BTC whales buying big as retail goes bullish

0
5

The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the total amount of BTC held by addresses with 100+ Bitcoin has seen a particularly strong uptick since the news of Tesla investing $1.5billion in BTC, growing by an additional 20,490 BTC.

This brings the total amount of Bitcoin located in whale addresses to a new all-time high of just over 11.6 million, a number likely reflecting the increase in institutional participants over the recent time period.

The lunar calendar ended with a flurry of news that drove Bitcoin (BTC) annualized volatility to 125%, a figure not seen since April of last year. This has not deterred investors from buying BTC up to an all-time high, as the price flirts with breaking the $50,000 mark for the first time. A portion of this volume has been initiated from larger whale accounts, which should come as positive news for the retail investors.