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On-chain data shows some optimism with Bitcoin whales back in action after dumping last week. On-chain data provider Santiment explains that Bitcoin surged to a peak of $26.8K on Wednesday as significant whale and shark addresses are once more increasing their holdings. Among the 156,660 wallets holding 10 to 10,000 BTC, they’ve gathered a total of $308.6 million since August 17th. advertisement Courtesy: Santiment On the other hand, some reports suggested that Robinhood has been accumulating $3 billion worth of Bitcoin s over the last 3 months. A secret wallet has accumulated this quantity which analysts believe belongs to Robinhood. The secret wallet that bought $3,000,000,000 worth of # Bitcoin in the last 3 months belongs to Robinhood. While you panicked, they bought pic.twitter.com/pEES8e1FJf Recommended Articles Crypto Presale Projects For 2023 To Invest...

Despite this, Bitcoin key whale addresses have been accumulating at a steady rate over the last five weeks. As per on-chain data provided by Santiment, Bitcoin whale addresses holding between 1K to 10K BTC have accumulated ~85,000 Bitcoins over the past few weeks. In the latest report, it notes: advertisement Bitcoin’s key large whale addresses tier has been on a steady accumulation run over the past 5 weeks, accumulating a combined 84,897 $BTC during this time while prices are stagnant. In their previous accumulation cycle in January, prices jumped +34.4%. Courtesy: Santiment On the other hand, a large number of Bitcoins have been moving off exchanges which could serve as a catalyst to drive Bitcoin prices higher. Popular crypto analyst Ali Martinez noted that more than 20,000 Bitcoins have moved off the exchanges over the last 24 hours. #Bitcoin | On-chain data from @santimentfeed shows that over 20,000 $BTC have been taken off known #crypto exchange w...