In the weeks before the October bull run, the number of wallet addresses with balances between 1,000 and 10,000 BTC skyrocketed. One anonymous whale that started accumulating funds in January currently has $100 million in unrealized gains.
By mid-November, after $BTC rose markedly on positive news about the possible approval of a spot #ETF and in anticipation of halving, the number of large trades between $100k and $1 million accounted for 24% of total trading volume, and the number of whale addresses increased by 3.8%.
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Whales continue to accumulate BTC
In the weeks before the October bull run, the number of wallet addresses with balances between 1,000 and 10,000 BTC skyrocketed. One anonymous whale that started accumulating funds in January currently has $100 million in unrealized gains.
By mid-November, after $BTC rose markedly on positive news about the possible approval of a spot #ETF and in anticipation of halving, the number of large trades between $100k and $1 million accounted for 24% of total trading volume, and the number of whale addresses increased by 3.8%.