On-chain data reveals a 3.9% increase in Bitcoin sharks and whales over the past three months, despite a general price downtrend. According to analytics firm Santiment, the number of wallets holding 100 or more BTC has risen by 753 since December 19th. This growth in large holders, who can influence market dynamics, occurred even as Bitcoin's price fell below $70,000.
The trend suggests that significant investors are accumulating Bitcoin, viewing the current market conditions as an opportunity rather than a deterrent. Over the past year, the number of these large wallets has increased by 12%, or 2,148 addresses, indicating sustained interest from big-money investors despite market volatility.
Bitcoin Sharks and Whales Increase by 3.9% Amid Price Decline
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