In a significant development, Bitcoin’s whale addresses have marked a notable surge, with 16 new addresses added within a 24-hour, as Santiment reported.

This surge coincides with Bitcoin’s ongoing attempt to break the crucial $27,000 resistance level.

Bitcoin Whales Number Increase

Santiment’s data highlights that this surge in whale addresses, specifically those holding between 100 to 1,000 BTC, represents the most substantial one-day increase since February 28, 2022.

With these new additions, this cohort’s total count of addresses now stands at 13,967.

However, it’s worth noting that this growth is partially due to smaller wallets progressing into the next tier. Presently, 140,210 addresses hold between 10 and 100 BTC.

Earlier, Santiment disclosed that wallets containing at least 10 BTC had witnessed a historic rise since February 2022. Since March 2022, there have been 11,806 new addresses for holdings of 10+ BTC, indicating an 8.12% growth in these retail-oriented addresses.

Concurrently, the recent upt

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details