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    Home » Crypto-whales were actively buying Bitcoin during the market subsidence, report Diar

    Crypto-whales were actively buying Bitcoin during the market subsidence, report Diar

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    By BlockchainJournal on May 29, 2019 News
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    The return of Bitcoin to the levels of August 2018 coincided with an increase in the number of wallets, the remainder in which is from 1,000 to 10,000 BTC, the analytical portal Diar draws attention.

    In total, about 450,000 BTC were collected on BTC-wallets of “crypto whales” for 9 months, with which the share of their assets in the total volume exceeded 26%, which is equivalent to $ 36 billion at the current rate. In August 2018, such wallets accounted for less than 20% of the total Bitcoin emissions.

    According to Diar, this group of wallets grew faster than the rest in the reporting period. About 40% of Bitcoin coins issued since the beginning of 2019 were concentrated on them. In addition, since last January, such wallets have collected about half of the new Bitcoin offer.

    The amount of funds on wallets with a balance of 0–100 BTC or “retail-size” wallets has also increased – by 126,000 BTC – and currently accounts for 38% of the total working volume of cryptocurrency . According to analysts, the owners of these wallets could hardly be the main reason for the recent growth.

    Finally, since the beginning of 2018, over 300,000 BTC left the largest addresses, including the exchange addresses. In the past, they contained more than one fifth of the total turnover of Bitcoin, and today only 16%.

    Publication date 29.05.2019
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