coin-img-ETHETH+0.76%coin-img-BTCBTC+0.67%coin-img-SOLSOL+0.29%coin-img-USDCUSDC+0.00%coin-img-SLINKSLINK-63.53%coin-img-UFOUFO-44.12%coin-img-XRPXRP+0.68%coin-img-LABLAB-33.83%coin-img-ETHETH+0.76%coin-img-BTCBTC+0.67%coin-img-SOLSOL+0.29%coin-img-USDCUSDC+0.00%coin-img-SLINKSLINK-63.53%coin-img-UFOUFO-44.12%coin-img-XRPXRP+0.68%coin-img-LABLAB-33.83%coin-img-ETHETH+0.76%coin-img-BTCBTC+0.67%coin-img-SOLSOL+0.29%coin-img-USDCUSDC+0.00%coin-img-SLINKSLINK-63.53%coin-img-UFOUFO-44.12%coin-img-XRPXRP+0.68%coin-img-LABLAB-33.83%coin-img-ETHETH+0.76%coin-img-BTCBTC+0.67%coin-img-SOLSOL+0.29%coin-img-USDCUSDC+0.00%coin-img-SLINKSLINK-63.53%coin-img-UFOUFO-44.12%coin-img-XRPXRP+0.68%coin-img-LABLAB-33.83%

Whale wallets accumulate 41,000 BTC in two weeks as Bitcoin clears $78,100 level

BlockBeats reported on May 3 that crypto lending platform Nexo said the number of Bitcoin wallets holding more than 100 BTC continues to climb, signaling "smart money" is moving back into the market. Onchain data shows addresses with balances ranging from 10 to 10,000 BTC have collectively added about 41,000 BTC over the past two weeks. Bitcoin has also moved above the True Market Mean average of $78,100 for the first time since January. Analysts say sustained buying by large onchain holders may point to rising risk appetite among institutions and long-term investors.
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