Bitcoin whales, or addresses holding between 100-1,000 BTC, have accumulated 20,007 BTC, according to data from Santiment. The accumulation has returned the cohort's holding to over 20% of BTC's total supply. The whales had consistently taken profit over the past month but have now resumed accumulating. The data corroborates CryptoSlate's previous report that whales holding over 10,000 BTC are aggressively accumulating for the first time since January. Despite falling below $30,000, BTC price volatility is at its lowest since the second week of January, according to Santiment.

(By Oluwapelumi Adejumo)