The study showed how the largest players are using the decline in bitcoin prices

Researchers from the Santiment team have found that large (crypto whales) and medium-sized investors are taking advantage of the fall in bitcoin’s value by buying BTC at a lower price — unlike small investors who are trying to get rid of the coins.

As it has become known, the number of crypto investors holding 10 or more BTC has reached its highest level since February last year, increasing by 1.12%. At the time of writing, about 149,200 addresses own at least 10 bitcoins, and the number of whale wallets with a balance of more than 1000 BTC has reached 2,182.

Thus, the world’s largest OTC bitcoin whale bought 2554 bitcoins, owning 130,227 BTC or 0.68% of the market supply. Also, MicroStrategy, the largest corporate owner of bitcoin, bought 480 BTC to the 129,699 BTC it already owned.

It was recently reported that the total number of bitcoin addresses ever created exceeded 1 billion. According to analysts, such a large number of bitcoin addresses should be interpreted as «positive sentiment about the future of BTC.»