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Bitcoin whales buy during correction, holdings in 1,000-BTC wallets hit 7.17 million

Large bitcoin holders increased accumulation during a recent price correction, lifting total holdings in wallets with at least 1,000 BTC to 7.17 million BTC. The level is the highest since March 14, The Crypto Basic reported, citing Santiment. The wallets account for 35.82 percent of the 20.04 million bitcoin in circulation, with 2,044 such wallets averaging 3,507.8 BTC each. Views on a price floor range from $60,000 to about $48,000.