Whales holding over 1,000 BTC added 40,000 BTC during recent dip

Whale addresses holding more than 1,000 BTC accumulated approximately 40,000 BTC during the recent market downturn, Cointelegraph reported, citing data from Glassnode. The accumulation was split between two cohorts: addresses holding 1,000 to 10,000 BTC added around 22,000 BTC, while those with 10,000 to 100,000 BTC purchased about 18,000 BTC. Following the whale buying activity, BTC rebounded nearly 20% from a low of $60,000 to reach $72,000. Adding to the recovery momentum, the Binance Secure Asset Fund for Users (SAFU) purchased an additional 4,225 BTC, worth approximately $300 million. The SAFU address now holds a total of 10,455 BTC.