Seasoned blockchain researcher Elias Simos of Bison Trails shared statistics on Bitcoin (BTC) wallet cluster dynamics by on-chain analytical firm Glassnode. Note that this is not the number of addresses with at least 1000 BTC, but rather the number of entities. They bought 117,000 BTC worth $5.61 billion. Privacy Policy and In einem Bericht über Bitcoin Whales lieferte Glassnode am 30. Furthermore, individual whales are not getting richer. According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February.. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. Whales auf. Sie würden riesige Summen an BTC halten, sie würden den Markt manipulieren, sie würden gar nicht existieren oder es sind nur noch Whales im Bitcoin.. Diese Gerüchte drehen sich um Bitcoin Whales (Wale). News. Yes and no. According to Glassnode, whales started to heavily accumulate Bitcoin … If in January owners from 100 to 1,000 BTC sold a total of 95,000 coins worth $4.56 billion, in February such users, on the contrary, accumulated bitcoins. As per a report published by cryptocurrency market data collector Glassnode, large investors (also referred to as ‘whales’) in Bitcoin sold off huge quantities of Bitcoin this month. As Glassnode’s data shows, previous price peaks saw around 50% of BTC supply change hands during a bull run: In bull markets, old coins tend to move more. XRP: Regarding the increase in Bitcoin whales, the research company says that the number of addresses with +1,000 BTC showed an increase before the decline in March, as Glassnode argues: The number of whales (…) accelerated during and after the crash. While there is no single explanation of what caused these large holders to withdraw their BTC from exchanges, the chart in Figure 9 suggests that whales may have used Black Thursday as an opportunity to get in at the bottom and then withdraw their bitcoin to HODL for the longer term in anticipation of the next bull run. Bitcoin whales sold huge amounts of BTC in February, according to Glassnode, a data aggregator on the crypto market. As for the owners of wallets that store from 10 to 100 BTC, they are getting rid of the reserves of the first cryptocurrency for the fourth month in a row. According to the latest reports, new analysis from crypto intelligence company Glassnode is revealing massive whale activity amid Bitcoin’s meteoric ascent this year. While whales as a group are beginning to accrue more wealth once again, individual whales are growing slightly poorer. At the price of Bitcoin today, that’s looking at more than $3.84 billion USD investments. ADVERTISEMENT Glassnode’s graph illustrates that BTC whales have been gradually expanding their holdings during the same period to north of 2,000 such addresses. She is a writer, growth strategist, and analyst at Glassnode. Figure 6: Mean BTC balance held by whales over bitcoin's lifetime Amid the panic, whales were buoyant and confident, scooping BTC at a discount. Whales have been offloading their BTC this month after a sustained period of accumulation. If the number of whales continues to increase at the current rate, we may ostensibly see their USD wealth overtake the level reached in June 2019. Meanwhile, as per Glassnode data, the number of long-term BTC investors is rising, despite the recent 10 percent BTC decline, signifying that users are grabbing the dip. Bitcoin Supply Held By Whales Skyrockets As Glassnode Debunks High BTC Ownership Concentration Report. Special thanks to Kilian Heeg for the development of the charts used in this analysis. While Bitcoin sank to the sea floor, few whales sold off their holdings. It’s been just reported that the on-chain analytics platform looks at Coinbase, which it labels as the preferred venue of US institutions to accumulate BTC. Bitcoin whales increase after price crash. However, according to data from blockchain analytics website, Glassnode, the number of bitcoin wallets (Whale wallets) moving large amounts of bitcoin has skyrocketed to 100,000 since the start of 2020. Whale (1,000-5,000 BTC) Humpback (>5,000 BTC). Bitcoin Whales buying trend in January and offloading in February. February 24, 2021 | AtoZ Markets – Some of the big bitcoin holders have taken profits at highs. After decreasing since 2016, bitcoin's whale population is growing once again, having been on the rise almost continuously since January 2020. Glassnode revealed that bull markets generally follow a similar wealth transfer path over three distinct phases. However, profit-taking began in February. When we zoom out to view bitcoin's full history, we see that the BTC balance held by whales peaked in early 2016, and then started decreasing consistently. Much of the recent increase in the number of whales can be explained not by new money, but rather by existing wealthy entities withdrawing their BTC from exchanges. They have been accumulating BTC reserves for a long time, even in January, the whales added over 80,000 BTC to their wallets. New analysis from crypto intelligence company Glassnode is revealing massive whale activity amid Bitcoin’s meteoric ascent this year. So, what does this mean for the wealth of whales? Whales holding Ethereum (ETH) have decreased drastically in 2020, despite the currency’s surging prices and institutional adoption, if the latest data from on-chain analytics firm Glassnode is considered. As per on-chain data provider Santiment, bitcoin whales have been behind the recent correction. It also provides a hint as to why so many BTC are moving off exchanges, especially into whale wallets. As we have reported before, the total balance of BTC on exchanges has decreased significantly throughout 2020, specifically since Black Thursday. $54,125.00 On Feb 28, the Bitcoin price cratered below $44k, forcing some traders to liquidate their positions and book profits. Furthermore, the whale population has increased by more than 14% in the year to February 5, 2021. Juni 2020 Insights in ein kontrovers diskutiertes Thema. According to the analytical