Whales Hoard $90 Million In Bitcoin: A Sign Of What’s To Come?

Bitcoin whales have stockpiled $90 billion in BTC since May, a period marked by range-bound market conditions. According to an open disclosure by Axel Adler Jr. of CryptoQuant, investors holding over 1,000 BTC have seen rapid growth in their balances.

Whale Appetite Grows

Over the past six months, they accumulated about 1.5 million BTC, representing a massive inflow of capital worth approximately $90 billion at an average price of $60,000. However, these tokens came from weaker hands that sold at a loss.

1.5M BTC has been accumulated by whales (with >1K BTC on balance) over the last 6 months.

There’s really nothing to discuss here. pic.twitter.com/7cAVWVEK15

— Axel