Number of Whales Soars 38% Amid Bitcoin Rise to $11,000

The number of large cryptocurrency holders has skyrocketed amid the rising prices for BTC, according to analytics company Glassnode.

The number of unique addresses with a balance of $1 million or more in BTC has increased by 38%, reaching 18,000.

The market value of BTC has increased by almost 16% in a week, reaching the levels of the beginning of September 2019. Currently, the price of BTC is around $11,100, according to CoinGecko.

Despite the price increase, BTC exchange balances remain at an annual low of 14.5% of the available supply.

The inflow of miners’ funds to exchanges has approached $300,000 per hour, strengthening against the backdrop of rising BTC prices.

Previously, the number of active BTC addresses updated the two-year high. At the same time, online commissions increased by a staggering 750% in a month.

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