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Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars

Sat, 06/25/2022 - 20:00
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Yuri Molchan
Whales have been accumulating Bitcoin heavily on the dip
Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars
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Glassnode analytics agency has reported that the number of BTC addresses that hold 10,000 Bitcoins has spiked to 100.

At press-time, 10,000 BTC is worth $213,313,000 in accordance with the current exchange rate of Bitcoin against the USD.

As covered by U.Today earlier this week, Bitcoin miners have been selling their BTC heavily as of late, striving to break even and pay for their loans and cover other expenses.

DOGE Co-Founder and Alex Kruger Opine on Reason of Bullish Crypto Reverse

At the same time, whales have been buying Bitcoin actively as wallets holding from 10 to 10,000 Bitcoins have surged in number in the past two weeks. As for addresses that contain 10,000 BTC and more, their amount has increased since February this year.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at