#BTCWhaleMovement Large cryptocurrency holders are called whales because their accounts are much larger than the smaller fish (accounts) in the cryptocurrency ocean. Four bitcoin wallets owned 3.56% of all the bitcoin in circulation in August 2024 according to BitInfoCharts. The top 113 wallets held more than 15.4% of all bitcoin. There are thousands of accounts that hold less than 10,000 BTC that can be considered whales.

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These large accounts are closely monitored by the crypto community and investors. It's publicly announced on the Whale Alert website and its X (formerly Twitter) account if any whales make transactions.

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