Santiment analysts put wallets holding between 1 000 and 10 000 BTC on the whale list. Experts believe that bitcoin is now in a phase of consolidation before a new spurt upwards.
And large holders of the first cryptocurrency take advantage of this and accumulate coins.
“Over the past five weeks, we’ve seen the big whales have seen a steady increase in stocks.
The last time they started hoarding coins, in January, the bitcoin exchange rate jumped 34% at once,” Santiment analysts said.
Although the bitcoin rate is unlikely to reach $45 000 in the near term, experts speculate, it may well happen in a few months.
Popular cryptocurrency analyst Ton Weiss believes that the probability of growth of the first cryptocurrency is markedly higher than the chance of decline.
Bitcoins aren’t just hoarded by big investors. Recently it was reported that the number of addresses with at least 1 BTC stored exceeded 1 million.