Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Two-Year High for Bitcoin’s Whales – What Does That Mean for You?
Bitcoin

Two-Year High for Bitcoin’s Whales – What Does That Mean for You?

2024-07-21No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Whale wallets collected more than 7 million BTCs
  • Cryptocurrency has remained above $66,000 despite declines on a few fronts

Bitcoin whale wallets have been consistently accumulating BTC over the years and recently reached all-time highs. At the same time, BTC has regained a price level from which it had previously fallen, indicating a possible recovery or stabilization of the market price.

This price increase has also been accompanied by an increase in the number of new addresses.

Bitcoin whale wallets have reached a milestone

According to data from InHetBlokBitcoin whales have reached a major milestone in their accumulation efforts. The balance of wallets holding 1,000 or more BTC has increased to more than 7.9 million Bitcoins.

If calculated at current market rates, these assets would be valued at almost $529 billion. This amount represents a significant portion of Bitcoin’s total market capitalization, which is over $1.3 trillion.

This level of accumulation is notable because it has not been visible for the past two years, indicating a significant increase in assets from these portfolios.

Such a trend means that these large investors are holding their positions with more conviction or actively accumulating more BTC. Either way, it’s betting on its long-term value despite any short-term market volatility.

Slight spike in new Bitcoin addresses

The aforementioned data analysis also indicated a positive trend in the Bitcoin network, a trend characterized by both growing ownership of Bitcoin’s whale wallets and an increase in the number of daily new addresses.

After a sharp drop in the charts, the number of new Bitcoin addresses started to increase around July 13, from about 244,578 to almost 291,000.

Bitcoin new addressesBitcoin new addresses

Source: Glassnode

This upward trend in the creation of new addresses is a sign of renewed interest or influx of new participants. The growth of new addresses could contribute to greater network activity and liquidity, which could lead to stronger price developments.

See also  Trump-backed NFT collection debuts on Bitcoin's ordinal protocol

These trends, seen in combination with the significant accumulation by Bitcoin whales, paint a picture of the current state of the market.

While large holders have continued to consolidate their positions, signaling confidence in BTC’s long-term value, new users entering the market can add trading volumes.

BTC enters a new price zone

Another analysis of Bitcoin’s price trend revealed a significant increase at the end of the trading session on July 19, with an appreciation of over 4%. This increase boosted the cryptocurrency from approximately $64,000 to $66,000 on the charts.

Bitcoin price developmentBitcoin price development

Source: TradingView


– Read Bitcoin (BTC) price prediction 2024-25


As a result of this price increase, the value of Bitcoin in whale wallets – which hold 1,000 or more BTC – has increased, totaling approximately $529 billion.

Here it is worth pointing out that although there has been a slight decline in Bitcoin’s price since this peak, it has since managed to maintain its position within the $66,000 range.

Next: Analyst – WIF’s 56% weekly gain could be the start of ‘great’ 6-12 months

Source link

Bitcoins high twoyear Whales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Nexus Chain Poised to Revolutionize Blockchain Technology Ahead of Ethereum’s Dencun Upgrade

2024-03-09

Bitcoin Volatility Shrinks To Historic Levels, Violent Movement Ahead?

2023-05-22

Bitcoin has reached an all-time high! Then collapsed (taking over the market), this is why we don’t worry…

2024-03-06
Editors Picks

Promoting Innovation on Bitcoin Blockchain

2023-06-11

Bitcoin breaks $31,000 as it continues to shake off recent slumps

2023-06-23

3 big events that can shake crypto -markets this week!

