Altcoin News: The Balance of the Largest Bitcoin Addresses Increased by 150,000 BTC in 2 Months

February 26, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

While the sharp fluctuations of the Bitcoin rate, which we witnessed last week, for some turn into massive liquidations, others use it in order to build up their already impressive wealth.

In the last 2 months alone, the remnants of the 102 most “fatty” Bitcoin wallets, with the exception of the largest wallets of the exchanges, have grown by more than half a billion dollars.

According to the BitInfoCharts portal, the first five largest BTC wallets belong to the Bittrex, Bitfinex, Bitstamp, Huobi and Binance exchanges, ranging from 130,000 BTC to 107,000 BTC, respectively. For 2 months from December 17, 2018, to February 25, 2019, their total balance sheet increased by 2,879 BTC ($10.8 million) and reached 573,958 BTC.

The next 102 wallets, the balances of which vary from 10,000 BTC to 100,000 BTC in the same period, have accumulated 150,000 BTC and currently have a cumulative balance of 2.29 million BTC.

The third group, with accounts ranging from 1,000 BTC to 10,000 BTC, during this time, however, lost about 130,000 BTC, which could be transferred to the “fish” larger.

As Bitcoin.com notes, owners of several large Bitcoin addresses that have not been used for several years have followed the lead of more active cryptocurrency holders and have also begun to increase their assets since November last year.

Author: Marko Vidrih