CryptoMediaClub
Thursday, October 2, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin Sharks and Whales Accumulated $2B Worth of BTC Since BlackRock’s ETF Filing

10.07.2023
A A
0
123
VIEWS
ShareShare

Despite bitcoin’s relatively flat trading at between $30,000 and $31,000 lately, BTC sharks and whales have purchased approximately $2.14 billion (calculated at current prices) worth of the leading digital asset since June 17.

According to Santiment’s data, those investors own around 13.02 million BTC, equaling over $391 billion.

The Recent Accumulation Spree

The analytics platform focused on cryptocurrencies – Santiment – estimated that bitcoin sharks and whales (those who have between 10 BTC and 10,000 BTC) have bought 71,000 BTC in the past three weeks.

BTC Sharks and Whales Accumulation, Source: Santiment

The development comes despite BTC’s rather underwhelming price performance lately, as the asset has been trading sideways for a few weeks.

The confidence among the investors could be fueled by some recent developments that have infused general optimism in the industry. For one, the world’s largest asset manager – BlackRock – filed to launch a spot BTC ETF in the United States. The company has an outstanding record, seeing 575 out of its 576 products approved by the SEC over the years.

ADVERTISEMENT

Anthony Scaramucci – a former White House official and founder of SkyBridge Capital – previously argued that bitcoin could become a subject of mass adoption should leading institutions like BlackRock release similar products.

Several other finance giants mimicked the move in the following days, with Invesco, WisdomTree, and Fidelity Digital Assets being on the list.

Another factor displaying the overall bullish investor mode is the popular BTC Fear and Greed Index. The metric has ranged between 54 and 64 in the last 20 days (a “Greed” territory).

Long-Term Holders on the Same Path

Another analysis showed that bitcoin investors who have been part of the ecosystem for at least the past 155 days currently own almost 14.5 million BTC. Those have purchased a considerable amount between April and early July 2023.

The largest digital asset by market capitalization performed quite well during that period, closing its second consecutive quarter in the green for the first time since the bull market in 2021.

It is worth mentioning that LTHs have been active not only during crypto’s good days. Those investors showed an increasing appetite at the end of 2022 when the once-prominent exchange FTX collapsed and triggered colossal losses for its clients. Besides that, the event undermined the legitimacy of the industry to an extent and lowered the trust in centralized platforms.

Investment firms, hedge funds, private funds, and others (known as institutional investors) have also shifted their focus toward bitcoin.

“Analyzing the holdings of these funds provides valuable insights into the market dynamics and investor sentiment…Monitoring fund holdings not only provides an understanding of the market sentiment but also highlights the confidence institutional investors have in bitcoin as a long-term asset,” data analysis platform CryptoQuant stated.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share9Tweet6ShareSharePin2

Related Posts

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher
All news

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
0

Pump.fun’s native token has jumped 32% in the past 7 days, and technical indicators now point to even bigger gains...

Read moreDetails
CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
The PioneerHash Cloud Mining App, a Global Hit by 2025

The PioneerHash Cloud Mining App, a Global Hit by 2025

02.10.2025
Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

02.10.2025
Load More
Next Post

Bitdeer pushes crypto mining expansion with new Norway, Bhutan data centers

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Binance.US Now Has an Unexpected Ally in its Fight Against the SEC

2 years ago
CertiK’s crypto security reviews uncover critical vulnerability in Apple iOS

CertiK’s crypto security reviews uncover critical vulnerability in Apple iOS

2 years ago
Bitcoin Shrimps Stack 33K BTC, Bull Run Incoming?

Bitcoin Shrimps Stack 33K BTC, Bull Run Incoming?

2 years ago
Top Crypto Gainers Today on DEXScreener – CRAZY, FUN, FIJI

Top Crypto Gainers Today on DEXScreener – CRAZY, FUN, FIJI

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Trending

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher
All news

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
0

Pump.fun’s native token has jumped 32% in the past 7 days, and technical indicators now point to...

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

02.10.2025
The PioneerHash Cloud Mining App, a Global Hit by 2025

The PioneerHash Cloud Mining App, a Global Hit by 2025

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz