Bitcoin Whales aggressively accumulate BTC: consolidates at $20,000
2022 has been a tough year for the crypto-verse. The increased cases of bankruptcy and the dominance of the bears left the market painted red for the majority of the year. But whales seemed to be making the most of it. The last week of September posed to be immensely detrimental for the Bitcoin [BTC] market. The king coin dropped to $18K multiple times causing panic among its investors. But a certain group of investors remained calm and viewed it as a prominent buying opportunity. As per recent data curated by Santiment, Bitcoin whales were bagging a significant number of BTC over the past week. The platform pointed out that addresses holding 100 to 10K BTC witnessed a promising spike. This came as a surprise to many as this sort of “sustained accumulation” has been rather rare in 2022. Source While these whales were boosting their BTC holdings, Tether [ USDT ] holdings took a backseat. As seen in the above image, large USDT holdings have depleted significantly....