Small fish left, Bitcoin took whales: Tens of thousands of BTC changed hands like this

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Since the end of 2018, the number of those between 100-1000 BTC has decreased while the number of those between 1000-10,000 BTC has increased.

In the cryptocurrency world, investors with a large number of cryptocurrencies are described as “whales.” In the case of Bitcoin, a person or institution with 1000 or more BTC can be called a “whale”. Those with about 1000 BTC can be called “small whale”.

As the news went live, there are 2002 addresses with Bitcoin between 1000 BTC and 10,000 BTC. The data show that these whales have increased by 14.13 percent from December 2018 to today.

On the other hand, as of December 2018, there were 91 addresses with 10,000 BTC and more. Today, this number is 106. Addresses holding at least 10,000 BTC since the end of 2018 have grown by 16.48 percent.

Addresses holding 100 to 1000 BTC decreased
The number of wallets with at least 100 BTC in December 2018 was 14,809. Today this number is exactly 14,000. The table reveals that small traders sell their BTC to large traders. On Black Thursday, which took place on March 12, 2020, Bitcoin’s price dropped to $ 3600, popular exchanges such as Kraken, Binance, and Coinbase reported that there was a huge wave of buyers that day. Even the famous computer expert Edward Snowden announced that he wanted to buy Bitcoin for the first time in a while.

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