Analysis of Bitcoin Whale Wallets and Cryptocurrency Trends

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

A recent analysis provided by the cryptocurrency analysis firm Santiment shed light on the trends of Bitcoin and its major players.

The analysts observed that whale wallets, which hold substantial amounts of Bitcoin, are indicating a positive long-term outlook. These whales, defined as holders with more than 10 BTC, currently possess a record-breaking 16.17 million BTC.

The report suggests that for the cryptocurrency industry to initiate a new bullish trend, there needs to be an uptick in Bitcoin purchases from Tether and USDC holders.

However, a closer look at the significant whale wallets of these stablecoins reveals that wallets containing assets ranging from 100 thousand to 10 million dollars collectively hold 34.2% of the total supply. This marks a slight decrease of about 2% compared to half a year ago.

Conversely, in the case of USDT, 30.3% of the total supply rests in cryptocurrency wallets with assets between 100 thousand and 10 million dollars, indicating a decrease of 5.37% from six months prior.

Please note that this content is not meant as investment advice.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.