🐳 Whales are slowly selling, and "small shrimps" are continuously buying. What do you think?

In this round of rebound, we have noticed some interesting phenomena. Those investors who hold less than 1 #比特币 , which we call "small shrimps", have been increasing their holdings of Bitcoin, which is consistent with the trend of the past two months.

At the same time, those "humpback whales" who hold more than 10,000 Bitcoins are slowly selling their tokens, which is also a continuous trend in the past period of time.

The market has different views on the behavior of big whales. On the one hand, some people believe that the selling of big whales and the buying of retail investors are in line with the decentralized principle of Bitcoin. In the past, whales drove the market, but now retail investors drive the market, which is good for the market! On the other hand, there are also views that the selling of big whales may trigger panic selling in the market, which is bad for the market.

According to Coingecko data, the price of Bitcoin has risen by 19.5% in the past seven days, and the current price is close to $88,793, and even almost touched the threshold of $90,000 at one point.

From the data, the active buying behavior of small addresses coincides with the upward trajectory of Bitcoin prices, which challenges the claim that "whales are smart money in the ecosystem."

At the same time, in the past three months, the accumulation of Bitcoin by all groups has exceeded the supply and issuance, which shows that demand has remained stable and market momentum remains stable and positive!

Let's take a look at the situation of long-term and short-term holders. #长期持有者 , that is, investors who have held Bitcoin for more than 155 days, do not seem to be worried about the market rebound this time. They continue to hold Bitcoin and expect higher prices.

Short-term holders, that is, investors who have held Bitcoin for less than 155 days, although their holdings have increased in value, hold far less total supply than long-term holders.

At present, long-term holders (LTH) seem to be very confident in the market this time. They hold 78% of the circulating supply of Bitcoin and have only reduced their holdings by 3% over the past year. In contrast, the supply of #短期持有者 (STH) is close to the historical low.

In summary, although the big whales are slowly selling, the price of Bitcoin is still rising, which may also mean that the profits of us "small shrimps" in this bull market cycle may be better than those whales who are selling.