Bitcoin Whales Accumulating BTC At Current Prices – What Do They Know?
Source: Santiment/Twitter Bitcoin (BTC) whales are again accumulating BTC, with more and more traders now asking themselves what these whales know that the rest of us don’t. According to data from the crypto analytics platform Santiment, the so-called Bitcoin whales, defined as wallet addresses holding between 100 BTC and 10,000 BTC, have added a total of 46,173 BTC to their holdings since September 27. In a tweet published earlier this week, Santiment called the increase a “sustained accumulation” by whales and noted that this has been “a rarity in 2022.” The firm added that the increase in BTC holdings has come as large holdings of the stablecoin Tether (USDT) have dropped. The finding indicates that some of the largest players in the Bitcoin ecosystem are using stablecoins to add to their BTC holdings. This also means that any price rallies seen in recent days have most likely been stablecoin-driven, without support from a significan...