Bitcoin (BTC) whales are stocking upwardly, with "millionaire" addresses accumulating around ninety,000 Bitcoin worth $367 billion over the past 25 days.

The accumulation was identified past crypto market information aggregator Santiment, which identified that wallets holding between 100 and x,000 BTC — described by the visitor as "millionaire tier" addresses — are at present the largest segment of Bitcoin hodlers and currently account for 48.7% of Bitcoin's supply.

The recent buying spree places the millionaire addresses at a 7-week high for the number of Bitcoin held, with the addresses representing more than 9.11 one thousand thousand BTC — downwards only a couple of percentage from their mid-April high.

Miners also appear to be accumulating BTC, with on-concatenation analytics provider Glassnode identifying that weekly Bitcoin outflows from miner addresses slumped to a five-month depression of roughly $ane.seven one thousand thousand on Wednesday.

Related: Listed companies, trusts and ETPS now control virtually 7% of the Bitcoin supply

Looking at the reverse end of the scale from whales, Glassnode noted the share of supply represented by addresses belongings less than 1 Bitcoin has doubled since December 2017 to compose roughly 5% of Bitcoin's marketplace capitalization.

While many whales and miners appear to be hodling their coins in expectation of higher prices, transaction monitor Whale Alert has identified 2 transfers of roughly 5,000 BTC, or $200 meg each, destined for Coinbase since Monday, suggesting at least some large investors are looking to trade their Bitcoin.