Whales Are Hoarding Bitcoin, Small Investors Are Selling: What Does This Mean?

Cryptocurrency analysis company Santiment, in its latest report on Bitcoin, highlighted the decisive role of whale movements in the ￰0￱ to Santiment, wallets holding between 10 and 10,000 BTC have accumulated over 202,000 BTC in total over the past six ￰1￱ report argues that this growth in these wallets is strongly correlated with Bitcoin price movements and is a key factor influencing market ￰2￱ the other hand, it was stated that small investors holding less than 1 BTC have steadily reduced their assets in the same period, and have only made limited dip purchases ￰3￱ reported that whales showed particularly high activity before the record highs seen in mid-July, and although there was a slight decrease in trading volumes afterward, they were still quite active compared to six months ￰4￱ News: The Wealth of Arthur Hayes, the Big Altcoin Bull, Revealed - Here Are the Cryptocurrencies He Holds The report also highlighted the large inflows into Bitcoin ETFs, noting that net inflows totaled $720.6 million yesterday alone, the highest level since ￰5￱ included the following statements in his assessment: Whales act as a kind of anchor for Bitcoin's long-term price ￰6￱ early investors or institutional investors continue to hold Bitcoin with strong conviction.

However, their occasional profit-taking ensures that volatility never fades. Remember, crypto will always remain a whale's playground. *This is not investment ￰7￱ Reading: Whales Are Hoarding Bitcoin, Small Investors Are Selling: What Does This Mean?