Over the past 11 weeks, large investors have taken advantage of the decline of 10% in the price of Bitcoin since April 9, purchasing 131,600 BTC.
According to Santiment, these investors, who control between 1,000 and 10,000 coins, have been buying daily on average of about 1,000 BTC since mid-spring.
This activity has driven whale reserves to a seven-month high.
Additionally, The Santiment report further mentions an increase in the outflow of Bitcoins from exchange wallets, increasing the offline cryptocurrency storage trend that has been dominating since the end of 2022.
By mid-June of this year, the number of BTC on trading floors fell to its lowest level since February 2018.
Last week, the volume of cryptocurrency on the exchanges updated a minimum, now standing at only 5.74% of the total supply of Bitcoin. The report also notes an increase in the number of unprofitable transactions for the sale of cryptocurrency.
