Wallets holding 10,000 Bitcoin (BTC) or more have reached their highest level of accumulation in last six years
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🐳 Wallets with 10K+ Bitcoin have been the extreme beneficiaries of the past 6 weeks of volatility. With these massive addresses speculated to be heavily comprised of exchange liquidity providers, they own 212,450 BTC more over this stretch, and 1.05% more of the entire supply.'s analysis suggests that these large BTC addresses are likely comprised heavily of exchange liquidity providers.
Bitcoin surged to an all-time high of more than $73,700 in March of this year, when the Securities and Exchange Commission approved the first U.S. spot Bitcoin exchange-traded fund, or ETF.Since then, Bitcoin prices have been consolidating within a well-defined $60,000 to $70,000 range with investor apathy and boredom setting in. This has resulted in widespread indecision and a market unable to create a strong trend in either direction.
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