Bitcoin has approached a retest of the $28,000 mark in the past day as on-chain data shows that large investors have been accumulating the asset.
Bitcoin’s Large Holders Bought In Leadup To Latest Price Surge
According to data from the on-chain analytics firm Santiment, the BTC investors with 100 to 1,000 BTC have sharply grown in number recently. The relevant indicator here is the “Supply Distribution,” which tells us about the total number of coins that each investor group is holding right now.
The investors or addresses are categorized into these groups based on the amount of Bitcoin that they are carrying currently. Those holding between 1 and 10 BTC, for instance, are put in the 1-10 coins cohort.
In the context of the current discussion, the 100-1,000 BTC group is the one of focus. At the current exchange rate, this range converts to about $2.78 million at the lower bound, and $27.8 million at the upper one. The investor segments belonging to this group are the sharks and t
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