Bitcoin Whales Are More Crowded Than Ever
With the recent decline of Bitcoin to less than $ 10,000, the number of Bitcoin whales has reached a new peak.
New data from Blockchain research company Glassnode show that an increasing number of Bitcoin whales are accumulating BTC. According to Glassnode, the number of addresses with 1000 BTC (about $ 8.3 million) and Bitcoin exceeded 2075, the all-time high of all previous times.
According to the company’s chart, the number of Bitcoin whales gradually decreased as they moved towards the end of 2017, when the price reached $ 20,000. In the last weeks of 2018, when BTC dropped to $ 3100, the addresses with 1000 BTC and Bitcoin started to explode.
The leading crypto coin went up to $ 14,000, while the number of whales declining again jumped to $ 8,000.