Large investors have invested $726 million in bitcoin over the past 9 days

In three weeks, 159 wallets containing between 100 and 10 000 BTC were created

15.12.2022 - 11:30

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2 min

What’s new? According to analytics company Santiment, addresses with balances between 100 and 10 000 BTC have bought 40 747 coins ($726 million) in the past 9 days. As of December 15, there are 15 848 such wallets or 0,0364% of the total number of bitcoin addresses (43 460 000). In addition, 159 wallets containing between 100 and 10 000 BTC have been created in the past three weeks. This is the fastest growth in the number of large addresses in the past 10 months. There have also been significant purchases of stablecoins.

Santiment’s material

What else did Santiment report? Investors are interested in stablecoins such as Tether (USDT), Binance USD (BUSD), USD Coin (USDC), and Dai (DAI). For example, addresses holding between $100 000 and $10 000 000 hold 31,48% of the USDT supply, 38,33% of USDC, 7,01% of BUSD, and 37,59% of DAI.

Tether’s key addresses have collectively increased buying power by $817,5 million in the last 3 days, a 7% increase from before December 10, 2022. Binance USD wallets, in turn, increased by $104,9 million (+9%).

According to analysts at Santiment, the accumulation of digital assets is a sign that “crypto is far from dead.”

As of December 15, 11:10 UTC, BTC is trading at $17 668, down by 0,87% in 24 hours, according to Binance.

According to Glassnode, the number of bitcoin wallets with balances over 10 000 BTC increased significantly in November. Thus, on November 17, the figure rose to 40 000. Later, Glassnode reported that the number of bitcoin millionaires dropped by 80% over the year. As of November 25, there were only 23 345 wallets with a balance of 1 million BTC or more. On November 8 last year, the figure was 112 898.

Santiment experts said in December that Polkadot (DOT), Monero (XMR), and Stellar (XLM) tokens were showing bullish signals.

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