The richest non-exchange Bitcoin wallet continues to add more BTC to take advantage of the current price level as the flagship crypto hovers around $20,000.
The data provided by BitInfoCharts shows that the whale address has increased its total holding by 1,480 BTC since the 30th of June 2022. The whale’s total Bitcoin holding is now standing at 132,883 BTC worth $2.7 billion at current prices.
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A closer look into the wallet shows that this is the largest number of BTC it has ever held. The data also reveals that only the Binance cold wallet and the Bitfinex cold wallet hold more BTC than the whale wallet.
Bitcoin (BTC) Large Wallets on the Increase
According to crypto analytics firm Santiment, Bitcoin large wallets are on the increase as the number of addresses holding more than 10 BTC attained its highest level since February 2021.
Santiment tweeted, “The amount of Bitcoin addresses holding 10+ BTC has ramped up, particularly since the mid-June drop. In the past 30 days, these addresses have increased by 1.12%. There are 149,200 addresses holding 10 or more BTC, the most held since February 2021.”
The analytics firm also revealed that addresses holding between 10 and 100 BTC have added 52,000 BTC to their wallets in the past 5 weeks.
“Bitcoin addresses holding between 10 to 100 BTC have been stacking Satoshis on this dip, and have collectively upped their holdings to 4.29 million BTC. In the past 5 weeks, as prices have retraced -27%, they have added 52,000 more coins to their wallets.”
It’s worth noting that the largest cryptocurrency by market cap has been trending sideways since the 30th of June, giving no clue on what the next major trend could be.
At the time of filing this report, Bitcoin (BTC) is trading at $19,781, with a 0.36% price downtrend in the last 24 hours, according to CoinMarketCap.
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