Crypto analytics firm Santiment is revealing that deep-pocketed investors are swiftly scooping up BTC as the number of Bitcoin whales hits an all-time high.
The firm says that the number of whales holding a minimum of 1,000 BTC broke records earlier this week.
“Bitcoin’s number of whale addresses with at least 1,000 BTC has reached an all-time high of 2,323 with Tuesday’s market close (January 5th, 2021).”
According to the on-chain insights platform, the growing number of Bitcoin whales is a positive signal for BTC’s bull market.
“There may not be a more notable bullish metric than one pointing to growing holders with $33.7M+ on the line.”
Data from US-based crypto exchange Kraken corroborates Santiment’s conclusions. Kraken says the growing number of Bitcoin whales, as well as the movement of the flagship crypto asset from exchanges to