Summary
- Santiment revealed that whale investors have accumulated 81,338 BTC over the past six weeks.
- During the same period, individual investors sold 290 BTC.
- It added that this accumulation by whales is a positive signal for Bitcoin to break through $100,000.
It has been observed that individual Bitcoin (BTC) investors and whale investors are showing contrasting behaviors.
On the 6th (local time), Santiment stated on X (formerly Twitter) that "whale investor addresses have accumulated 81,338 BTC over the past six weeks," while "individuals sold 290 BTC during the same period." These amounts correspond to 0.61% and 0.60% of the Bitcoin holdings of whales and individual investors, respectively.
It further added, "When large wallets continue to accumulate and individuals sell, a price increase can occur," and "a positive signal for Bitcoin to break through $100,000."
As of 3:40 PM, Bitcoin is trading at $96,500 on the Binance UISDT market, up 2.16% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
