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October 3, 2022
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The top 100 Bitcoin addresses have accumulated $ 11 billion more than BTC in the last 30 days

The 100 richest Bitcoin addresses have snapped up nearly 350,000 BTC over the past 30 days.

The 100 Bitcoin addresses wealthier people are increasingly optimistic, accumulating 16% more Bitcoin in the last 30 days.

In total, these addresses added 334,000 more Bitcoin to their wallets, or about $ 11 billion.

Most have barely reacted to Bitcoin’s recent price drop from $ 41,000 to less than $ 33,000. Only seven addresses have made an out-of-wallet transfer since the latest record of all time, on January 10.

Of the addresses that made a transaction in the last 30 days, only eight of them have more than ten transactions in their name since December 12.

Perhaps surprisingly, many of the biggest addresses have yet to have a run up, with eight of the top ten having received their first transaction after September 2018. The youngest in the top 100 is only two months old.

However, not all of these addresses are whales. The addresses include at least ten exchanges such as Huobi, Binance, Bittrex and Kraken. The rest are believed to belong to a mix of institutional investors and wealthy hodlers, making it almost impossible to differentiate between the two. What is clear, however, is that big companies are not easily influenced by price or market sentiment.

To reach the top of the Bitcoin address range, you need to have more than $ 336 million in BTC. About $ 2.2 billion is needed to reach the top ten.

The addresses within this prestigious list often attracted attention for several reasons, including one believed to belong to Satoshi Nakamoto himself.

The third richest address, with 94,506 BTC untouched, generated headlines in September 2019, after Glassnode reported that 73,000 BTC of that portfolio were transferred from Huobi. It is assumed to be the richest non-exchange address.

According to BitInfoCharts, 64 of the top 100 never saw a single satoshi transferred.

These addresses, which currently control over 2.5 million BTC (13.5% of circulating stock) with a value of almost $ 85 billion, include 15 inactive addresses. Eleven are over nine years old. While no one can prove that the 300,000 BTC held by those addresses has been lost, most assume that.

Source: cointelegraph

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