Santiment analyst team shared on Twitter that bitcoin whales have increased their positions in BTC over the past 25 days and now hold half of the total supply of BTC.
Santiment tweet posted earlier today shows that over the past 25 days, the number of wallets holding between 100 and 10,000 BTC has added a total of 90,000 bitcoins to their holdings.
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Santiment Writes:
Bitcoin addresses holding between 100 to 10,000 BTC have accumulated 90,000 more $BTC in the last 25 days. They now hold a 7-week high of 9.11m BTC, currently worth a total of 366.89 Billion at this time, and 48.7% of the total Bitcoin supply.
That’s the equivalent of a whopping $3,606,867,100.
Overall, these addresses currently hold a seven-week high of 9.12 million – nearly half of the total Bitcoin supply.
Santiment Tweeted:
? #Bitcoin addresses holding between 100 to 10,000 $BTC have accumulated 90,000 more $BTC in the last 25 days. They now hold a 7-week high of 9.11m $BTC, currently worth a total of $366.89 Billion at this time, and 48.7% of the total #Bitcoin supply. ? https://t.co/5B2qmOW2lg pic.twitter.com/eJVSDlEFc3
— Santiment (@santimentfeed) June 16, 2021
Earlier, it was reported that owners of Bitcoin wallets, 100-10,000 BTC, bought more BTC in the falling markets. The Santiment chart showed that these purchases had been occurring for almost a month.
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Sentiment’s team previously indicated that the whales are confidently buying the fall of BTC. They were in no rush to get rid of their Bitcoin reserves.
Bitcoin Miners Data
Recent data shared by research firm Glassnode shows that miners have also been keeping minted bitcoins. According to the Glassnode graph miners sales of Bitcoin hit a five-month low, currently at $1,725,254.15 in BTC. Miner Outflow Multiple index (7-day MA) also fell to a its lowest (8-month low), reaching 0.886.
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? #Bitcoin $BTC Miners' Outflow Volume (7d MA) just reached a 5-month low of $1,725,244.14
View metric:https://t.co/zngg8o2usZ pic.twitter.com/x4B0yrkSCO
— glassnode alerts (@glassnodealerts) June 16, 2021
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