Bitcoin Whales Collect 133.3K BTC from Retail Sellers

The post Bitcoin Whales Collect 133.3K BTC from Retail Sellers appeared first on Coinpedia Fintech News

In this struggling cryptocurrency market, Bitcoin Whales and sharks are the ones continuously taking advantage of the price drop. Over the last 30 days, Bitcoin (BTC) the world’s biggest cryptocurrency has experienced a significant price drop of over 14%, potentially due to Japan’s interest rate update, Mt. Gox’s massive BTC distribution, the German government’s BTC sell-off, and other factors. 

Amid this selling pressure, small traders, in panic, offloaded significant BTC holdings. Meanwhile, Whales and Sharks that hold 10-10k BTC have accumulated over 133.3k more coins, according to the on-chain analytic firm Santiment.