Bitcoin’s 30% recovery in two weeks has BTC whales back in accumulation mode By Cointelegraph

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© Reuters.

(BTC) addresses holding at least 1,000 BTC, the so-called whales, have started accumulating more tokens during the recent market recovery. As of Feb. 10, the total supply in these addresses was 8.096 million BTC versus 7.95 million on Jan. 24, according to data from Coin Metrics.

The buying sentiment among the richest crypto investors picked momentum during Bitcoin’s recovery in the past two weeks as BTC rebounded from its 2022 low of $33,000 on Jan. 24 to around $43,500 on Feb. 11.

Bitcoin supply in addresses greater than 1,000 BTC. Source: Coin Metrics, Messari
Bitcoin on-chain divergence. Source: Coin Metrics, Ecoinometrics
Net flows into digital assets as of Feb. 4, 2022. Source: CoinShares, Bloomberg
Bitcoin aggregated risk level. Source: Ecoinometrics
Bitcoin volume profile. Source: Whalemap