Even though the prices of Bitcoin have fallen significantly in the last few weeks, crypto whales are still buying Bitcoin (BTC).
As per the data provided by market analytics firm Santiment, whale addresses holding Bitcoin between 1,000 and 10,000 have risen to 40,000 additional BTC in just two days.
The data discloses that the whales now hold the same amount of BTC as they held in December before they began dumping their holding for $49,000.
At the time of writing, Bitcoin was trading at $35.174.31 and was down by more than 25% from where it was priced one month ago.
Sentiment data also revealed that 8.91 million more Bitcoins are sitting in non-exchange wallets, in comparison to what it was a decade ago. The off-exchange amount of Bitcoin has now reached its all-time high of nearly 17 million tokens.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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