{"id":600485,"date":"2024-03-30T18:00:04","date_gmt":"2024-03-30T18:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=600485"},"modified":"2024-06-11T07:21:36","modified_gmt":"2024-06-11T07:21:36","slug":"bitcoin-shark-and-whales","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/","title":{"rendered":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade <\/span><a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-primed-to-clear-71500-and-rally-again\/\"><span style=\"font-weight: 400\">around the $70,000 price mark<\/span><\/a><span style=\"font-weight: 400\">. On-chain data has shown a large part of this surge can be attributed to the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-whales-7-billion-shopping-spree-new-ath\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">accumulation by large whales<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin is undoubtedly home to a lot of these whale addresses holding hundreds of millions of dollars and with transactions that can move the market. However, on-chain data has further revealed that the accumulation trend has also flowed into the next cohort of traders. These traders, also known as &#8220;Sharks,&#8221; are addresses that hold between 100 BTC and 1,000 BTC. According to Glassnode data, shark wallet addresses have accumulated 268,441 BTC in the past 30 days, which is the biggest net position change since 2012.\u00a0<\/span><\/p>\n<h2>Increased Accumulation Of BTC<\/h2>\n<p><span style=\"font-weight: 400\">According to a Glassnode chart <\/span><a href=\"https:\/\/x.com\/jvs_btc\/status\/98378326?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">shared on social media<\/span><\/a><span style=\"font-weight: 400\"> by crypto analyst James Van Straten, Bitcoin accumulation by shark investors shot up in 2024 to reverse a multi-year consolidation since 2020. As a result, these addresses increased their holdings by 268,441 in 30 days, roughly converting to $18 billion.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-price-mirrors-2021\/\">Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021<\/a><\/div>\n<p><span style=\"font-weight: 400\">While these sharks do not have as much individual power over price movement as very large whales, their collective behavior is still worth monitoring as they also relate to the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-at-crossroads-time-to-hold-or-take-profit\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">sentiment among investors<\/span><\/a><span style=\"font-weight: 400\">. Consequently, this large accumulation trend could lead to more buying which would signal a <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bullish-winds-blow-bitcoin-bull-flag-points-to-new-77000-ath-analyst\/\"><span style=\"font-weight: 400\">continued price surge for Bitcoin<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-600500 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_601223.png?w=460&#038;resize=585%2C328\" alt=\"Bitcoin\" width=\"585\" height=\"328\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_601223.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_601223.png?w=460 460w\" sizes=\"(max-width: 585px) 100vw, 585px\"><\/p>\n<pre style=\"text-align: center\">Source: Glassnode<\/pre>\n<p><span style=\"font-weight: 400\">The surge in accumulation is not really surprising, as the launch of <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-etf-sees-60-drop-outflows\/\"><span style=\"font-weight: 400\">Spot Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400\"> in the US has ushered in a bigger wave of accumulation sentiment from all cohorts of Bitcoin investors. As another analyst pointed out on social media, this shark accumulation could&#8217;ve been due to ETFs purchasing massive amounts of Bitcoins from Coinbase OTC desks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin whales (addresses holding more than 1,000 BTC) have also upped their activity in the past few days, signaling strategic positioning in the market. Various transaction alerts from Whale Alerts have shown strategic movement from whale addresses. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the crypto whale transaction tracker has revealed $1.3 billion worth of BTC exchanged between whale addresses in the past 24 hours. Among these large BTC movements was a notable transfer of 3,599 BTC worth $252 million between two unknown wallets. Another notable transaction was the transfer of 3,118 BTC from an unknown wallet to Coinbase Institutional.<\/span><\/p>\n<h2>Bitcoin To $100,000?<\/h2>\n<p><span style=\"font-weight: 400\">Data from IntoTheBlock has also reiterated this accumulation trend with its net transfer trend from exchanges. <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/BTC\" rel=\"nofollow\"><span style=\"font-weight: 400\">Data from ITB\u2019s platform<\/span><\/a><span style=\"font-weight: 400\"> shows a $16.18 billion outflow from exchanges as against a $15.76 billion inflow in the past seven days. Bitcoin is now trading at $67,931 and has failed to stabilize above the $70,000 mark again.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/600-1000-return-for-xrp\/\">Crypto Analyst Predicts 600%-1000% Return For XRP, Here\u2019s The Target<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, the accumulation by whales and sharks, increasing mainstream interest from institutional investors through Spot Bitcoin ETFs, and the <\/span><a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-next-stop-80000-crypto-analyst-sees-btc-soaring-ahead-of-2024-halving\/\"><span style=\"font-weight: 400\">approaching halving<\/span><\/a><span style=\"font-weight: 400\"> all point to the possibility of substantial price appreciation to $100,000.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/CEWGs2fU\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">BTC price at $70,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSDT on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from BBC, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark. On-chain data has shown a large part of this surge can be attributed to the accumulation by large whales.\u00a0 Bitcoin is undoubtedly home to a lot of these whale addresses holding hundreds of millions of dollars and with transactions that can move the market. However, on-chain data has further revealed that the accumulation trend has also flowed into the next cohort of traders. These traders, also known as &#8220;Sharks,&#8221; are addresses that hold between 100 BTC and 1,000 BTC. According to Glassnode data, shark wallet addresses have accumulated 268,441 BTC in the past 30 days, which is the biggest net position change since 2012.