The 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin in the past 30 days.
In total, these addresses added an additional 334,000 Bitcoin to their bags, or roughly $ 11 billion.
The majority barely reacted to Bitcoin’s recent price drop from $ 41,000 to less than $ 33,000. Only seven addresses have transferred out of the wallet since the most recent all-time high on January 10.
Of the addresses that have completed transactions in the past 30 days, only eight have more than ten transactions under their name since December 12.
Surprisingly perhaps, many of the larger addresses have yet to experience an uptrend, with eight of the top ten receiving their first trade later than September 2018. The most recent of the top 100 is only two months old. .
However, not all of them are individual whales. The addresses include at least ten controlled by exchanges such as Huobi, Binance, Bittrex, and Kraken. The others are believed to be a mix of institutional investors and wealthy hodlers, it is almost impossible to tell the difference between the two. What is clear, however, is that the big ones are not easily swayed by price or sentiment.
To climb to the top of Bitcoin addresses, you need to hold more than $ 336 million in BTC. About $ 2.2 billion is needed to reach the top ten.
The addresses on this prestigious list have often attracted attention for a variety of reasons, including one believed to be owned by Satoshi Nakamoto himself.
The third richest address, with 94,506 BTC intact, made headlines in September 2019 after Glassnode reported that 73,000 of the BTC in the wallet had been transferred from Huobi. It was presumed to be the richest no-trade address.
According to BitInfoCharts, 64 of the top 100 never saw a single satoshi transferred.
These addresses, which currently control over 2.5 million BTC (13.5% of the circulating supply) worth nearly $ 85 billion, include 15 inactive addresses. Eleven are over nine years old. While no one can prove that the 300,000 BTC held by these addresses were lost, most assume so.