Bitcoin’s Biggest Holders Scoop Up Nearly 89,000 BTC in Just One Month

The largest Bitcoin holders accumulated about 88,987 coins in the month beginning September 19, lifting wallets holding between 10 and 10,000 BTC above 13.69 million BTC, a six-month high, while Bitcoin fell below $81,400 on Tuesday. HashKey Senior Researcher Tim Sun said rising borrowing costs and narrower valuation premiums have reduced some corporate treasuries’ incentive to keep buying. Spot Bitcoin exchange-traded funds drew $526.6 million on Monday, their largest daily inflow in nearly a month, but still posted net October outflows of $90.57 million.