Bitcoin’s Bull Run Gets A Boost From Whale Accumulators, But Retail Still The King In Ownership
Posted On December 16, 2024
Bitcoin’s (CRYPTO: BTC) record-breaking run to $106,000 has been considerably boosted by a spurt in whale investor holdings, on-chain data revealed Sunday, although retail continued to control the majority supply.
What Happened: Since the bull rally commenced on Oct. 10, there has been a net increase of 1,582 more wallets holding at least 100 BTC, blockchain analysis firm Santiment reported on X.
The jump, from 16,072 to 17,644, over nine weeks, reflected a gain of nearly 10%. In the same period, Bitcoin rallied by 77%.