Crypto whales have accumulated over $10 billion worth of Bitcoin (BTC) in the last six months, according to data from market intelligence platform IntoTheBlock. The report suggests that investors holding between 100 and 1,000 BTC have been steadily buying more, despite market fluctuations. These addresses now control 20.3% of the circulating supply, equivalent to 4.01 million BTC, up from 3.82 million BTC six months ago. However, the firm warns that short-term holders may capitulate and sell, creating pressure on Bitcoin’s price.
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