50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Whale Addresses Have Bought $726 Million in BTC in the Past 9 Days

Published 12/15/2022, 04:23 PM
Updated 12/15/2022, 04:45 PM
© Reuters Whale Addresses Have Bought $726 Million in BTC in the Past 9 Days

  • The global crypto market cap has fallen 1.08% over the last 24 hours.
  • Recent data from Santiment suggests that it is the perfect time to buy crypto.
  • BTC’s price stands at $17,745 at press time.

The global crypto market cap is down 1.08% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, the figure stands at $861.01 billion.

With the crypto market cap dropping in the last day, recent data from Santiment suggests that now is the perfect time to buy crypto as many investors have identified the bottom over the last 7 days.

In a tweet made this morning by the blockchain analysis firm, it was shared that Bitcoin (BTC) addresses holding between 100 to 10,000 BTC have bought $726 million in BTC in the past 9 days.

The tweet added that “stablecoin assets like USDT, BUSD & DAI are also being bought quickly.” Santiment believes that this is “a recipe for good things.”

The post Whale Addresses Have Bought $726 Million in BTC in the Past 9 Days appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.