Bitcoin Whales Accumulate $3 Billion in BTC This Year as Large Holders Stock Up
• Bitcoin whales accumulate $3 billion in BTC in less than a month according to data from IntoTheBlock
• Amount of BTC held in wallets with over 1,000 coins has sharply risen in 2023 so far
• Figure includes entities like newly approved Bitcoin ETFs which hold over 3% of circulating BTC supply
• $4.3 billion exited Grayscale's GBTC ETF, but over $1 billion was from bankrupt FTX
• Bitcoin currently trading around $42,274, with minimal price change over past 24 hours