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ăBitcoin market polarized: big players actively hoard coins, small retail players panic sellâïžă
Recently, the Bitcoin market has shown a clear polarization trend. Small retail players have sold their Bitcoins due to the decline in Bitcoin prices, but big players with more than 100 BTC are quietly hoarding more Bitcoins. According to data from Santiment, in the past month, more than 283 wallets have at least 100 Bitcoins, and the number of such wallets has now reached 16,120, a 17-month high.
Not only big players, but also "sharks" with at least 10 Bitcoins are actively hoarding coins. In the past 30 days, big players and "sharks" have hoarded a total of 133,000 Bitcoins, worth about $7.6 billion.
In contrast, small retail players choose to sell Bitcoin when prices are weak. Despite the active hoarding of coins by big investors, the price of Bitcoin is currently around $59,000, down 8% in the past week, with no obvious upward reaction.
Some believe that the hoarding of Bitcoin by big investors may be a signal of the market bottom, reflecting their confidence in long-term value. For investors, this may be a time to consider a long-term holding strategy, but decisions should be made carefully based on personal risk tolerance and investment goals.
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