Bitcoin Whale Watching Gone Wild: Last 30 Days of the Top 100 BTC Whales’ Wallets Updates
The Last Month's Activity – What the Top 100 Bitcoin Whales’ Wallets Have Seen Change
This year is starting to see some major changes in the way that cryptocurrency is behaving, and there are already some changes in the top 100 Bitcoin whales’ account balances. A top 100 Bitcoin whale is one of the major spenders and traders in the crypto industry for Bitcoin that accounts for a substantial portion of Bitcoin use.
Recent bitinfocharts show that 7 whales were accountable for selling 26,519.05 BTC, while 13 whales accounted for 97,456.46 BTC. Here's a look at the top 20 bitcoin wallet addresses below:
Clearly, these results show that Bitcoin is bringing in more buying power than selling power right now. Of the top 28 addresses, only one of the wallets decreased in the Bitcoin owned, which is assigned to Bitfinex-coldwallet. The wallet moved out 19,123 BTC from a cold wallet. Increasing the most is the top 47th wallet, which added 20,000 more BTC
Eric Stone, who is known as the head of data science at Flipside Crypto, said that he sees the Bitcoin whales as losing some of their power in the market since the final quarter of 2018. Over the last three months, however, the Bitcoin whales have been more active than they have been lately, bringing more active coins.
Stone believes that the recent activity could make it possible to loosen the hold that the Bitcoin whales had on the market.
New Flipside Crypto research shows that there is about 99% of all Bitcoin can be found amongst 8.59% of the non-empty Bitcoin wallets, which is increased by almost 2% since November 2017. Around that time is when Bitcoin prices had jolted upwards to nearly $20,000.
The wealth found with Bitcoin has become much more diverse than in January 2016, which is around the time that nearly the same percentage of non-empty wallets held the coins. Even though this change is clearly positive for the industry, the pace of progress has been exceedingly slow.
As far as today's $14 billion market wipe out, Bitcoin recorded an 8% drop and fell down to $3,850 price range despite seeing $10.8 billion in trading volume as BTC price looks to stay the course in the coming days and weeks awaiting the next big rally into mainstream adoption and use cases.