Cryptocurrency analytics company Santiment has shared new data on the remarkable accumulation of Bitcoin ($BTC) by large investors. According to the company, the total assets of Bitcoin whales have reached their highest level since April.
According to data shared by Santiment, wallets holding between 10 and 10,000 $BTC have accumulated approximately 88,987 $BTC since September 19th. These purchases over the past month have pushed the total Bitcoin holdings of this investor group to over 13.69 million $BTC, reaching their highest level in six months.
The analysis firm noted that this group of investors has shown a strong correlation with significant Bitcoin price movements in the past. Therefore, it was stated that the accumulation and selling behavior of large investors could provide important clues about the future direction of the market.
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