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New All-Time High Alert: Whales & Sharks Shrinking in Number, But Growing Massively in Holdings

@brianq
1 min read
21.11.2024
BTC


🥳 Bitcoin's new all-time high now stands at $97,890 after a surge approximately 90 minutes ago. Among several factors, one metric to continue monitoring is the collective holdings of whale & shark wallets holding at least 10 BTC.

🐳 Over the past month, these wallets have collectively accumulated 56,397 more BTC, currently worth $5.428B. At the same time, there has been some interesting consolidation of these whale & shark wallets, as significantly more coins are held by these large addresses despite 1,256 less (-0.82%) of them existing compared to a month ago.

🧐 Regardless, following the overall amount of Bitcoin holdings from these key stakeholders will be a key signal to reveal how long this historic bull rally can last.

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