and 1,000 Bitcoin have amassed tens of thousands of BTC over the past few months. These investors appear to be unaffected by the market’s bearish trend.

“Market-immune addresses holding between 100 and 1,000 BTC have continued to accumulate steadily over the past few months. These addresses now control 20.3% of the circulating supply, equivalent to 4.01 million BTC, compared to 3.82 million BTC six months ago, reflecting a 5% increase.”

Data from IntoTheBlock shows that large Bitcoin holders have added 190,000 BTC in just six months.

Short-Term Investors May Create Selling Pressure

However, the crypto analytics firm warns that short-term holders who have held BTC for less than 155 days could create selling pressure. These short-term investors could face unrealized losses at current price levels, and if the market experiences another decline, intense selling pressure could be triggered.

“Many recent Bitcoin investors are facing unrealized losses, which could create heavy selling pressure if the market sees another decline. While 78% of all Bitcoin addresses are in the money, short-term buyers who purchased BTC at current price levels could face significant market pressure. These addresses belong to individuals who purchased Bitcoin between $47,000 and $64,000, and only 27.6% of them are currently in the money.”

Current Bitcoin Price

At the time of writing, Bitcoin is trading at $55,084, up over 1% in the last 24 hours.

The behavior of large investors in the Bitcoin market reflects their confidence in long-term prospects. While these large investors continue to accumulate without being affected by price fluctuations, possible selling pressure from short-term investors may increase market fluctuations. In general, while the majority of BTC owners are in profit, new investors may face more risks at current price levels. This situation once again reveals the importance of being careful and strategic in the Bitcoin market.

  • Crypto whales have accumulated over $10 billion worth of Bitcoin in the last six months.

  • Large investors continue to save without being affected by price fluctuations.

  • Short-term investors can create selling pressure and increase market volatility.