Bitcoin Whales Aren't Selling Despite $70,000 - Growth of BTC Holdings 'Going Parabolic'
Bitcoin addresses holding at least 1,000 BTC are rising again, despite the price of BTC surpassing $70,000 for the first time.
Bitcoin whales
BTC
R$343,749
are in no rush to sell during the current rally that has propelled Bitcoin to new highs above $70,000, the latest blockchain data suggests.
Bitcoin whale population grows despite record price
The number of unique addresses holding at least 1,000 Bitcoin — known as whales — rose to 2,104 addresses as of March 7.
However, this number is still lower than the record 2,489 addresses reached in February 2021 when Bitcoin was trading above $46,000.
