Source: aibc.world
The latest data shows a significant increase in the holdings of the latest Bitcoin whale wallets. Holding Bitcoin (BTC) is not just for elderly whales. A total of 1.97 million coins were accumulated by new wallets that were active in the previous weeks. The quick buildup indicated a change in behavior at a time when Bitcoin was almost at its peak.
Holding Bitcoin (BTC) is not just for elderly whales. A total of 1.97 million coins were accumulated by new wallets that were active in the previous weeks. The quick buildup indicated a change in behavior at a time when Bitcoin was almost at its peak.
Source: Ki Young Ju X Post
According to the most recent data, the holdings of the newest Bitcoin whale wallets have significantly increased. According to Ki Young Ju, the founder and CEO of CryptoQuant, the amount of Bitcoin in wallets under 155 days old has increased by over 813% so far this year, with growth picking up speed in the last month. The CEO of CryptoQuant discussed this development on his official X account. Ju noted in a thread on X that the new whale wallets changed the way that Bitcoin was held and could have an impact on its future price trajectory.
The most recent whale wallets have 1.97 million bitcoin, or 9.3% of the total supply
According to Ki Young Ju, the whale wallets have greatly profited from attaining an astounding 1.97 million dollars in holdings. Because of this, it has been claimed that the combined holdings of the individual wallets have reached 9.3% of the total amount of Bitcoin. This number represents a significant change in the total amount of Bitcoin owned, amounting to up to $132 billion.
The aforementioned whale wallets are unique in that they do not include miner or exchange wallets. This emphasizes their probable status as custodial accounts, which are typically associated with institutional investors or large funds. In the corresponding wallets, the average coin age stays below 155 days. This highlights the recent surge in interest from large investors and articulates their position as relatively unique purchases
The change shows a diversification in Bitcoin’s ownership structure
According to Ki Young Ju of CryptoQuant, the figures show that institutional investors are adopting Bitcoin at a massive rate. This change indicates that Bitcoin’s ownership structure is becoming more diversified. In this way, institutional players are changing the status of Bitcoin by making substantial investments in the cryptocurrency assets.