company Glassnode, since the beginning of February, cryptocurrency whales have sold more than 140,000 BTC. The reason that new whales are not bringing the average whale wealth down even further is because some of them may still be quite large. Diese Bewegungen können uns Einblicke in die Marktdynamiken liefern. Santiment analytics company says that, over the past three weeks, Bitcoin whales have been pretty active with transactions. Source: Glassnode. Whales Fleeing ETH Bitcoin’s now-concluded halving saw the pioneer cryptocurrency’s price move from sub-$5,000 in January 2020 to over $10,000. The whales have been offloading their bitcoin this month after a long period of accumulation. Let us know in the comment section below. Whales took advantage of falling Bitcoin prices to accumulate, on-chain data from GlassNode reveals. Bitcoin Supply Held By Whales Skyrockets As Glassnode Debunks High BTC Ownership. According to Glassnode, the number of Bitcoin whales - the number of wallets with more than a thousand BTC - has reached a new all-time high. Over the last week, the number of whale addresses with a minimum of 1000 BTC dropped ~2% from 2,462 a week back to now at 2416. the average BTC wealth of each whale) has been in decline since 2011, and has not meaningfully increased in 2020 alongside the number of whales. The on-chain analytics platform looks at Coinbase, which it labels as the preferred venue of US institutions to accumulate BTC, to show the rapidly dwindling Bitcoin balance on the crypto exchange. These whales now hold 62.62% of the BTC supply. Observing such phases can allow investors to estimate where the BTC market is currently. We define whales as entities with a balance of at least 1000 BTC. All Rights Reserved. $2,088.91 This site is protected by reCAPTCHA and the Google Elon Musk's pump is followed by Lindsay Lohan's dump. Terms of Service apply. But where are these new whales coming from? Glassnode definieert elk adres dat tussen 1.000 BTC en 10.000 BTC bezit als een “whale”, terwijl “humpback whales” meer dan 10.000 BTC bezitten. HODLers Bought the Dip When BTC/USD Fell Below $44k. According to Glassnode, some whales, at least, remained undeterred. As such, we can look at whale dominance (that is, the proportion of BTC held by whales) to determine their share of the market over time. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. Thank you for subscribing. Liesl is a blockchain and open source software advocate with a background in organisational design, law, and political science. The number of bitcoin “whales” holding at least 1,000 BTC rose to new heights during Monday's sell-off. We can see that this decrease in the balance of BTC on exchanges coincides with the increase in the number of bitcoin whales. Bitcoin whales are multiplying on a daily basis, which means wallet addresses holding a larger sum of Bitcoin are also increasing. © 2021 AtoZ Markets. BTC: $2,012B Think we missed something? Whales offloaded 140,000 Bitcoin this month Immer wieder tauchen Diskussionen um sog. The effect was strongest directly after Black Thursday, when the flow of BTC from exchanges to whales increased significantly. Your subscription could not be saved. Whales accumulate Bitcoin. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. According to Glassnode, there was a peak in whale activity, as the large-scale investors bought Bitcoin at around 80,000 Bitcoin accumulated to the addresses. Bitocin-Whales haben neuesten Daten des Aggregators Glassnode zur Folge in diesem Monat größere Mengen an Bitcoin (BTC) verkauft. Where are these whales coming from, and are they hoarding more BTC than ever? Also note that throughout this article, exchanges are excluded from our analysis unless otherwise specified. Interestingly, smaller holders behaved differently. We know they have a smaller (albeit slowly growing) share of the "bitcoin pie" than they did in the past - but how much wealth does this represent, considering the pie has gotten bigger? This means that while we are seeing more whales, they are more like "belugas" rather than "blue whales"; individual whales are not getting richer on average. According to Glassnode, Bitcoin whales – addresses containing between 1,000 and 10,000 BTC – consumed a large amount of BTC in February. Glassnode – Whales Sold Off 140,000 Bitcoins in February. According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Uit het rapport bleek dat het aantal whales in het jaar tot 5 februari 2021 met meer dan 14% toenam. $1.24 As of January 2021, the Bitcoin supply distribution across these categories looks as follows: Figure 1 – The estimated distribution of Bitcoin supply across network entities as of January 2021. In order to assess whales' overall dominance in the market, however, we must account for the fact that the total bitcoin supply was lower in earlier years. As of Tuesday, the number of bitcoin whales, as represented by the tally of unique entities holding at least 1,000 coins, was 1,840. However, in order to reach a new all-time high in USD wealth, we would likely have to see an increase in market cap, as whale dominance is not likely to increase dramatically enough to cause USD wealth to overtake 2017 bull market levels. Despite the increase in whale holdings this year, the balance of BTC held by whales is still well below the peak. Glassnode analysts call “whales” bitcoin holders with reserves of more than 10,000 BTC. Enter your email address to get the latest news, updates, and exclusive advice from the experts. Despite the recent increase in the number of BTC held by whales, as a group they are still not as rich (in USD terms) as they have been at certain times in the past, with the highest USD wealth having been reached at the peak of the market in late 2017. Conversely, as the retail investors accumulated, the whales’ share of the BTC remained relatively flat. In addition, we remove known exchange and miner entities from these categories and treat them separately.