A new data from digital assets analytics firm Santiment reveals that a huge crypto whale has moved a massive $450 million worth of Bitcoin (BTC) from one unknown wallet to another and this has been followed by Bitcoin whales gobbling up a whopping 64,094 Bitcoin, bringing their combined total holdings to 8.7 million.

At the time of the move, the fee for the transaction was nearly $28 and the Bitcoin was trading for nearly $29,000. After this whale’s transaction, Bitcoin whales have quietly started accumulating the king of crypto after selling for profits on April 11 when the rate briefly crossed the $30,000 mark. Since April 11 Bitcoin whales have added a significant amount of Bitcoin to their bags which has brought their total combined holdings to 8.7 million.

At the time of writing, Bitcoin is trading for $28,800, 1.5% lesser than the rate 24 hours ago. This slight reduction in the value is of little significance since the recent days and weeks have seen Bitcoin reaching unprecedented heights despite trading at a considerable low throughout 2020. This has come can be attributed to institutional investors buying up large amounts of Bitcoin giving it the momentum that it needs to reach new highs. One thing is for sure that the crypto market will continue to be watched closely from institutional investors and crypto whales in the following days and months.



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