Blockchain data shows wealthy investors are coming back to the bitcoin market.
Questions remain about promised scalability improvement from Ethereum 2.0.
Bitcoin's rich list has accumulated 80,000 BTC since the May 19 crash.
Ukrainian civil servants together own about 46,351 bitcoin, one-third of which is held by a single city council member, researchers found.
The number of unique addresses holding more than 1,000 BTC has shrunk by over 8% since Feb. 8 as whales take profits.
Blockchain data showed investors moving the cryptocurrency onto exchanges, ostensibly preparing for a quick sale.
Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.
Larger investors, or whales look to have reacted differently than retail investors amid this week's bitcoin price drop.
Big bitcoin balance holders, or "whales," are moving less crypto onto exchanges, signaling some reduction of sell-side pressure, according to CryptoQuant.
Data from OKEx gives one explanation of how bitcoin whales were able to influence the market during the rallies.
The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally.
Amid this market rally, Bitcoin wallet startups report an uptick in users and profits. Get the latest bite-sized news here.
Large crypto investors, popularly known as “whales,” seem to be accumulating bitcoin amid the ongoing price rally.
Data on the flow of funds into exchanges suggests big investors were preparing to dump bitcoin on the market five days before Thursday’s price rout.