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Bitcoin Whales Splurge Over $750,000,000 on Bitcoin in Just Three Months, Says Crypto Analytics Firm Santiment

According to market intelligence firm Santiment, wealthy investors have spent more than $750 million on Bitcoin in the last three months. Bitcoin millionaires and billionaires have been accumulating the cryptocurrency at a high rate since May, increasing their total amount of BTC owned to 11.5 million, which is over half of BTC's overall supply. The firm also notes that high-net-worth traders have been moving Wrapped Bitcoin (wBTC) out of crypto exchange platforms, resulting in a spike in on-chain transaction volume for wBTC. Bitcoin is currently trading at $29,280, with a slight decrease in the last 24 hours.

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