The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16 more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around 11 billion worth. The majority barely reacted to Bitcoins recent price drop from 41,000 to below 33,000. Only seven addresses conducted a transfer out of the wallet since the most recent alltimehigh on January 10.
Of the addresses that have transacted in the last 30 days, only eight of them have more than ten transactions to their name since December 12. Perhaps surprisingly, many of the largest addresses are yet to see a bull run, with eight of the top ten having received their first transaction later than September 2018. The newest in the top 100 is only two months old.
Theyre not all individual whales however. The addresses include at least ten controlled by exchanges such as Huobi, Binance, Bittrex, and Kraken. The rest are believed to belong to a mix of institutional investors and wealthy hodlers, with it being almost impossible to differentiate between two. What is clear though, is that the big guys are not easily influenced by price or sentiment.
In order to make it into the top echelon of Bitcoin addresses, one must hold more than 336 million in BTC. Around 2.2 billion is required to hit the top ten. Addresses within this prestigious list have often attracted attention for various reasons, including one that is believed to belong to Satoshi Nakamoto himself.