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‘Whale’ investors fill their coffers taking advantage of the liquidation of miners’ bitcoins

Large investors are taking advantage of miners’ bitcoin liquidation to expand their holdings amid the decline in the value of the world’s leading cryptocurrency, according to data from two analytical platforms.

The journalist specializing in the field Colin Wu points out in a CryptoQuant graph that this month he registered six jumps in sending bitcoins by miners —The group of teams that make complex transactions to maintain the bitcoin system in exchange for commissions—, with an average sending of more than 60 bitcoins and an approximate maximum of 98 bitcoines in the span of eight months, registered on July 17.

For his part, the investment director of the asset manager Moskovski Capital has shared on his Twitter account the graph of Glassnode, a blockchain analysis company, to verify the accumulation of bitcoins by large investors, known as ‘Whales‘in the crypto market.

According to the graph, the amount that is currently kept in the wallets with between 1,000 and 10,000 bitcoins has fully offset the liquidation triggered by the statements of the CEO of Tesla, Elon Musk, and measures of the Chinese government against cryptocurrencies, returning to the levels previous when the value of bitcoin was $ 57,000.

Last weekend a mystery investor almost monopolized 30.000 bitcoines worth about $ 950 million, according to data from BitInfoCharts.

Meanwhile, this Tuesday the price of bitcoin fell below $ 30,000, registering a daily low of $ 29,360.

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