Bitcoin Worth Of Over $700M Bought By Crypto Whales In 9 Days

According to the latest reports, it seems that the crypto analytics firm Santiment revealed that the whales are making big Bitcoin-related moves these days. Check out the following data below.

Crypto analytics platform Santiment revealed that whales had accumulated Bitcoin (BTC) worth hundreds of millions of dollars in under a fortnight.

Santiment says that relatively large holders of the flagship crypto asset have purchased approximately $726 million worth of Bitcoin in the last nine days.

According to Santiment, three top-20 stablecoins by market cap are also experiencing high demand. Check out the reports below:

“Bitcoin’s addresses holding between 100 to 10,000 BTC have bought $726 million in BTC the past nine days. Meanwhile, stablecoin assets like USDT, BUSD and DAI are also being bought quickly. This is a recipe for good things.”

The crypto firm also said that over the past three weeks, addresses holding between 100 to 10,000 Bitcoin have grown at the fastest rate since February.

“Furthermore, we have seen 159 new addresses holding between 100 to 10,000 BTC in just the past three weeks. This is the fastest growth of these addresses in 10 months, which was right as FUD was peaking after the Russia-Ukraine war was announced to the world.”

At the moment of writing this article, both digital assets are trading in the red just like the rest of the most important coins out there.

A popular crypto analyst says the Bitcoin (BTC) and Ethereum (ETH) markets are mostly the same after yesterday’s Federal Open Markets Committee (FOMC) meeting.

In a new edition of his Cryptocademy newsletter, trader Justin Bennett breaks down BTC, ETH.

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $17,039 and ETH is also trading in the red and the price of 1 ETH is $1,213.