20181031-133KBTC Bought in last the last 4 weeks


Altcoin Daily:

Despite the stagnant prices and low volume, Bitcoin is being bought in mass on OTC market.  New whales have bought 133,000 (approx. USD $837 million using 1BTC = USD 6300)  BTC in the last 4 weeks!  


According to an article by Torsten Hartmann in Captainaltcoin.com :

There are several addresses that have been created in recent weeks with transaction amounts of 10,000 BTC, on average;   that is about $65,000,000.   Most of them were bought in the months of May, July and August.

In addition, there are 5 wallets with amounts between 11,000 BTC and 55,000 BTC in a period of 4 weeks, from the end of September to the last week of October.  That amounts to a total of 133,000 BTC.   To put this number in perspective, the numbers of BTC in cold wallet of Bitfinex  (133, 000BTC),  Binance（129,000）, Bittrex ( 107,000BTC).      All this can be looked up in bitinfocharts.com that lists top 100 record of the addresses with the most BTC.

This shows that large amounts of $ are entering the BTC market via OTC and Exchanges, so as not to affect the price directly.
 


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