Crypto 350

08/12 02:40

Bitcoin’s 10,000-BTC wallets hit 6-month high, wha

#Post To Earn Bonus #HTX Creation Challenge — Post and Win 1,500U #Discuss Hot Assets , Enter the Lucky Draw Bitcoin’s 10,000-BTC wallets hit 6-month high, what’s next?Santiment data shows that the total number of Bitcoin wallets registered with a minimum balance of 10,000 $BTC has reached 90, the highest level in 6 months, even as the smallest wallets have continued selling. Bitcoin ($BTC) is trading at around $64,322 at the press time. The divergence might provide a hint about the next market direction. Large investors are buying Bitcoin while smaller traders are withdrawing from it. According to Santiment, this pattern occurs before major price shifts in the market. Thus, the probability of Bitcoin crossing the $70,000 mark is higher than it moving below $60,000.Six wallets have crossed the 10,000-$BTC threshold in the past eight weeks, lifting the size of that elite group by 7.1%, Santiment data show.Accumulation is also spreading further down the ownership ladder. Wallets holding between 10 and 10,000 $BTC — a group commonly described as whales and sharks — have added about $1.5 billion worth of Bitcoin since July 29. At the same time, so-called micro-wallets have been shrinking throughout August. The discrepancy arises in relation to two shocks that appear to have affected the smaller investors more than the biggest. A hardware wallet hack and a crypto bill that did not pass The first shock is related to the Coldcard exploit. Due to a firmware vulnerability that emerged in March 2021, wallets impacted by the vulnerability were deriving the seed using a weak random number generator in the software rather than the entropy chip

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