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[MarkRoberts]

The Bitcoin network saw a spike in BTC whale transactions last week due to price volatility. On June 29, 2021, a prominent Bitcoin account transferred 6,713 bitcoin from a crypto wallet to Xapo. The deal was worth approximately $230 million in total.

Along with the recent rise in big transactions, Bitcoin whales have increased their BTC acquisition. According to the most recent statistics from on-chain monitoring company Santiment, big Bitcoin addresses began July with over 60,000 BTC accumulated.

Bitcoin whale addresses owning between 100 and 10k BTC started July with a 60k BTC accumulation, the biggest daily surge of 2021, according to Santiment. After owning 100k fewer BTC only six weeks ago, these addresses now possess 9.12 million coins.

The most recent BTC whale transfers occurred after the Bitcoin exchange supply ratio fell dramatically in recent weeks.


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