Bitcoin Whale Addresses Are Rising Sharply
Large Bitcoin (BTC) addresses have jumped significantly since the start of September 2021. According to the latest data published by Santiment, BTC addresses holding between 100 and 1,000 coins have increased by approximately 2% in the last 5 weeks.
254 more Bitcoin millionaire accounts now exist compared to the start of September 2021. One of the major reasons behind that is the rising institutional interest. Large institutional investors have started accumulating Bitcoin in substantial amounts during its recent bull run.
“The number of Bitcoin addresses holding between 100 to 1,000 BTC has grown substantially over the past five weeks. 254 more of these whale addresses now exist compared to five weeks ago, which is a notable 1.9% increase in this short time period,” Santiment mentioned in a recent Tweet.
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