\u00a0 Increased Accumulation Of BTC According to a Glassnode chart shared on social media by crypto analyst James Van Straten, Bitcoin accumulation by shark investors shot up in 2024 to reverse a multi-year consolidation since 2020. As a result, these addresses increased their holdings by 268,441 in 30 days, roughly converting to $18 billion.\u00a0 Related Reading: Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021 While these sharks do not have as much individual power over price movement as very large whales, their collective behavior is still worth monitoring as they also relate to the sentiment among investors. Consequently, this large accumulation trend could lead to more buying which would signal a continued price surge for Bitcoin. Source: Glassnode The surge in accumulation is not really surprising, as the launch of Spot Bitcoin ETFs in the US has ushered in a bigger wave of accumulation sentiment from all cohorts of Bitcoin investors. As another analyst pointed out on social media, this shark accumulation could&#8217;ve been due to ETFs purchasing massive amounts of Bitcoins from Coinbase OTC desks. Bitcoin whales (addresses holding more than 1,000 BTC) have also upped their activity in the past few days, signaling strategic positioning in the market. Various transaction alerts from Whale Alerts have shown strategic movement from whale addresses. Notably, the crypto whale transaction tracker has revealed $1.3 billion worth of BTC exchanged between whale addresses in the past 24 hours. Among these large BTC movements was a notable transfer of 3,599 BTC worth $252 million between two unknown wallets. Another notable transaction was the transfer of 3,118 BTC from an unknown wallet to Coinbase Institutional. Bitcoin To $100,000? Data from IntoTheBlock has also reiterated this accumulation trend with its net transfer trend from exchanges. Data from ITB\u2019s platform shows a $16.18 billion outflow from exchanges as against a $15.76 billion inflow in the past seven days. Bitcoin is now trading at $67,931 and has failed to stabilize above the $70,000 mark again. Related Reading: Crypto Analyst Predicts 600%-1000% Return For XRP, Here\u2019s The Target However, the accumulation by whales and sharks, increasing mainstream interest from institutional investors through Spot Bitcoin ETFs, and the approaching halving all point to the possibility of substantial price appreciation to $100,000. BTC price at $70,000 | Source: BTCUSDT on Tradingview.com Featured image from BBC, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":600495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,87974,19064,1119,89185,1122,1144,78790],"class_list":["post-600485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-sharks","tag-bitcoin-whales","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC<\/title>\n<meta name=\"description\" content=\"Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC\" \/>\n<meta property=\"og:description\" content=\"Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-30T18:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:21:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC\",\"datePublished\":\"2024-03-30T18:00:04+00:00\",\"dateModified\":\"2024-06-11T07:21:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\"},\"wordCount\":495,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin Sharks\",\"Bitcoin whales\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\",\"name\":\"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168\",\"datePublished\":\"2024-03-30T18:00:04+00:00\",\"dateModified\":\"2024-06-11T07:21:36+00:00\",\"description\":\"Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168\",\"width\":300,\"height\":168,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/wncen.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC","description":"Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/","og_locale":"en_US","og_type":"article","og_title":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC","og_description":"Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.","og_url":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-03-30T18:00:04+00:00","article_modified_time":"2024-06-11T07:21:36+00:00","og_image":[{"width":300,"height":168,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC","datePublished":"2024-03-30T18:00:04+00:00","dateModified":"2024-06-11T07:21:36+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/"},"wordCount":495,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168","keywords":["bitcoin","Bitcoin news","bitcoin price","Bitcoin Sharks","Bitcoin whales","btc","BTC news","btc price","btcusd","BTCUSDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/","url":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/","name":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168","datePublished":"2024-03-30T18:00:04+00:00","dateModified":"2024-06-11T07:21:36+00:00","description":"Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168","width":300,"height":168,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC","url":"http:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-shark-and-whales\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin sharks","bitcoin whales","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-03-30T18:00:04Z","datePublished":"2024-03-30T18:00:04Z","dateModified":"2024-06-11T07:21:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-shark-and-whales\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-shark-and-whales\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Bitcoin_c74a78.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Bitcoin_c74a78.jpeg?fit=300%2C168\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin sharks\",\"bitcoin whales\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-03-30T18:00:04Z\",\"datePublished\":\"2024-03-30T18:00:04Z\",\"dateModified\":\"2024-06-11T07:21:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_c74a78.jpeg?fit=300%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600485"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=600485"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/600495"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=600485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=600485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=600485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}