Whales driving Bitcoin to a further rise in July, per Santiment $BTC
will show a further price rise this month, and altcoins may follow it up. The reason that can make this possible is that key crypto holders need to keep buying the flagship digital currency, BTC.The Santiment team tweeted that over the past two weeks and as the news of the Bitcoin ETF refilings led by Fidelity emerged, cryptocurrency whales and sharks have accumulated a"big chunk" of Bitcoin. Over the past seven weeks, Santiment says, they have bought 154,500 BTC collectively.
Now, wallets holding between 10 and 10,000 BTC hold 13 million Bitcoins — that is 67% of the supply in circulation. There are only 21 million BTC that can be extracted and more than 19 million have already been mined by now.
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