Recent analytics data show that traders have begun to increase their Bitcoin balances
According to analytics agency IntoTheBlock, a number of traders have started accumulating Bitcoin on their addresses, increasing their BTC balance by 4.2%.
Bitcoin traders buying more BTC to hold
IntoTheBlock has spread the word about a number of traders acquiring more Bitcoin recently and thus increasing their balances by 4.2%. These traders have been holding for more than 30 days.
The tweet adds that these traders tend to follow the price action of Bitcoin. Now, according to the data aggregator, the market is seeing retail interest in Bitcoin returning.
Bitcoin whales’ balances surge to 11.78 million BTC
Earlier this week, U.Today reported on a group of wallet owners who had been holding Bitcoin for more than one year. Over the past 30 days, their balances have risen by 4.13%.
Now, these whale wallets contain a staggering amount of $516,369,232,000 in BTC, or 11.78 million coins.
Besides, according to the analytics team of Santiment data vendor, Bitcoin whales have become pretty active in conducting large crypto transfers.
Over the past three days, Santiment has counted 13,400 Bitcoin transfers, and each of them carried over $1,000,000 of the flagship cryptocurrency.
Bitcoin is up 15%
Over the past few days, the leading global digital asset, Bitcoin, has made a market increase of over 15%. It has soared from the $37,975 level to $43,704 by now. On March 2, Bitcoin reached a local high in the $45,300 zone.
Right now, the price of Bitcoin is 36.38% below its all-time high of $68,789 reached on November 10.
