Bitcoin has shattered its previous record, hitting an all-time high of $107.1K, marking another milestone in its remarkable bull run.
As the price surges, the number of non-empty wallets on the network has risen to 54.62 million, reflecting a 5.2% increase in the past year. This surge in activity signals growing confidence in Bitcoin’s market dominance and long-term potential.
In the last 48 hours alone, Bitcoin whales have made significant moves, purchasing over 70,000 BTC, worth a staggering $7.28 billion. Two major institutional players were responsible for a bulk of this activity:
1. Mt. Gox:
In the past 6 hours, Mt. Gox transferred 1,620 BTC, valued at $172.5 million. This transaction included 1,320 BTC sent to an internal wallet and 300 BTC to B2C2 Group. Since November 1, Mt. Gox has moved a total of 7,500 BTC (~$650 million), likely for creditor payouts. The current holdings of Mt. Gox stand at 37,404 BTC, worth approximately $4.02 billion.
2. Marathon Digital:
Bitcoin mining giant Marathon Digital moved 22,044 BTC, valued at $2.34 billion, over the past 14 hours. These funds were dispersed across 40 new, unidentified wallets, and are currently held there. Marathon’s remaining holdings are estimated at 14,364 BTC ($1.54 billion).
The momentum doesn’t stop there. On December 16, Bitcoin spot ETFs saw a net inflow of $637 million, continuing a 13-day streak of positive inflows. BlackRock’s Bitcoin ETF, IBIT, led the charge with a remarkable $418 million in a single day.
Bitcoin’s price surge is accompanied by an increase in institutional participation, signaling a robust and thriving ecosystem. The momentum could continue as these key players take their positions in the market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: promesaartstudio/123RF // Image Effects by Colorcinch
Coinbase is about to undergo one of its largest structural reorganisations in some time, with…
The suspicious DSJ Exchange (DSJEX) and BG Wealth Sharing scheme, now confirmed a Ponzi operation,…
Demand from institutions is heating up again, with U.S. spot Bitcoin ETFs logging a tally…
Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native…
The cryptocurrency sector is in the spotlight again as ZachXBT has accused decentralized exchange Tokenlon…
Mantle kicked off 2026 with a milestone event: it reached more than $1 billion in…