Bitcoin Whale Address Added 71,000 Bitcoins During Last Week's Drop

According to IntoTheBlock data, Bitcoin Whale Address increased its holdings of 71,000 bitcoins, worth about $4.30 billion, when the price retraced to $54,200 on July 5. Additionally, CryptoQuant data shows that Bitcoin Whale is currently hoarding bitcoins at the fastest rate (measured by a 30-day moving average), the fastest rate since April 2023 (the US Silicon Valley bank collapse crisis).