Bitcoin BTC/USD whales are apparently well into their mating season, with blockchain data showing that their numbers are multiplying to reach significant heights.
What Happened: Blockchain data for the number of Bitcoin addresses holding at least 10,000 BTC — worth nearly $300 million — just exceeded 100 and reached 101, a 16-month-high. The data was shared in a Sunday tweet by Glassnode Alerts the Twitter profile sharing on-chain trends of blockchain data firm Glassnode.
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A separate Sunday tweet by Glassnode alerts shows that the amount of Bitcoin's supply that was not moved for at least 10 years reached an all-time high of nearly 2.45 million BTC, or about $7.34 billion as of press time. Bitcoin not being moved from addresses that only accumulate more assets is probably the most fertile Bitcoin whale breeding ground.
BTC Price Action: As of press time, Bitcoin is trading at $30,062 after seeing its value increase by about 1.2% over the last 24 hours.
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