Over the past 2 months, bitcoin whales have managed to accumulate 151,405 BTC

Someone prefers to liquidate their savings during bear periods, while others build up their strength by buying cryptocurrency. According to News.bitcoin, over the past 2 months, major coin holders - Bitcoin whales - were able to accumulate more than 150,000 BTC.

On February 22, popular cryptocurrencies hit the “green zone”, having achieved decent growth in a few days. However, on February 24, prices plummeted, and most coins lost 10% of their value in just half an hour.

This type of trend has been consistent over the past 14 months. These ups and downs allowed large owners of BTC and BCH to buy coins at a lower cost each time prices fall. Thus, the whales managed to accumulate thousands of coins, starting from December 17 last year.

The data on the largest BTC and BCH wallets show that whales increase their savings with each major fall. February 24, they also had a good "catch".

According to the BitInfoCharts portal, the five largest BTC wallets are owned by Bittrex, Bitfinex, Bitstamp, Huobi and Binance, with accounts ranging from 130,000 BTC to 107,000 BTC, respectively. From December 17, 2018, their total balance sheet increased by 2,879 BTC ($ 10.8 million) and reached 573,958 BTC.

The remaining hundred whales, some of which are small exchanges, managed to accumulate 151,405 BTC ($ 572 million) over 2 months. The accounts of these major holders range from 10,000 BTC to 100,000 BTC.

As for Bitcoin Cash, the top five holders managed to get 138,014 BCH ($ 19.2 million) from December 17, 2018.

News.bitcoin notes that several of the richest BTC addresses, which have been inactive for years, have followed similar accumulation schemes. Since November last year, they are actively increasing their assets, most likely “sensing” a favorable time to buy cryptocurrency.

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