Large cryptocurrency holders invested more than $ 800 million in bitcoin last week alone

Representatives of the Santiment company reported that cryptocurrency whales and sharks have started accumulating BTC $77,185.70 Mezo Wrapped BTC -0.58% Market capitalization $75.87 million VOL. 24 hours $0.82 billion again, and at an extremely fast pace.

According to analysts, last week, when the price of the flagship cryptocurrency fell to $ 20,000, wallet holders with a balance of 10 to 10,000 BTC added 40,557 tokens to their accounts. In total, this amounted to $ 821 million (at the exchange rate at the time). And at current prices, after bitcoin has risen to $ 22,400, it is an even more impressive $ 908 million.

Interestingly, investors started to actively buy only BTC, but their interest in altcoins has not changed much. Analysts called this a sign of a trend change in the market.

«People are focusing on bitcoin again, with the number of messages about BTC at its highest level since July 2022. Massive discussions of bitcoin are a sign of fear in the market,» Santiment representatives emphasized.

It is worth noting that bitcoin has grown by 8.4% over the past 24 hours. One of the reasons for BTC’s growth was the statement by Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao, the head of the world’s largest cryptocurrency exchange, that the Binance Industry Recovery Initiative fund will convert $ 1 billion into BTC, BNB, and ETH to help the market recover.