The CEO of blockchain intelligence platform CryptoQuant said that Bitcoin (BTC) whales have snatched around $3 billion worth of the king of cryptocurrencies in just 24 hours.
CryptoQuant CEO Ki Young-joo To tell His 345,000 followers on social media platform
“Bitcoin whales have accumulated 47,000 BTC in the past 24 hours. We are entering a new era.”
To obtain these results, Ju used the CryptoQuant search filter to find the top crypto whales by market capitalization. possession At least 100 BTC, transactions within 24 hours, and does not qualify as a centralized exchange (CEX) or miner wallet.
Ju continues Note It said the recent spike in whale activity surrounding Bitcoin is not related to the BTC exchange-traded fund (ETF), which was approved by the U.S. Securities and Exchange Commission (SEC) in January.
Last month, Ju said new crypto whales, investors defined by CryptoQuant as holding at least 1,000 Bitcoins with an average coin issuance date of less than 155 days, have nearly twice as much BTC as long-term holders. He said that he was accumulating.
Long-term whales hold at least 1,000 Bitcoins and have an average coin lifespan of 155 days or more
At the time, Zhu said old BTC tokens were being transferred to new holders after Bitcoin's average dormancy rate recently reached a 13-year peak.
At the time of writing, Bitcoin was trading at $63,582, up 2.86% in the past 24 hours.
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