Bitcoin (BTC) whales are currently busy storing Bitcoin. The asset’s value slumped from its all-time high of around $65,000 to just under $40,000.
Bitcoin addresses holding 100 to 10,000 BTC have bought a total of 90,000 Bitcoins in the last 25 days, according to crypto analytics firm Santiment. It is currently worth $3.38 billion in total.
The amount held by these Bitcoin holders is almost half of the circulating supply of the cryptocurrency, Santiment reported.
In addition, Blockchain analytics firm Glassnode says that the miners powering the network now hold more Bitcoin.
Weekly Bitcoin outflows from miner addresses dropped to about $1.7 million, the lowest level in the last five months.
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