Bitcoin Whales Holding 100-1,000 BTC are Accumulating: US Exchange

February 15, 2020 | By | Reply | 25 Readers More

Bitcoin whales holding about 100-1,000 units of the cryptocurrency have started accumulating more of it, says crypto trading platform Kraken.

In a report published Friday, the US exchange noted a stagnant growth in the number of whale addresses effectively from January 3, 2020. The month saw 10-100 BTC holders increasing their exposure to bitcoin. Nevertheless, people holding more than 100 BTC were in a “wait-and-see” approach.

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Number of bitcoin addresses with ₿1,000 – ₿10,000 relative to price volatility | Source: Kraken

Entering the second month of 2020 changed the perspective a bit. Kraken said January ‘s surge in the bitcoin prices soon followed a jump in traders holding 100-1,000 BTC. The exchange further termed it a historical pattern, wherein 10-100 BTC holders in the accumulation phase cast a similar sentiment spell on 100-1,000 BTC holders at a later…

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