The biggest whales in the Bitcoin ecosystem accumulated approximately 1.3 billion dollars worth of Bitcoin in just one day.
According to data shared by the blockchain analytics firm, IntoTheBlock, Bitcoin whales may have “finally started buying from the bottom.”
Controlling more than 0.1% of the total circulating Bitcoin supply, Bitcoin whales accumulated 19,760 bitcoins in their wallets within a day.
It was reported that the average purchase price per unit for the big whales was about $62,500.
The IntoTheBlock team said, “Historically, the price of Bitcoin has often risen after these addresses accumulate.”
Bitcoin, which successfully completed its fourth halving today, has not shown significant movement yet and is trading just below $64,000.
