April 26, 2024

Large Bitcoin Holders Buy Coins Below $ 60,000

Large Bitcoin Holders Buy Coins Below $ 60,000

Cryptoanalytics company Santiment reports that major Bitcoin whales are buying up coins, while the leadingthe crypto asset is consolidating below $ 60,000.

In a new tweet from Santiment, it is reported that the flagship cryptocurrency has been constantly accumulating on the accounts of whales holding between 100 and 1,000 bitcoins from February 1 to March 21.

The company added that the super-large whale accounts holding between 10,000 and 100,000 bitcoins increased their BTC balances during the last drop.

In February, cryptokitties holding from 100,000 to 1,000,000 BTC bought a huge amount of coins; in the first half of March, the state of their wallets remained practically unchanged.

For whales with stocks ranging from 1,000 to 10,000 BTC, this group lost as much bitcoin as smaller whales accumulated over the same time period.

«As you might expect, not allBitcoin whales behave the same way. However, over the last couple of months we have seen interesting trends, for example, 100-1000 BTC addresses have added 353,000 BTC since February 1st, while 1000-10,000 addresses have lost 300,000 BTC».

Large Bitcoin Holders Buy Coins Below $ 60,000

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Bitcoin hit a record high of $ 61,711.87 on March 13, but lost almost 11% of its value a week later, according to CoinGecko. At the time of writing, it is trading at $ 55,200.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Large Bitcoin Holders Buy Coins Below $ 60,000

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