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Bitcoin Whales Accumulate 66,940 BTC in Largest Single-Day Inflow Since 2022

Two major Bitcoin whale groups added 40,000 BTC as prices fell below $60,000, underscoring continued accumulation during market dips.

BTC

Summary

CryptoQuant analyst CW8900 reported that Bitcoin whales accumulated 66,940 BTC on February 6, the largest single-day inflow to accumulation addresses since 2022. Recent data shows further buying as BTC dipped below $60,000, with wallets holding 1,000–10,000 BTC adding 22,000 BTC and those with 10,000–100,000 BTC adding 18,000 BTC since last Friday. This pattern highlights sustained confidence among major holders despite ongoing price declines.

Terms & Concepts
  • Bitcoin whale: An individual or entity that holds large amounts of Bitcoin, often capable of influencing market prices.
  • Accumulation address: A cryptocurrency wallet used primarily for collecting and holding large quantities of coins rather than frequent trading.
  • On-chain inflow: The movement of cryptocurrency into specific wallets or addresses as recorded on the blockchain.