According to a report by The Daily Hodl, all these 17 wallets held exactly 8,000 Bitcoins before accumulating more over the weekend. The report further states that the uniformity of the purchases and the fact that each wallet remained inactive for the same period suggests that the addresses are a single entity — though this is not certain.
The data published in BitInfoCharts further showed that four wallets received Bitcoin inflows at the exact time on July 18. Another four collected Bitcoins at the same time on July 17, and three other wallets added Bitcoins simultaneously at a later time on the same day.
A Bitcoin whale is an account that owns large amounts of the cryptocurrency and has the power to swing the price with a single trade. Back in 2017, around 1,000 people owned about 40 percent of all the Bitcoin and, given the recent in the cryptocurrency market, whales are back in focus and sometimes even under scrutiny.
Bitcoin has lost almost half of its all-time high value, reached in May this year, of around $65,000 (roughly Rs . 48 lakh). At the time of writing, it was trading at $30,816 (roughly Rs . 23 lakhs).