The Bitcoin whales, holding more than 1,000 BTC, now own over 40% of the total Bitcoin supply and have been consistently accumulating more.<\/p>\n
Market data from IntoTheBlock shows that Bitcoin whales have been boosting their holdings since mid-March. These large entities are significant players in the network and their activities can impact the cryptocurrency’s price.<\/p>\n
The collective balance of these whales has been steadily growing, as seen in the chart shared by IntoTheBlock. This increase began during the consolidation phase after Bitcoin’s all-time high.<\/p>\n
Despite market concerns, these whales saw an opportunity to increase their holdings. Their recent buying activity has pushed their combined holdings to over 40% of Bitcoin’s total supply.<\/p>\n
There is a possibility that they may soon control more than half of the Bitcoin supply, which could have implications for the market dynamics.<\/p>\n
Recent data shared by Maartunn indicates that the total Open Interest in the cryptocurrency sector is approaching its all-time high, which could lead to increased market volatility.<\/p>\n
Bitcoin is currently trading at approximately $71,400, showing a 6% increase over the last week.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin whales, holding more than 1,000 BTC, now own over 40% of the total Bitcoin supply and have been consistently accumulating more. Bitcoin Whales Accumulating Since Mid-March Market data from IntoTheBlock shows that Bitcoin whales have been boosting their holdings since mid-March. These large entities are significant players in the network and their activities […]<\/p>\n","protected":false},"author":1,"featured_media":13280,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Whales Increasing Holdings and Control Over 40% of BTC Supply - Bitrabo","description":"The Bitcoin whales, holding more than 1,000 BTC, now own over 40% of the total Bitcoin supply and have been consistently accumulating more. Bitcoin Whales Accum"},"footnotes":""},"categories":[316],"tags":[448,987,606,4619,762,457],"class_list":["post-13279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-buying","tag-continue","tag-control","tag-supply","tag-whales"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/13279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=13279"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/13279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/13280"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=13279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=13279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=13279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}