Bitcoin whales have purchased over $750 million worth of Bitcoin in the past three months, according to crypto analytics firm Santiment. These whales, which hold at least 100 BTC each, collectively own 11.5 million BTC, accounting for 59.2% of the total supply. The on-chain transaction volume of wrapped Bitcoin (wBTC) has also surged, indicating that high-net-worth traders are moving the digital asset out of crypto exchange platforms. Despite a slight decrease in price, Bitcoin is currently trading at around $29,280.
AI Sentiment: Positive
