According to BitInfoCharts data, the top 100 Bitcoin addresses added 334,000 more BTC to their Wallets. That is, which is equivalent to about 11 billion dollars.
In fact, they have accumulated 16% more Bitcoin in the last 30 days.
Despite Bitcoin’s price drop from $ 41,000 to less than $ 33,000, only seven addresses made a transfer outside of the wallet. All this, from the historical maximum of last January 10.
Indeed, of the addresses that have made transactions in the last 30 days, only eight have accumulated more than 10 transactions since December 12.
It is worth mentioning that many of the largest addresses have yet to see an uptrend, and eight of the top ten that received their first transaction after September 2018. The newest among the top 100 is only two months old. .
However, they are not all individual whales. The addresses include at least ten controlled by exchanges, such as Huobi, Bittrex, Kraken, and Binance.
The rest are also believed to belong to a mix of wealthy hodlers and institutional investors.
How can I get to the top 100?
Very important, to get to the top 100 of Bitcoin addresses, it is necessary to have more than 336 million dollars in Bitcoin.
Similarly, to reach the first ten addresses, it takes about $ 2.2 billion.
As a curious fact, the third richest address, with 94,506 BTC intact, in September 2019 was part of the headlines, after Glassnode reported that 73,000 of the BTC in the wallet, had been transferred from Huobi.
According to BitInfoCharts, 64 of the top 100 have never seen a single satoshi transferred.
These addresses, which currently control more than 2.5 million BTC, with a value of almost $ 85 billion, include 15 inactive addresses. Eleven are over nine years old.
By the way, the richest Bitcoin addresses have always been the center of attention for different reasons. Some researchers go through the main addresses, looking for the footsteps of Bitcoin’s creator, Satoshi Nakamoto.
Others study data to track the maneuvers of cryptocurrency whales and predict market manipulation.
While 2021 looks bullish for the crypto market, there is always an unexpected price drop.
Therefore, it will remain important for savvy investors to follow the top of the major Bitcoin directions.
I close with this phrase by Jake Gyllenhaal: «The true value of an object is the price that someone is willing to pay».