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Bitcoin Whale Community Blooms As Thanksgiving Looms

From decrypt.co

It’s whale season in crypto. The number of addresses with significant holdings has been growing at a steady rate as Bitcoin’s price has doubled over the past few months. A Bitcoin whale, defined as a wallet holding more than 10,000 Bitcoin has hit yearly highs, according to analytics company Santiment. Some 114 wallets now sit in the Bitcoin OG club, but the number of wallets holding 1,000-10,000 Bitcoin has also grown to 2,449, too. The reason, according to research published by Pantera Capital is because companies like PayPay and Cash are buying up every new Bitcoin as it is mined. They are joined by other big ... (full story)

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  • Category: Fundamental Analysis