Bitcoin owners have accumulated more than $ 1.5 billion in just two weeks

According to the market analytics platform IntoTheBlock, large Bitcoin holders have accumulated large amounts of the largest digital asset by market capitalization since mid-August. In just two weeks, investors added more than $ 1.5 billion to BTC.

In addition, data from Glassnode shows that the number of investors holding 10 BTC or more has reached more than 150,000, hitting a three-year high. «The number of addresses holding more than 10 BTC has reached a 3-year high of 157,324 ,» the analysts wrote.

At the time of writing, bitcoin is trading at $ 25,735, which is a slight decrease over the day. The coin’s market capitalization amounted to $ 501 billion, and traders made daily trading deals worth more than $ 10 billion. Bitcoin’s market share is 46.4%.

Analytical company Santiment drew attention to the market capitalization of the six largest stablecoins. According to the company’s experts, the recent surge in the market capitalization of stablecoins indicates that the cryptocurrency may be preparing for a reversal.

«For the first time since the collapse of FTX in November last year, we are seeing an increase in the capitalization of stablecoins. Since August 22, their total market capitalization has grown by $ 663.2 million,» the analysts concluded.

As a reminder, a well-known crypto blogger Lark Davis shared his analysis of the current situation in the digital asset market. The expert announced a possible rise in the bitcoin rate to $ 180,000 in his profile on the X platform. Davis noted that the period of coin accumulation before the BTC halving «has historically been the best time to build positions.»