2025-04-21

XDC skyrockets with 74% gain

2023-07-25

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,912.06-0.94%
  • ethereumEthereum(ETH)$2,396.16-4.51%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.31-3.58%
  • binancecoinBNB(BNB)$638.68-1.04%
  • solanaSolana(SOL)$161.01-6.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.216120-3.09%
  • cardanoCardano(ADA)$0.72-5.05%
  • tronTRON(TRX)$0.262077-3.75%
  • suiSui(SUI)$3.65-4.95%
  • chainlinkChainlink(LINK)$15.13-3.73%
  • avalanche-2Avalanche(AVAX)$21.56-6.50%
  • stellarStellar(XLM)$0.279152-4.11%
  • hyperliquidHyperliquid(HYPE)$25.56-3.88%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.03%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.98%
  • hedera-hashgraphHedera(HBAR)$0.186551-4.08%
  • bitcoin-cashBitcoin Cash(BCH)$382.23-4.47%
  • the-open-networkToncoin(TON)$2.97-4.17%
  • litecoinLitecoin(LTC)$95.12-3.62%
  • polkadotPolkadot(DOT)$4.47-6.02%
  • moneroMonero(XMR)$344.401.45%
  • bitget-tokenBitget Token(BGB)$5.17-1.27%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000013-4.67%
  • piPi(PI)$0.72-3.48%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.71-4.13%
  • bittensorBittensor(TAO)$389.34-8.47%
  • aaveAave(AAVE)$219.80-2.62%
  • nearNEAR Protocol(NEAR)$2.67-3.71%
  • aptosAptos(APT)$4.97-4.52%
  • okbOKB(OKB)$51.92-2.34%
  • ondo-financeOndo(ONDO)$0.89-5.13%
  • kaspaKaspa(KAS)$0.103760-7.05%
  • ethereum-classicEthereum Classic(ETC)$17.67-4.34%
  • internet-computerInternet Computer(ICP)$5.03-4.62%
  • gatechain-tokenGateToken(GT)$21.36-0.99%
  • crypto-com-chainCronos(CRO)$0.093871-5.29%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.46-4.07%
  • mantleMantle(MNT)$0.73-1.28%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229795-3.61%
  • vechainVeChain(VET)$0.027045-5.14%
  • render-tokenRender(RENDER)$4.38-6.21%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • ethenaEthena(ENA)$0.348380-8.02%
  • filecoinFilecoin(FIL)$2.76-4.45%
  • algorandAlgorand(ALGO)$0.212538-4.60%
  • cosmosCosmos(ATOM)$4.64-3.36%
  • bitcoinBitcoin(BTC)$102,912.06-0.94%
  • ethereumEthereum(ETH)$2,396.16-4.51%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.31-3.58%
  • binancecoinBNB(BNB)$638.68-1.04%
  • solanaSolana(SOL)$161.01-6.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.216120-3.09%
  • cardanoCardano(ADA)$0.72-5.05%
  • tronTRON(TRX)$0.262077-3.75%
  • suiSui(SUI)$3.65-4.95%
  • chainlinkChainlink(LINK)$15.13-3.73%
  • avalanche-2Avalanche(AVAX)$21.56-6.50%
  • stellarStellar(XLM)$0.279152-4.11%
  • hyperliquidHyperliquid(HYPE)$25.56-3.88%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.03%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.98%
  • hedera-hashgraphHedera(HBAR)$0.186551-4.08%
  • bitcoin-cashBitcoin Cash(BCH)$382.23-4.47%
  • the-open-networkToncoin(TON)$2.97-4.17%
  • litecoinLitecoin(LTC)$95.12-3.62%
  • polkadotPolkadot(DOT)$4.47-6.02%
  • moneroMonero(XMR)$344.401.45%
  • bitget-tokenBitget Token(BGB)$5.17-1.27%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000013-4.67%
  • piPi(PI)$0.72-3.48%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.71-4.13%
  • bittensorBittensor(TAO)$389.34-8.47%
  • aaveAave(AAVE)$219.80-2.62%
  • nearNEAR Protocol(NEAR)$2.67-3.71%
  • aptosAptos(APT)$4.97-4.52%
  • okbOKB(OKB)$51.92-2.34%
  • ondo-financeOndo(ONDO)$0.89-5.13%
  • kaspaKaspa(KAS)$0.103760-7.05%
  • ethereum-classicEthereum Classic(ETC)$17.67-4.34%
  • internet-computerInternet Computer(ICP)$5.03-4.62%
  • gatechain-tokenGateToken(GT)$21.36-0.99%
  • crypto-com-chainCronos(CRO)$0.093871-5.29%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.46-4.07%
  • mantleMantle(MNT)$0.73-1.28%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229795-3.61%
  • vechainVeChain(VET)$0.027045-5.14%
  • render-tokenRender(RENDER)$4.38-6.21%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • ethenaEthena(ENA)$0.348380-8.02%
  • filecoinFilecoin(FIL)$2.76-4.45%
  • algorandAlgorand(ALGO)$0.212538-4.60%
  • cosmosCosmos(ATOM)$4.64-3.36%