After failing to cross the$ 59,000 market previously this week on Monday, Bitcoin(BTC)has actually been trading sideways correcting nearly 10%ever since. At press time, the BTC rate is trading 1.64% unfavorable at $54,827 with a market cap of $1.024 trillion.
Nevertheless, the BTC down pressure hasn’t prevented the whales from accumulating more Bitcoins. As on-chain information company Santiment reports, new Bitcoin whale addresses have been produced during the current sideways movement. The total number of Bitcoin addresses with 1000+ BTC has actually jumped above 2,234. On Tuesday, May 4, seven news 1000+ BTC addresses were produced, signing up the biggest ever single-day development in two months.