The top 100 Bitcoin addresses bought 350,000 more BTC in the past 30 days.

The top 100 richest Bitcoin addresses are increasingly bullish, having bought 16 percent more Bitcoin in the past 30 days.

In total, these addresses bought 334,000 more Bitcoin. That corresponds to a value of around 11 billion US dollars

The majority barely reacted to Bitcoin’s recent drop in price from $ 41,000 to below $ 33,000. Only seven addresses have transferred out of the wallet since the last all-time high on January 10th.

Of the Bitcoin Victory that have transacted in the last 30 days, only eight have transacted more than ten since December 12th.

It may come as a surprise that many of the largest addresses have not yet seen a bull run, as eight of the ten largest addresses only received their first transaction in September 2018. The newest address in the Top 100 is only two months old.

Not all are whales, however. Among the addresses are at least ten that are controlled by exchanges like Huobi, Binance, Bittrex, and Kraken. The rest probably belongs to a mix of institutional investors and wealthy hodlers. However, it is almost impossible to tell which belongs to whom. It is clear, however, that the big players are not so easily influenced by courses or moods.

In order to rise to the top ranks of Bitcoin addresses, one must have more than 336 million US dollars in BTC. Around 2.2 billion US dollars are needed to get into the top ten

The addresses on this prestigious list have often attracted attention for a variety of reasons . This includes one believed to belong to Satoshi Nakamoto himself.

The third-richest address with 94,506 BTC dormant made headlines in September 2019 after Glassnode reported that 73,000 of the BTC in the wallet had been transferred from Huobi . It has been suggested that it is the richest non-stock market address.

According to BitInfoCharts , 64 of the top 100 have never moved a single Satoshi.

Among those of these addresses, which currently control more than 2.5 million BTC (13.5 percent of the supply in circulation) valued at nearly $ 85 billion, are 15 dormant addresses. Eleven are more than nine years old. While no one can prove that the 300,000 BTC residing on these addresses has been lost, most assume it is.

Categories: Bitcoin

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