Bitcoin whales purchased 30,000 BTC in two days.


Over the last two days, large holders of the first cryptocurrency have acquired 30,000 BTC, reported on-chain analyst Ali Martinez.
According to Santiment, over the past four months, whales with balances from 10 to 10,000 BTC have accumulated 0.9% of the total coin supply.
The accumulation of Bitcoin is offset by profit-taking from other large holders. Last week, one of the whales sold coins worth $9 billion with the assistance of Galaxy Digital.

Glassnode analysts noted that despite the large sell-off, most investors remain in profit. 97% of the circulating coins are still "in profit," and the unrealized profit in the market exceeds $1.4 trillion.
Vugar Usi Zade stated in a comment to Decrypt that whales are also showing interest in other assets. They are increasing their positions in Ethereum, Solana, and some meme coins like PEPE and WIF. According to him, this indicates a diversification into high-yield tokens, although the main focus remains on L1 platforms.

The CryptoQuant analyst under the nickname crypto sunmoon noted that the reserves of BTC held by whales continue to show an upward trend. Historically, the peak of the 2021 cycle coincided with a significant reduction in their assets. According to the expert, if the current accumulation trend changes, it could indicate an approaching potential peak.

In July, the market capitalization of the cryptocurrency market exceeded $4 trillion, but then it corrected. At the time of writing, the figure is $3.81 trillion.
BTC-4.13%
ETH-5.86%
SOL-6.37%
PEPE-11.39%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 18
  • Repost
  • Share
Comment
0/400
Ybaservip
· 08-05 05:18
Bull Run 🐂
Reply0
GateUser-03f8a49evip
· 08-04 05:00
Everything is dominated by the market maker in controlling the coin price, while retail investors are just the big suckers who follow the trends. If your capital is substantial, you won't be wiped out; if your capital is small, you'll just be played with by the market maker for free!
View OriginalReply0
LoongLoong623vip
· 08-04 04:04
Good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good good
View OriginalReply0
SBSomratvip
· 08-04 03:45
1000x Vibes 🤑
Reply0
Nadeenavip
· 08-04 03:22
goodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodv
Reply0
GateUser-378c4af2vip
· 08-03 20:02
thanks for the useful information 🙂
Reply0
CryptoLoverArtistvip
· 08-03 13:52
BULLISH. i bought a lot of BTC at the dip. Follow me pls, i follow everyone back 🙏
Reply0
Coinwinvip
· 08-03 13:15
666666666666666666666666
Reply0
GetLiquidated3Timesvip
· 08-03 12:19
How much more USDT do I need to earn to keep your heart from leaving?
View OriginalReply0
MEASMAKARAvip
· 08-03 09:50
bitcoin 150k this year?
Reply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)