Hi Guys,
It's Big & Big #alert ABout $BTC RETAIL INVESTORS & WHALES INVESTMENTS !!
Retail Bitcoin Investors Buy the Dip, Whales Step Back
Retail investors double down on Bitcoin as price stalls out, while whales exit their positions.
Bitcoin has been trending lower while showing little signs of fight after hitting a new $74,000 all-time high in March, stoking concerns of a return to the bear market.
With negative sentiment mounting, an intriguing dynamic among entity holdings is playing out as small accounts load up on coins and whales reduce their holdings.
Small Investors Pile into Bitcoin
As Bitcoin continues trending down, Glassnode data revealed that small account holders are increasing their holdings as whales exit their positions.
Small accounts holding between 0.001 and 10 BTC increased their holdings since April, with the 1-10 BTC cohort adding around 7,000 BTC in April and seeing the sharpest rise in holdings from April 24 onwards.
The 10-100 BTC category of accounts increased their holdings from about 3.223 million BTC on April 22 to just over 3.228 million BTC on April 28.
However, the 10,000 to 100,000 BTC cohort collectively dropped their holdings from just over 1.565 million BTC on April 23 to around 1.540 million on April 28
#whales_game #Write2Earrn #HKETF
